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The Relationship Be...
The Relationship Between Domestic and Outward Foreign Direct Investment : The Role of Industry-Specific Effects
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- Braunerhjelm, Pontus (author)
- KTH,Transporter och samhällsekonomi,Royal Institute of Technology, Stockholm, Sweden
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- Oxelheim, Lars (author)
- Lund University,Lunds universitet,Företagsekonomiska institutionen,Ekonomihögskolan,Institutet för Ekonomisk forskning,Department of Business Administration,Lund University School of Economics and Management, LUSEM,Institute of Economic Research,Lund University School of Economics and Management, LUSEM
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- Thulin, Per, 1963- (author)
- Linköpings universitet,KTH,Transporter och samhällsekonomi,Institutionen för ekonomisk och industriell utveckling,Tekniska högskolan
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(creator_code:org_t)
- Amsterdam : Elsevier, 2005
- 2005
- English.
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In: International Business Review. - Amsterdam : Elsevier. - 0969-5931 .- 1873-6149. ; 14:6, s. 677-694
- Related links:
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http://www.ifn.se/Wf...
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http://dx.doi.org/10...
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https://urn.kb.se/re...
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https://doi.org/10.1...
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https://urn.kb.se/re...
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https://lup.lub.lu.s...
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Abstract
Subject headings
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- Previous research has been inconclusive as regards the effect of outward foreign direct investment (FDI) on domestic investments. In this article, we show that this inconclusiveness can be explained at a disaggregated level as a function of the way industries are organized. Based on a simple theoretical framework including monitoring and trade costs, we argue that a complementary relationship can be expected to prevail in vertically integrated industries, whereas a substitutionary relationship can be expected in horizontally organized production. The empirical analysis confirms a significant difference between the two categories of industry as regards the impact of outward FDI on domestic investment. The results may thus have profound policy implications.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Keyword
- FDI
- gross domestic investment
- industry-specific effects
- Business and economics
- Ekonomi
- TECHNOLOGY
- industry-specific effects
- FDI
- gross domestic investment
Publication and Content Type
- ref (subject category)
- art (subject category)
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