Foreign direct investment and external financing conditions : evidence from normal and crisis times

Desbordes, Rodolphe and Wei, Shang-Jin (2015) Foreign direct investment and external financing conditions : evidence from normal and crisis times. Scandinavian Journal of Economics. ISSN 0347-0520 (In Press) (https://doi.org/10.1111/sjoe.12192)

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Abstract

This paper investigates the effects that external financing conditions in source and destination countries have on foreign direct investment (FDI) in normal and crisis times, using a difference-in- differences approach. We find that source and destination countries’ financial development have a strong positive impact on the relative volume of FDI in financially vulnerable sectors in normal times. On the other hand, during the 2008-2010 global financial crisis, the relative volume of FDI in financially vulnerable sectors fell relatively more in financially developed source and destination countries, most notably if these countries experienced a credit crisis.

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• Item metadata

  Item type:	Article
  ID code:	56160
  Dates:	Date Event 9 December 2015 Published 9 December 2015 Accepted
  Notes:	This is the peer reviewed version of the following article: Desbordes, R., & Wei, S-J. (2015). Foreign direct investment and external financing conditions: evidence from normal and crisis times. Scandinavian Journal of Economics. DOI: 10.1111/sjoe.12192, which has been published in final form at https://doi.org/10.1111/sjoe.12192. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
  Subjects:	Social Sciences > Commerce
  Department:	Strathclyde Business School > Economics
  Depositing user:	Pure Administrator
  Date deposited:	14 Apr 2016 15:31
  Last modified:	19 Apr 2024 10:33
  Related URLs:	Journal or Publication
  URI:	https://strathprints.strath.ac.uk/id/eprint/56160