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Do exchange rates have any impact upon UK inward foreign direct investment?

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Do exchange rates have any impact upon UK inward foreign direct investment? / De Vita, Glauco; Abbott, Andrew James.
In: Applied Economics, Vol. 39, No. 2, 01.01.2007, p. 2553-2564.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

De Vita, G & Abbott, AJ 2007, 'Do exchange rates have any impact upon UK inward foreign direct investment?', Applied Economics, vol. 39, no. 2, pp. 2553-2564. https://doi.org/10.1080/00036840600749748

APA

De Vita, G., & Abbott, A. J. (2007). Do exchange rates have any impact upon UK inward foreign direct investment? Applied Economics, 39(2), 2553-2564. https://doi.org/10.1080/00036840600749748

Vancouver

De Vita G, Abbott AJ. Do exchange rates have any impact upon UK inward foreign direct investment? Applied Economics. 2007 Jan 1;39(2):2553-2564. doi: 10.1080/00036840600749748

Author

De Vita, Glauco ; Abbott, Andrew James. / Do exchange rates have any impact upon UK inward foreign direct investment?. In: Applied Economics. 2007 ; Vol. 39, No. 2. pp. 2553-2564.

Bibtex

@article{823d42da3ebe4261aa327353a5106e01,
title = "Do exchange rates have any impact upon UK inward foreign direct investment?",
abstract = "This article examines the impact of the level and volatility of the real exchange rate on UK foreign direct investment (FDI) inflows from the seven major countries of origin of the investment over the period 1975–2001. We use both fixed effects and dynamic generalized methods of moments (GMM) panel estimation techniques, and manufacturing data disaggregated by high and low R&D content of the sector of destination. Our results provide strong evidence that exchange rate volatility has a negative impact on FDI flows into the UK, irrespective of the sector of destination of the investment. On the other hand, the level of the real exchange rate is found to have a statistically insignificant effect on FDI after controlling for endogeneity of the regressors.",
author = "{De Vita}, Glauco and Abbott, {Andrew James}",
year = "2007",
month = jan,
day = "1",
doi = "10.1080/00036840600749748",
language = "English",
volume = "39",
pages = "2553--2564",
journal = "Applied Economics",
issn = "0003-6846",
publisher = "Routledge",
number = "2",

}

RIS

TY - JOUR

T1 - Do exchange rates have any impact upon UK inward foreign direct investment?

AU - De Vita, Glauco

AU - Abbott, Andrew James

PY - 2007/1/1

Y1 - 2007/1/1

N2 - This article examines the impact of the level and volatility of the real exchange rate on UK foreign direct investment (FDI) inflows from the seven major countries of origin of the investment over the period 1975–2001. We use both fixed effects and dynamic generalized methods of moments (GMM) panel estimation techniques, and manufacturing data disaggregated by high and low R&D content of the sector of destination. Our results provide strong evidence that exchange rate volatility has a negative impact on FDI flows into the UK, irrespective of the sector of destination of the investment. On the other hand, the level of the real exchange rate is found to have a statistically insignificant effect on FDI after controlling for endogeneity of the regressors.

AB - This article examines the impact of the level and volatility of the real exchange rate on UK foreign direct investment (FDI) inflows from the seven major countries of origin of the investment over the period 1975–2001. We use both fixed effects and dynamic generalized methods of moments (GMM) panel estimation techniques, and manufacturing data disaggregated by high and low R&D content of the sector of destination. Our results provide strong evidence that exchange rate volatility has a negative impact on FDI flows into the UK, irrespective of the sector of destination of the investment. On the other hand, the level of the real exchange rate is found to have a statistically insignificant effect on FDI after controlling for endogeneity of the regressors.

U2 - 10.1080/00036840600749748

DO - 10.1080/00036840600749748

M3 - Journal article

VL - 39

SP - 2553

EP - 2564

JO - Applied Economics

JF - Applied Economics

SN - 0003-6846

IS - 2

ER -