Determinants of Japanese direct investment in US manufacturing industries
作者： Catherine L. Mann
DOI: 10.1016/0261-5606(93)90038-D
关键词: Macroeconomics 、 Returns to scale 、 Portfolio 、 Return on investment 、 Foreign direct investment 、 Economics 、 Manufacturing 、 Open-ended investment company 、 Industrial organization 、 Foreign portfolio investment 、 Exchange rate
摘要: Abstract A hybrid model of direct investment is developed from an asset portfolio and industrial organization investment. Encompassing tests using disaggregated data validate the model, while its two component models are rejected by at least some data. The exchange rate found to be important explanatory variable for in but not all US industries. Equity purchase more likely R&D intensive industries, privately held companies, highly concentrated Plant equipment industries with increasing returns scale, experiencing large net export deficits Japan. (JEL F21).
elsevier.com
sci-hub.se 参考文章(40)
RAYMOND VERNON, THE PRODUCT CYCLE HYPOTHESIS IN A NEW INTERNATIONAL ENVIRONMENT Oxford Bulletin of Economics and Statistics. ,vol. 41, pp. 255- 267 ,(2009) , 10.1111/J.1468-0084.1979.MP41004002.X
Robert C. Feenstra, University Robert C Feenstra, Trade Policies for International Competitiveness Research Papers in Economics. ,(1989) , 10.7208/CHICAGO/9780226239507.001.0001
Grayham E. Mizon, The encompassing approach in econometrics Australian National University, Faculty of Economics and Research School of Social Sciences. ,(1984)
Catherine L. Mann, Prices, profit margins, and exchange rates Federal Reserve Bulletin. pp. 366- 379 ,(1986)
Kiyoshi Kojima, Terutomo Ozawa, Micro- and Macro-Economic Models of Direct Foreign Investment : Toward a Synthesis Hitotsubashi Journal of Economics. ,vol. 25, pp. 1- 20 ,(1984) , 10.15057/7907
Dale Jorgenson, L.J. Lau, L. R. Christensen, Transcendental Logarithmic Utility Functions The American Economic Review. ,vol. 65, pp. 367- 383 ,(1975)
SEEV HIRSCH, AN INTERNATIONAL TRADE AND INVESTMENT THEORY OF THE FIRM Oxford Economic Papers. ,vol. 28, pp. 258- 270 ,(1976) , 10.1093/OXFORDJOURNALS.OEP.A041344
JOHN H. DUNNING, EXPLAINING CHANGING PATTERNS OF INTERNATIONAL PRODUCTION: IN DEFENCE OF THE ECLECTIC THEORY Oxford Bulletin of Economics and Statistics. ,vol. 41, pp. 269- 295 ,(2009) , 10.1111/J.1468-0084.1979.MP41004003.X
Richard E. Caves, International Corporations: The Industrial Economics of Foreign Investment Economica. ,vol. 38, pp. 1- 27 ,(1971) , 10.2307/2551748
S. J. Nickell, The investment decisions of firms ,(1978)