Do exchange rates have any impact upon UK inward foreign direct investment?

Abbott, Andrew James; De Vita, Glauco

[journal article]

dc.contributor.author	Abbott, Andrew James	de
dc.contributor.author	De Vita, Glauco	de
dc.date.accessioned	2011-04-01T03:35:00Z	de
dc.date.accessioned	2012-08-30T04:48:31Z
dc.date.available	2012-08-30T04:48:31Z
dc.date.issued	2008	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/24029
dc.description.abstract	This paper examines the impact of the level and volatility of the real exchange rate on UK foreign direct investment (FDI) inflows from the seven major countries of origin of the investment over the period 1975 to 2001. We use both fixed effects and dynamic generalised methods of moments (GMM) panel estimation techniques, and manufacturing data disaggregated by high and low R&D content of the sector of destination. Our results provide strong evidence that exchange rate volatility has a negative impact on FDI flows into the UK, irrespective of the sector of destination of the investment. On the other hand, the level of the real exchange rate is found to have a statistically insignificant effect on FDI after controlling for endogeneity of the regressors.	en
dc.language	en	de
dc.title	Do exchange rates have any impact upon UK inward foreign direct investment?	en
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Applied Economics	de
dc.source.volume	39	de
dc.source.issue	20	de
dc.identifier.urn	urn:nbn:de:0168-ssoar-240293	de
dc.date.modified	2011-04-01T03:35:00Z	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	de
dc.rights.licence	PEER Licence Agreement (applicable only to documents from PEER project)	en
ssoar.contributor.institution	http://www.peerproject.eu/	de
internal.status	-1	de
dc.type.stock	article	de
dc.type.document	journal article	en
dc.type.document	Zeitschriftenartikel	de
dc.source.pageinfo	2553-2564
internal.identifier.journal	21	de
internal.identifier.document	32
dc.identifier.doi	https://doi.org/10.1080/00036840600749748	de
dc.description.pubstatus	Postprint	en
dc.description.pubstatus	Postprint	de
internal.identifier.licence	7
internal.identifier.pubstatus	2
internal.identifier.review	1
internal.check.abstractlanguageharmonizer	CERTAIN
internal.check.languageharmonizer	CERTAIN_RETAINED

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