This paper investigates the effect that tight credit conditions had on outward foreign direct investment flows during the 2008-2010 global financial crisis. A difference-in-differences approach is used to isolate a "credit channel" impact of the global financial crisis on foreign direct investment. The global financial crisis had a stronger negative impact on the relative volume of outward foreign direct investment in financially vulnerable sectors...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2014/10/01
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Рабочий документ в рамках исследования вопросов политики
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WPS7063
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1
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1
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2014/10/01
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Disclosed
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Credit conditions and foreign direct investment during the global financial crisis
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vulnerable sector
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