Foreign direct investment and macroeconomic risk

Journal of Comparative Economics

Volumn 35, Issue 3, 2007, Pages 509-519

  Jinjarak, Yothin ^a  

^a NANYANG TECHNOLOGICAL UNIVERSITY   (Singapore)

Author keywords

Horizontal and vertical FDI; Institutions; Macroeconomic volatility; Multinationals

Indexed keywords

EID: 34548125231     PISSN: 01475967     EISSN: 10957227     Source Type: Journal    
DOI: 10.1016/j.jce.2007.05.002     Document Type: Article

References (45)

1. Aguiar M., and Gopinath G. Emerging market business cycles: The cycle is the trend. Journal of Political Economy 115 (2007) 69-102
2. Aizenman J. Volatility, employment and the patterns of FDI in emerging markets. Journal of Development Economics 72 (2003) 585-601
3. Aizenman J., and Marion N. The merits of horizontal versus vertical FDI in the presence of uncertainty. Journal of International Economics 62 (2004) 125-148
4. Aizenman J., and Spiegel M.M. Institutional efficiency monitoring costs and the investment share of FDI. Review of International Economics 14 (2006) 683-697
5. Alexius A. Productivity shocks and real exchange rates. Journal of Monetary Economics 52 (2005) 555-566
6. Anderson J.E., and Marcouiller D. Insecurity and the pattern of trade: An empirical investigation. Review of Economics and Statistics 84 (2002) 342-352
7. Barrell R., and Pain N. Domestic institutions, agglomerations and foreign direct investment in Europe. European Economic Review 43 (1999) 925-934
8. Berkowitz D., Moenius J., and Pistor K. Trade, law, and product complexity. Review of Economics and Statistics 88 (2006) 363-373
9. Blomberg S.B., and Hess G.D. How much does violence tax trade?. Review of Economics and Statistics 88 (2006) 599-612
10. Blonigen B.A. Firm-specific assets and the link between exchange rates and foreign direct investment. American Economic Review 87 (1997) 447-465
11. Braconier H., Norbäck P.-J., and Urban D. Reconciling the evidence on the knowledge-capital model. Review of International Economics 13 (2005) 770-786
12. Brainard L.S. An empirical assessment of the proximity-concentration tradeoff between multinational sales and trade. American Economic Review 87 (1997) 520-544
13. Calvo G.A., and Mishkin F.S. The mirage of exchange rate regimes for emerging market countries. Journal of Economic Perspectives 17 (2003) 99-118
14. Carr D.L., Markusen J.R., and Maskus K.E. Estimating the knowledge-capital model of the multinational enterprise. American Economic Review 91 (2001) 693-708
15. Davies, R.B., 2003. Hunting high and low for vertical FDI. Working paper. Department of Economics, University of Oregon
16. Ekholm, K., Forslid, R., Markusen, J., 2003. Export-platform foreign direct investment. Working paper 9517. National Bureau of Economic Research, Cambridge, MA
17. Froot K.A., and Stein J.C. Exchange rates and foreign direct investment: An imperfect capital markets approach. Quarterly Journal of Economics 106 (1991) 1191-1217
18. Greaney T.M. Reverse importing and asymmetric trade and FDI: A networks explanation. Journal of International Economics 61 (2003) 453-465
19. Greif A. Institutions and international trade: Lessons from the commercial revolution. American Economic Review 82 (1992) 128-133
20. Grossman G.M., and Helpman E. Managerial incentives and the international organization of production. Journal of International Economics 63 (2004) 237-262
21. Hanson, G.H., Raymond, J., Mataloni, J., Slaughter, M.J., 2002. Expansion strategies of US multinational firms. Brookings Trade Forum 2001, pp. 245-294
22. Hanson G.H., Raymond J., Mataloni J., and Slaughter M.J. Vertical production networks in multinational firms. Review of Economics and Statistics 87 (2005) 664-678
23. Helpman E. A simple theory of international trade with multinational corporations. Journal of Political Economy 92 (1984) 451-471
24. Helpman, E., Melitz, M., Rubinstein, Y., 2007. Estimating trade flows: Trading partners and trading volumes. Harvard University
25. Helpman E., Melitz M.J., and Yeaple S.R. Export versus FDI with heterogeneous firms. American Economic Review 94 (2004) 300-316
26. Hummels D., Ishii J., and Yi K.-M. The nature and growth of vertical specialization in world trade. Journal of International Economics 54 (2001) 75-96
27. Joskow P. Vertical integration. In: Ménard C., and Shirley M.M. (Eds). Handbook of New Institutional Economics (2005), Springer/Kluwer, New York 319-348
28. Klein M.W., and Rosengren E. The real exchange rate and foreign direct investment in the United States. Journal of International Economics 36 (1994) 373-389
29. Leahy D., and Montagna C. Unionisation and foreign direct investment: Challenging conventional wisdom?. Economic Journal 110 (2000) 80-92
30. Levchenko, A., in press. Institutional quality and international trade. Review of Economic Studies
31. Lipsey, R.E., 2007. Defining and measuring the location of FDI output. Working paper No. 12996. NBER
32. Marin D., and Schnitzer M. The economic institution of international barter. Economic Journal 112 (2002) 293-316
33. Morley S.A., and Smith G.W. Limited search and the technology choices of multinational firms in Brazil. Quarterly Journal of Economics 91 (1977) 263-287
34. Nunn, N., 2007. Relationship-specificity, incomplete contracts and the pattern of trade. Quarterly Journal of Economics 122 (2), 569-600
35. Petroulas, P., in press. The effect of the euro on foreign direct investment. European Economic Review
36. Rajan R.G., and Zingales L. Financial dependence and growth. American Economic Review 88 (1998) 559-586
37. Rangan S., and Lawrence R.Z. The response of US firms to exchange rate fluctuations: Piercing the corporate veil. Brookings Papers on Economic Activity 1993 (1993) 341-369
38. Rauch J.E. Networks versus markets in international trade. Journal of International Economics 48 (1999) 7-35
39. Rodrik D., Subramanian A., and Trebbi F. Institutions rule: The primacy of institutions over geography and integration in economic development. Journal of Economic Growth 9 (2004) 131-165
40. Russ K.N. The endogeneity of the exchange rate as a determinant of FDI: A model of entry and multinational firms. Journal of International Economics 71 (2007) 344-372
41. Svaleryd H., and Vlachos J. Financial markets, the pattern of industrial specialization and comparative advantage: Evidence from OECD countries. European Economic Review 49 (2005) 113-144
42. Swenson D.L. Tax reforms and evidence of transfer pricing. National Tax Journal 104 (2001) 7-25
43. Thomas J., and Worral T. Foreign direct investment and the risk of expropriation. Review of Economic Studies 61 (1993) 81-108
44. Waldkirch, A., 2006. Vertical FDI? A host country perspective. Working paper. Department of Economics, Colby College
45. Yi K.-M. Can vertical specialization explain the growth of world trade. Journal of Political Economy 111 (2003) 52-102