The cyclical nature of North-South FDI flows

Journal of International Money and Finance

Volumn 26, Issue 1, 2007, Pages 104-130

  Levy Yeyati, Eduardo ^a   Panizza, Ugo ^b   Stein, Ernesto ^b  

^a UNIVERSIDAD TORCUATO DI TELLA   (Argentina)

^b INTER AMERICAN DEVELOPMENT BANK   (United States)

Author keywords

Business cycle; FDI

Indexed keywords

EID: 33846623436     PISSN: 02615606     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jimonfin.2006.10.012     Document Type: Article

References (27)

1. Albuquerque R., Loayza N., and Servén L. World market integration through the lens of foreign direct investors. Journal of International Economics 66 2 (2005) 267-295
2. Blonigen, B., Davis, R., 2000. The effects of bilateral tax treaties on U.S. FDI Activity. National Bureau of Economic Research Working Paper 7929.
3. Calvo, G., 2003. Explaining sudden stops, growth collapse and BOP crisis. National Bureau of Economic Research Working Paper 9864.
4. Calvo G., Leiderman L., and Reinhart C. Capital inflows and real exchange rate appreciation in Latin America: the role of external factors. International Monetary Fund Staff Papers 40 1 (1993) 108-151
5. Calvo, G., Fernández-Arias, E., Reinhart, C., Talvi, E., 2001. The growth-interest rate cycle in the United States and its consequences for emerging markets. Inter-American Development Bank, Research Department, Working Paper 458.
6. Dornbusch R., Goldfajn I., and Valdez R. Currency crisis and collapses. Brookings Papers on Economic Activity 2 (1995) 219-293
7. Eaton J., and Tamura A. Bilateralism and regionalism in Japanese and U.S. trade and direct foreign investment patterns. Journal of the Japanese and International Economies 8 4 (1994) 478-510
8. Eichengreen B., and Irwin D. Trade blocks, currency blocks and the reorientation of trade in the 1930s. Journal of International Economics 38 1-2 (1995) 1-24
9. Eichengreen B., and Irwin D. The role of history in bilateral trade flows. In: Frankel J. (Ed). The Regionalization of the World Economy (1997), University of Chicago Press, Chicago, IL
10. Fernández-Arias, E., Hausmann, R., 2001. Foreign direct investment: good cholesterol? Inter-American Development Bank, Research Department, Working Paper 417.
11. Fernández-Arias E., Panizza U., and Stein E. Trade agreements, exchange rate disagreements. In: Alexander V., Mélitz J., and Von Furstenberg G. (Eds). Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability (2004), Oxford University Press
12. Helpman E. A simple theory of trade with multinational corporations. Journal of Political Economy 92 3 (1984) 451-471
13. Helpman E., and Krugman P. Market Structure and Foreign Trade (1985), The MIT Press, Cambridge, MA
14. Lehmann A. The distribution of fixed capital in the multinational firm. International Monetary Fund Staff Papers 49 1 (2002) 136-153
15. Levy Yeyati, E., Stein, E., and Daude, C., 2002. Regional integration and the location of FDI. Inter-American Development Bank Seminar Paper prepared for the IDB-IIC 43rd Annual Meeting, Looking Beyond Our Borders: Opportunities and Challenges of the New Regionalism, Fortaleza, Brazil, March 11th 2002.
16. Levy Yeyati E., and Sturzenegger F. Implications of the euro for Latin America's financial and banking systems. Emerging Markets Review 1 1 (2000) 35-81
17. Lim, E., 2001. Determinants of, and the relation between foreign direct investment and growth: a summary of the recent literature. International Monetary Fund Working Paper 175.
18. Lipsey R. The role of foreign direct investment. In: Feldstein M. (Ed). International Capital Flows in International Capital Flows (1999), University of Chicago Press, Chicago, IL
19. Loungani P., Mody A., and Razin A. The global disconnect: the role of transactional distance and scale economies in gravity equations. Scottish Journal of Political Economy 49 5 (2002) 526-543
20. Markusen J. Multinationals, multi-plant economies, and the gains from trade. Journal of International Economics 16 3-4 (1984) 205-226
21. Markusen J., and Venables A. Multinational firms and the new trade theory. Journal of International Economics 46 2 (1998) 183-203
22. Portes, R., Rey, H., 2000. The determinants of cross-border equity flows. London School of Economics, Centre for Economic Performance Discussion Paper 446.
23. Reinhart, C., Reinhart, V., 2001. What hurts most? G-3 exchange rate volatility or interest rate volatility. National Bureau of Economic Research Working Paper 8535.
24. Rose A. One money, one market: the effect of common currencies on trade. Economic Policy 14 30 (2000) 7-46
25. Stein, E., Daude, C., 2001. Institutions, integration, and the location of foreign direct investment. Inter-American Development Bank, Research Department, Washington, DC, United States. Mimeographed document.
26. Wei, S., 1997. Why is corruption so much more taxing than tax? Arbitrariness kills. National Bureau of Economic Research Working Paper 6255.
27. Wei S. How taxing is corruption to international investors?. Review of Economics and Statistics 82 1 (2000) 1-11