FDI and domestic investments in Germany: crowding in or out?
This paper estimates the effects of outward FDI on domestic business investment in Germany at the industry level for a panel of 19 industry and 10 services sectors in Germany. We pay particular attention to the different motivations behind FDI, and distinguishbetween FDI to high versus low wage countries, to Europe versus the rest of the world, and FDI in services and industry sectors.We find thatin industry FDI to low-wage countries crowds out domestic investment, whereas FDI to high wage countries outside Europe crowds in domestic investment. In services, FDI to Western Europe crowds in domestic investment.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||Business school: department of economics and statistics, discussion paper, no 143.|
|Research Areas:||A. > Business School > Economics|
|Notes on copyright:||Published for and by Middlesex University.|
|Depositing User:||Dr Ozlem Onaran|
|Date Deposited:||25 Jan 2011 14:45|
|Last Modified:||02 Oct 2015 00:02|
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