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Exchange Rate, Exchange Rate Volatility and Foreign Direct Investment

✍ Scribed by Kozo Kiyota; Shujiro Urata


Book ID
111025113
Publisher
John Wiley and Sons
Year
2004
Tongue
English
Weight
200 KB
Volume
27
Category
Article
ISSN
0378-5920

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Modern theory of foreign direct investment (FDI) identifies market frictions such as transport costs and tariffs as major obstacles to a firm's access to foreign markets and as important reasons for two-way FDI. An alternative rationale for two-way FDI is offered in the present paper from a theoreti