Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54139
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dc.contributor.authorWacker, Konstantin M.en_US
dc.date.accessioned2011-02-04en_US
dc.date.accessioned2011-12-15T13:19:24Z-
dc.date.available2011-12-15T13:19:24Z-
dc.date.issued2011en_US
dc.identifier.isbn978-92-9230-369-3en_US
dc.identifier.urihttp://hdl.handle.net/10419/54139-
dc.description.abstractThis paper first shows that important economic arguments in favor of the Prebisch-Singer hypothesis of falling terms of trade of developing countries have implicitly relied on the role of multinational corporations and foreign direct investment. As of yet, the relationship between the latter and terms of trade has not been empirically investigated. In order to start closing this gap in research, data on 111 developing countries between 1980 and 2008 is analyzed using panel data methods. The empirical results suggest that there is no reason to believe multinationals' activities were responsible for a possible decrease of the developing countries' net barter terms of trade. On the contrary, foreign direct investment seems to play a positive role for developing countries' terms of trade. The paper also investigates other possible variables structurally influencing terms of trade and thus provides fruitful directions for future research.en_US
dc.language.isoengen_US
dc.publisher|aWIDER |cHelsinkien_US
dc.relation.ispartofseries|aWorking paper // World Institute for Development Economics Research |x2011,06en_US
dc.subject.jelC23en_US
dc.subject.jelF23en_US
dc.subject.jelO11en_US
dc.subject.ddc330en_US
dc.subject.keywordterms of tradeen_US
dc.subject.keywordFDIen_US
dc.subject.keywordmultinationalsen_US
dc.subject.keywordPrebisch Singer hypothesisen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwTerms of Tradeen_US
dc.subject.stwEntwicklungsländeren_US
dc.titleThe impact of foreign direct investment on developing countries' terms of tradeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn645268208en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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