Publication
Jun 2005
This paper analyzes whether business cycle developments in OECD countries and increased activities of firms across national boundaries due to globalization are linked. The authors assess if foreign activities are affected by business cycle developments using a firm-level dataset of German firms for the period of 1989-2002. They find that German inward foreign direct investment increases in response to positive cyclical developments abroad and in response to a depreciation of the domestic currency.
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English (PDF, 39 pages, 260 KB) |
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Author | Claudia M Buch, Alexander Lipponer |
Series | Kiel Institute Working Papers |
Issue | 1245 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2005 Kiel Institute for the World Economy |