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Foreign Outward Direct Investment and Intermediate Goods Exports: Evidence from Usa
| Content Provider | Semantic Scholar |
|---|---|
| Author | Türkcan, Kemal |
| Copyright Year | 2006 |
| Abstract | The growing levels of trade in intermediate goods and foreign direct investment are two distinctive features of present globalization. Although they have been analyzed separately in the empirical literature, their interaction has remained largely unexplored. Using the gravity equations method, this study examines the relationship between outward FDI stocks and finished and intermediate goods exports in the US economy over the period from 1989 to 2003. The empirical results show that the disaggregation of bilateral trade flows into finished and intermediate goods provides meaningful information for the analysis of the relationship between the US intermediate goods exports and outward FDI stocks. In contrast, the results find a weak evidence of substitution effects between the US finished goods exports and outward FDI stocks. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.etsg.org/ETSG2006/papers/Turkcan.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
