The endogeneity of the exchange rate as a determinant of FDI: A model of entry and multinational firms
DOI: 10.1016/J.JINTECO.2006.04.004
关键词: Sunk costs 、 Exchange rate 、 Economics 、 A determinant 、 Multinational corporation 、 Volatility (finance) 、 Monetary economics 、 Volatility swap 、 Endogeneity 、 Foreign direct investment 、 Macroeconomics
摘要: This paper argues that when the exchange rate and projected sales in the host country are jointly determined by underlying macroeconomic variables, regressions of FDI flows on both …
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