Skip to main content
Log in

Determinants of foreign direct investment: A survey

  • Literatur
  • Published:
Weltwirtschaftliches Archiv Aims and scope Submit manuscript

This is a preview of subscription content, log in via an institution to check access.

Access this article

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

References

  • Adam, J. D. R., andJohn, Whalley,The International Taxation of Multinational Enterprises in Developed Countries. London, 1977.

  • Agarwal, Jamuna P., “Factor Proportions in Foreign and Domestic Firms in Indian Manufacturing”.The Economic Journal, Vol. 86, Cambridge, 1976, pp. 589–594.

    Article  Google Scholar 

  • Agarwal, Jamuna P., “Zur Struktur der westdeutschen Direktinvestitionen in EntwicklungslÄndern. Einflu\ von Au\enhandelsverflechtung und relativen Lohnkosten”.Die Weltwirtschaft, Tübingen, 1978, H. 1, pp. 114–132.

    Google Scholar 

  • Agmon, Tamir, andSeev Hirsch,“Multinational Corporations and the Developing Economies: Potential Gains in a World of Imperfect Markets and Uncertainty”.Oxford Bulletin of Economics and Statistics, Vol. 41, Oxford, 1979, pp. 333–344.

    Article  Google Scholar 

  • Aharoni, Yair,The Foreign Investment Decision Process. Boston, 1966.

  • Ahmed, Ahmed Abdelrahman,The Determinants of Direct Investment with Special Reference to Developing Countries. Ph. D. Diss., University of Pennsylvania, Philadelphia, 1975, unpubl.

  • Alexander, S., andJ. C. Murphy,Exchange Rates and Direct International Investment. Department of Economics, Southern Methodist University, Working Paper, No. 7, Dallas, February 1975.

  • Aliber, Robert Z.,“A Theory of Direct Foreign Investment”. In: Charles P. Kindleberger (Ed.),The International Corporation. Cambridge, Mass., 1970, pp. 17–34.

  • -,“The Multinational Enterprise in a Multiple Currency World”. In: John H. Dunning (Ed.),The Multinational Enterprise. London, 1971, pp. 49–56.

  • Anderson, W. H. L.,Corporate Finance, and Fixed Investment: An Econometric Study. Division of Research, Graduate School of Business Administration, Harvard University, Boston, 1964.

    Google Scholar 

  • Andrews, M.,American Investment in Irish Industry. Senior Honours Thesis, Harvard University, Cambridge, Mass., 1972, unpubl.

  • Arpan, Jeffrey S.,“International Intracorporate Pricing: Non-American Systems and Views”.Journal of International Business Studies, Vol. 3, Atlanta, 1972, pp. 1–18.

    Google Scholar 

  • Baldwin, Robert E.,“Determinants of Trade and Foreign Investment: Further Evidence”.The Review of Economics and Statistics, Vol. 61, Amsterdam, 1979, pp. 40–48.

    Article  Google Scholar 

  • Bandera, Vladimir N., andJoseph T. White,“U.S. Direct Investments and Domestic Markets in Europe”.Economia Internazionale, Vol. 21, Genova, 1968, pp. 117–133.

    Google Scholar 

  • —, andJ. A. Lücken,“Has U. S. Capital Differentiated between EEC and EFTA ?”Kyklos, Vol. 25, Basel, 1972, pp. 306–314.

    Article  Google Scholar 

  • Barlow, E. Robert, andIra T. Wender,Foreign Investment and Taxation. Englewood Cliffs, 1955.

  • Barrett, M. E.,“Case of the Tangled Transfer Price”.Harvard Business Review, Vol. 55, Boston, May–June 1977, PP. 20–38.

    Google Scholar 

  • Basi, Raghbir S.,Determinants of United States Private Direct Investment in Foreign Countries. Kent, 1963.

  • Baumann, Hans,et al., Au\enhandel, Direktinvestitionen und Industriestruktur der deutschen Wirtschaft. Eine Untersuchung ihrer Entwicklung unter Berücksichtigung der WechselkursÄnderungen. Berlin, 1977.

  • Baumol, William J.,Business Behavior, Value and Growth. New York, 1959.

  • Behrman, Jack N.,“Foreign Associates and Their Financing”. In: Raymond F. Mikesell (Ed.),U.S. Private and Government Investment Abroad. Eugene, 1962, pp. 77–113.

  • Bennett, Peter D., andRobert T. Green,“Political Instability as a Determinant of Direct Foreign Investment in Marketing”.Journal of Marketing Research, Vol. 9, Chicago, 1972, pp. 162–186.

