Article ID Journal Published Year Pages File Type
10478000 Journal of the Japanese and International Economies 2005 18 Pages PDF
Abstract
We evaluate Japan's inward and outward FDI performance using theoretical benchmarks based on the premise that management teams headquartered around the world bid for the production facilities located in each country. Our model incorporates the assumption that bids are inversely proportionate to distance. It accurately predicts the multilateral shares of FDI stocks for most important countries. The theory predicts lower shares of FDI for Japan than its share of the world economy. Japan's actual share of outward FDI exceeds its inward share-as the model predicts-but both currently lie below the benchmark predictions. J. Japanese Int. Economies19 (2) (2005) 215-232.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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