Determinants of foreign direct investment of OECD countries 1991-2001

International Economic Journal

Volumn 22, Issue 4, 2008, Pages 509-524

  Gast, Michael ^a   Herrmann, Roland ^a  

^a JUSTUS LIEBIG UNIVERSITY   (Germany)

Author keywords

Foreign direct investment and international trade; Models with panel data; Multinational firms

Indexed keywords

EID: 57649234970     PISSN: 10168737     EISSN: 1743517X     Source Type: Journal    
DOI: 10.1080/10168730802497601     Document Type: Article

References (45)

1. Anderson, J. E. (1979) A theoretical foundation for the gravity equation. American Economic Review, 69:2, pp. 106-116.
2. Baldwin, R. and Taglioni, D. (2006) Gravity for dummies and dummies for gravity equations. Cambridge, MA
3. Bergstrand, J. H. (1985) The gravity equation in international trade: some microeconomic foundations and empirical evidence. Review of Economics and Statistics, 67:3, pp. 474-481.
4. Bergstrand, J. H. (1989) The generalized gravity equation, monopolistic competition, and factor proportions theory in international trade. Review of Economics and Statistics, 71:1, pp. 143-153.
5. Bevan, A. A. and Estrin, S. (2004) The determinants of foreign direct investment into European transition countries. Journal of Comparative Economics, 32:4, pp. 775-787.
6. Blonigen, B. A. (1997) Firm-specific assets and the link between exchange rates and foreign direct investment. American Economic Review, 87:3, pp. 447-465.
7. Blonigen, B. A., Davies, R. B. and Head, C. K. (2002) Estimating the knowledge-capital model of the multinational enterprise: Comment. National Bureau of Economic Research, Cambridge, MA
8. Brainard, S. L. (1997) An empirical assessment of the proximity-concentration trade-off between sales and trade. American Economic Review, 87:4, pp. 520-544.
9. Brenton, P., Di Mauro, F. and Lucke, W. (1999) Economic integration and FDI: An empirical analysis of foreign investment in the EU and in Central and Eastern Europe. Empirica, 26:2, pp. 95-121.
10. Buch, C., Kleinert, J. and Toubal, F. (2004) The distance puzzle: On the interpretation of the distance coefficient in gravity equations. Economics Letters, 83:3, pp. 293-298.
11. Byers, J. A. (1997) Great circle distances between cities.
12. Campos, N. F. and Kinoshita, Y. (2002) Foreign direct investment as technology transferred: Some panel evidence from the transition economies. The Manchester School, 70:3, pp. 398-419.
13. Carr, D., Markusen, J. R. and Maskus, K. E. (2001) Estimating the knowledge-capital model of the multinational enterprise. American Economic Review, 91:3, pp. 693-708.
14. DeSantis, R. A., Anderton, R. and Hijzen, A. (2004) On the determinants of Euro area FDI to the United States: The knowledge-capital-Tobin's Q framework. European Central Bank Working Paper Series No. 329. Frankfurt
15. Dunning, J. H. (1977) Trade, location of economic activity and the MNE: a search for an eclectic approach. The International Allocation of Economic Activity, pp. 395-431. Macmillan, London
16. Eaton, J. and Tamura, A. (1994) Bilateralism and regionalism in Japanese and U.S. trade and direct foreign investment patterns. Journal of the Japanese and International Economies, 8:4, pp. 478-510.
17. Egger, P. and Pfaffermayr, M. (2004) Distance, trade and FDI: A Hausman-Taylor SUR approach. Journal of Applied Econometrics, 19:2, pp. 227-246.
18. Froot, K. and Stein, J. (1991) Exchange rates and foreign direct investment: An imperfect capital markets approach. Quarterly Journal of Economics, 106:4, pp. 1191-1271.
19. Graham, E. M. (1997) US direct investment abroad and US exports in the manufacturing sector: Some empirical results based on cross-sectional analysis. Multinational Firms and International Relocation, pp. 90-102. Elgar, Cheltenham
20. Gast, M. (2007) Determinanten auslandischer Direktinvestitionen. OECD-Lander als Investoren und besondere Aspekte der Ernahrungswirtschaft, Peter Lang, Frankfurt
21. Hanson, G. H., Mataloni, R. J. and Slaughter, M. J. (2003) Vertical production networks in multinational firms. Washington DC
22. Helpman, E. (1984) A simple theory of trade with multinational corporations. Journal of Political Economy, 92:3, pp. 451-471.
23. Helpman, E. (1987) Imperfect competition and international trade: evidence from fourteen industrial countries. Journal of the Japanese and International Economies, 1:1, pp. 62-81.
24. Helpman, E. and Krugman, P. R. (1985) Market Structure and Foreign Trade, MIT Press, Cambridge, MA
25. Heritage Foundation (2005) Heritage Index of Economic Freedom Database, Washington DC
26. International Monetary Fund (2003) Financial Statistics Yearbook, Washington DC
27. International Monetary Fund (2004) World Economic Outlook Database, Washington DC
28. Kindleberger, C. P. (1969) American Business Abroad, Yale University Press, New Haven
29. Kleinert, J. and Klodt, H. (2000) Megafusionen: Trends, Ursachen und Implikationen, Mohr Siebeck, Tubingen
30. Linnemann, H. (1966) An Econometric Study of International Trade Flows, North-Holland, Amsterdam
31. Markusen, J. R. (1984) Multinationals, multi-plant economies and the gains from trade. Journal of International Economics, 16:34, pp. 205-226.
32. Markusen, J. R. (1995) The boundaries of multinational enterprises and the theory of international trade. Journal of Economic Perspectives, 9:2, pp. 169-189.
33. McCorriston, S. (1999) Foreign direct investment and trade-future directions for research. Contributed Paper presented at the Annual Meeting of the International Agricultural Trade Research Consortium New Orleans
34. OECD (1996) OECD Benchmark Definition of Foreign Direct Investment, OECD, Paris
35. OECD (2002) Foreign Direct Investment For Development: Maximising Benefits, Minimising Costs, OECD, Paris
36. OECD (2003) International Direct Investment Statistics Yearbook, OECD, Paris
37. OECD (2004) STAN Bilateral Trade Database, OECD, Paris
38. Poyhonen, P. (1963) A tentative model for the volume of trade between countries. Weltwirtschaftliches Archiv, 90:1, pp. 93-99.
39. Tinbergen, J. (1962) Shaping the World Economy - Suggestions for an International Economic Policy, The Twentieth Century Fund, New York
40. Tobin, J. (1969) A general equilibrium approach to monetary theory. Journal of Money, Credit and Banking, 1:1, pp. 15-29.
41. UNCTAD. Various years World Investment Report, UNCTAD, Geneva
42. Wooldridge, J. M. (2003) Introductory Econometrics. A Modern Approach, South-Western, Mason, OH
43. World Bank (2004) World Investment Indicators Database, World Bank, Washington DC
44. World Economic Forum (2003) The Global Competitiveness Report, Palgrave Macmillan, Basingstoke
45. World Federation of Exchanges (2004) Stock Market Indices, World Federation of Exchanges, Paris