409
Views
1
CrossRef citations to date
0
Altmetric
Articles

Exchange rate appreciation and outward FDI in China

ORCID Icon, &
Pages 995-1016 | Received 10 Aug 2021, Accepted 03 Mar 2022, Published online: 20 Mar 2022

References

  • Ackerberg, D. A., K. Caves, and G. Frazer. 2015. “Identification Properties of Recent Production Function Estimators.” Econometrica 83 (6): 2411–2451.
  • Atems, B., and J. K. Mullen. 2016. “Outward FDI from the USA and Host Country Financial Transparency.” The Journal of International Trade & Economic Development 25 (8): 1122–1143.
  • Brandt, L., J. Van Biesebroeck, and Y. Zhang. 2012. “Creative Accounting or Creative Destruction? Firm-Level Productivity Growth in Chinese Manufacturing.” Journal of Development Economics 97 (2): 339–351.
  • Buckley, P. J., L. J. Clegg, A. R. Cross, X. Liu, H. Voss, and P. Zheng. 2007. “The Determinants of Chinese Outward Foreign Direct Investment.” Journal of International Business Studies 38 (2): 499–518.
  • Campa, J. M. 1993. “Entry by Foreign Firms in the United States Under Exchange Rate Uncertainty.” The Review of Economics and Statistics, 75 (4): 614–622.
  • Campa, J. M., and L. S. Goldberg. 1999. “Investment, Pass-Through, and Exchange Rates: A Cross-Country Comparison.” International Economic Review 40 (2): 287–314.
  • Chen, K. M., C. C. Lin, and S. F. Yang. 2015. “Exchange Rate Movements, Foreign Direct Investment, and Domestic R&D.” Research in World Economy 6 (1): 20–35.
  • Chen, W., and H. Tang. 2014. “The Dragon is Flying West: Micro-Level Evidence of Chinese Outward Direct Investment.” Asian Development Review 31 (2): 109–140.
  • Cushman, D. O. 1985. “Real Exchange Rate Risk, Expectations, and the Level of Direct Investment.” The Review of Economics and Statistics, 67 (2): 297–308.
  • Dai, M., and J. Xu. 2017. “Firm-Specific Exchange Rate Shocks and Employment Adjustment: Evidence from China.” Journal of International Economics 108: 54–66.
  • Fan, H., F. Lin, and L. Tang. 2018. “Minimum Wage and Outward FDI from China.” Journal of Development Economics 135: 1–19.
  • Froot, K. A., and J. C. Stein. 1991. “Exchange Rates and Foreign Direct Investment: An Imperfect Capital Markets Approach.” The Quarterly Journal of Economics 106 (4): 1191–1217.
  • Gan, L., M. A. Hernandez, and S. Ma. 2016. “The Higher Costs of Doing Business in China: Minimum Wages and Firms’ Export Behaviour.” Journal of International Economics 100: 81–94.
  • Gorg, H., and K. Wakelin. 2002. “The Impact of Exchange Rate Volatility on US Direct Investment.” Manchester School 70 (3): 380–397.
  • Helpman, E., M. J. Melitz, and S. R. Yeaple. 2004. “Export Versus FDI with Heterogeneous Firms.” The American Economic Review 94 (1): 300–316.
  • Huang, X., X. Meng, M. Chen, and X. Liu. 2021. “The Impact of Administrative Simplification on Outward Foreign Direct Investment: Evidence from a Quasi-Natural Experiment in China.” The Journal of International Trade & Economic Development 31: 1–19.
  • Kolstad, I., and A. Wiig. 2012. “What Determines Chinese Outward FDI?” Journal of World Business 47 (1): 26–34.
  • Levinsohn, J., and A. Petrin. 2003. “Estimating Production Functions Using Inputs to Control for Unobservables.” Review of Economic Studies 70 (2): 317–341.
  • Lewbel, A. 2012. “Using Heteroscedasticity to Identify and Estimate Mismeasured and Endogenous Regressor Models.” Journal of Business & Economic Statistics 30 (1): 67–80.
  • Liu, H. Y., and I. Deseatnicov. 2016. “Exchange Rate and Chinese Outward FDI.” Applied Economics 48 (51): 4961–4976.
  • Lu, Y., Z. Tao, and L. Zhu. 2017. “Identifying FDI Spillovers.” Journal of International Economics 107: 75–90.
  • Osinubi T. S., and L. A. Amaghionyeodiwe. 2009. “Foreign Direct Investment and Exchange Rate Volatility in Nigeria.” International Journal of Applied Econometrics and Quantitative Studies 6 (2): 83–116.
  • Pham, T. H. H. 2012. “Temporal Causality and the Dynamics of Foreign Direct Investment and Trade in Vietnam.” The Journal of International Trade & Economic Development 21 (1): 83–113.
  • Ruiz, I., and S. Pozo. 2008. “Exchange Rates and US Direct Investment Into Latin America.” Journal of International Trade and Economic Development 17 (3): 411–438.
  • Tian, W., and M. Yu. 2017. “Exchange Rate, Trade Service and Outward Foreign Direct Investment of China.” World Economy 40 (11): 23–46.
  • Tian, W., and M. Yu. 2020. “Distribution, Outward FDI, and Productivity Heterogeneity, China and Cross-Countries’ Evidence.” Journal of International Financial Markets, Institutions and Money 67: 101218.
  • Tolentino, P. E. 2010. “Home Country Macroeconomic Factors and Outward FDI of China and India.” Journal of International Management 16 (2): 102–120.
  • Waldkirch, A. 2003. “The ‘New Regionalism’ and Foreign Direct Investment: The Case of Mexico.” The Journal of International Trade & Economic Development 12 (2): 151–184.
  • Xing, Y., and G. Wan. 2006. “Exchange Rates and Competition for FDI in Asia.” The World Economy 29 (4): 419–434.
  • Xu, J., Q. Mao, and J. Tong. 2016. “The Impact of Exchange Rate Movements on Multi-Product Firms’ Export Performance, Evidence from China.” China Economic Review 39: 46–62.
  • Yeaple, S. R. 2009. “Firm Heterogeneity and the Structure of U.S. Multinational Activity.” Journal of International Economics 78 (2): 206–215.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.