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Business cycles and FDI: evidence from German sectoral data

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dc.creator Buch, Claudia M.
dc.creator Lipponer, Alexander
dc.date 2005
dc.date.accessioned 2013-10-16T07:05:25Z
dc.date.available 2013-10-16T07:05:25Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19518
dc.identifier ppn:487737482
dc.identifier RePEc:zbw:bubdp1:3369
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19518
dc.description Globalization has effected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign activities are affected by business cycle developments. We aggregate the data by the sector of the reporting firm, the sector of the foreign affiliate, and the host country. Data are annual and cover the period 1989-2002. We find that German outward FDI increases in response to positive cyclical developments abroad and in response to a real depreciation of the domestic currency.
dc.language eng
dc.relation Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2005,09
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F23
dc.subject E3
dc.subject ddc:330
dc.subject Business cycles
dc.subject multinational activity
dc.subject FDI
dc.subject Direktinvestition
dc.subject Multinationales Unternehmen
dc.subject Deutsch
dc.subject Konjunktur
dc.subject Abwertung
dc.subject Kaufkraftparität
dc.subject Euro
dc.subject Schätzung
dc.subject Welt
dc.subject Deutschland
dc.title Business cycles and FDI: evidence from German sectoral data
dc.type doc-type:workingPaper


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