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Working Papers, Department of Economics, Rutgers University >
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http://hdl.handle.net/10419/59459
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| Title: | | Exchange rate and political risks, again  |
| Authors: | | Clare, Gregory Gang, Ira N. |
| Issue Date: | | 2009 |
| Series/Report no.: | | Working Papers, Department of Economics, Rutgers, the State University of New Jersey 2009,03 |
| Abstract: | | We examine the effects of exchange rate and political risks on foreign direct investment (FDI) for multinationals. Our strategy is to examine FDI by U.S. firms at two levels: in all industries and on the subset of only firms in manufacturing industries. When investing in developed economies the firms appear to take past and present variation in exchange rates into consideration. When investing in less developed nations the past and present variation does not appear to weigh as heavily as the present and future variation. Decreasing political risk increases FDI. |
| Subjects: | | exchange rates foreign direct investment uncertainty |
| JEL: | | F21 F31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Department of Economics, Rutgers University
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