Picture of boy being examining by doctor at a tuberculosis sanatorium

Understanding our future through Open Access research about our past...

Strathprints makes available scholarly Open Access content by researchers in the Centre for the Social History of Health & Healthcare (CSHHH), based within the School of Humanities, and considered Scotland's leading centre for the history of health and medicine.

Research at CSHHH explores the modern world since 1800 in locations as diverse as the UK, Asia, Africa, North America, and Europe. Areas of specialism include contraception and sexuality; family health and medical services; occupational health and medicine; disability; the history of psychiatry; conflict and warfare; and, drugs, pharmaceuticals and intoxicants.

Explore the Open Access research of the Centre for the Social History of Health and Healthcare. Or explore all of Strathclyde's Open Access research...

Image: Heart of England NHS Foundation Trust. Wellcome Collection - CC-BY.

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)

[img]
Preview
Text (Desbordes-Wei-SJE-2016-Foreign-direct-investment-and-external-financing-conditions)
Desbordes_Wei_SJE_2016_Foreign_direct_investment_and_external_financing_conditions.pdf
Accepted Author Manuscript

Download (182kB) | Preview

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.