FDI and domestic investment in Germany: crowding in or out?

被引：8

作者：

Onaran, Oezlem ^{[1
]}

Stockhammer, Engelbert ^{[2
]}

Zwickl, Klara ^{[3
]}

机构：

[1] Univ Greenwich, Sch Business, Pk Row,Greenwich, London SE10 9LS, England

[2] Univ Kingston, Dept Econ, Kingston Upon Thames KT1 2EE, Surrey, England

[3] Univ Massachusetts, Amherst, MA 01003 USA

来源：

INTERNATIONAL REVIEW OF APPLIED ECONOMICS | 2013年 / 27卷 / 04期

关键词：

domestic capital formation; foreign direct investment; cost seeking; market seeking; Germany;

D O I：

10.1080/02692171.2012.752444

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper estimates the effects of outward FDI on domestic business investment in Germany at the industry level for a panel of 19 industry and 10 services sectors. We pay particular attention to the different motivations behind FDI, and distinguish between FDI to high-versus low-wage countries, to Europe versus the rest of the world, and FDI in services and industry sectors. We find that, in industry, FDI to low-wage countries crowds out domestic investment, whereas FDI to high-wage countries outside Europe crowds in domestic investment. In services, FDI to Western Europe crowds in domestic investment.

引用

页码：429 / 448

页数：20

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