Real Exchange Rate Risk, Expectations, and the Level of Direct Investment
โ Scribed by David O. Cushman
- Book ID
- 125763566
- Publisher
- MIT Press
- Year
- 1985
- Tongue
- English
- Weight
- 512 KB
- Volume
- 67
- Category
- Article
- ISSN
- 0034-6535
- DOI
- 10.2307/1924729
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
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
## Abstract Modern theories of foreign direct investment claim that foreign direct investment occurs because certain domestic assets are worth more under foreign control. This view developed by industrial organization theorists is indifferent to the financing mode of a foreign acquisition as well a