    Article  Google Scholar 

  • Bergsten, C. Fred, Thomas Horst, Theodore H. Moran,American Multinationals and American Interests. The Brookings Institution, Washington, 1978.

    Google Scholar 

  • Berle, Adolf A., andGardiner C. Means,The Modern Corporation and Private Property. Rev. Ed., New York, 1968 (1st Ed. 1932).

  • Bhagwati, Jagdish N.,“Fiscal Policies, the Faking of Foreign Trade Declarations, and the Balance of Payments”.Bulletin of the Oxford University Institute of Economics and Statistics, Vol. 29, Oxford, 1967, pp. 61–77.

    Google Scholar 

  • Blais, Jeffrey P.,A Theoretical and Empirical Investigation of Canadian and British Direct Foreign Investment in Manufacturing in the United States. Ph. D. Diss., University of Pittsburgh, 1975, unpubl.

  • Boatwright, B. D., andG. A. Renton,“Analysis of United Kingdom Inflows and Outflows of Direct Foreign Investment”.The Review of Economics and Statistics, Vol. 57, Cambridge, Mass., 1975, pp. 478–486.

    Article  Google Scholar 

  • Booth, E. J. R., andOscar W. Jensen,“Transfer Prices in the Global Corporation under Internal and External Constraints”.The Canadian Journal of Economics, Vol. 10, Toronto, 1977, pp. 434–446.

    Article  Google Scholar 

  • Brash, Donald T.,American Investment in Australian Industry. Canberra, 1966.

  • Buckley, Peter J., andMark Casson,The Future of the Multinational Enterprise. London, 1976.

  • -, and -,“A Theory of International Operations”. In: Michel Ghertman and James Leontiades (Eds.),European Research in International Business. Amsterdam, 1978, pp. 1–8.

  • Canadian Government,Foreign Direct Investment in Canada. (The Grey Report.) Ottawa, 1972.

  • Casson, Mark,Alternatives to the Multinational Enterprise. London, 1979.

  • Caves, Richard E.,“International Corporations: The Industrial Economics of Foreign Investment”.Economica, N.S. Vol. 38, London, 1971, pp. 1–27.

    Article  Google Scholar 

  • Chenery, Hollis B.,“Overcapacity and the Acceleration Principle”.Econometrica Vol. 20, Menasha, 1952, pp. 1–28.

    Article  Google Scholar 

  • Clark, John M.,“Toward a Concept of Workable Competition”.The American Economic Review, Vol. 30, Evanston, 1940, pp. 241–250. Repr. in:Readings in the Social Control of Industry. Philadelphia, 1947, pp. 452–475.

    Google Scholar 

  • Coase, Ronald H.,“The Nature of the Firm”.Economica, N.S. Vol. 4, London, 1937. PP. 386–405.

    Article  Google Scholar 

  • Cohen, Benjamin,Multinational Firms and Asian Exports. New Haven, 1975.

  • Cyert, Richard M., andJames G. March,A Behavioral Theory of the Firm. Englewood Cliffs, 1963.

  • Deane, Roderick S.,Foreign Investment in New Zealand Manufacturing. Wellington, 1970.

  • Donges, Juergen B.,La industrialization en España. Politicas logros, perspectivas. Barcelona, 1976.

  • -,“Foreign Investment in Portugal”. In: 2.aConferÊncia international sobre economia portuguesa, 26 a 28 de Setembro de 1979. Lisbon, 1980, pp. 253–280.

  • Duerr, Michael G.,Tax Allocations and International Business. A Research Report from the Conference Board, New York, 1972.

  • Duesenberry, James S.,Business Cycles and Economic Growth. Economic Handbook Series, New York, 1958.

  • Dunning, John H.“The Determinants of International Production”.Oxford Economic Papers, N.S., Vol. 25, Oxford, 1973, pp. 289–336.

    Google Scholar 

  • -,“Trade, Location of Economic Activity and MNE. A Search for an Eclectic Approach”. In: Bertil Ohlin, Per-O. Hesselborn, Per M. Wijkman (Eds.),The International Allocation of Economic Activity. Proceedings of a Nobel Symposium Held at Stockholm June 8–11, 1976, London, 1977.

  • —Exlaining Changing Patterns of International Production: In Defence of the Eclectic Theory”.Oxford Bulletin of Economics and Statistics, Vol. 41, Oxford, 1979. PP. 269–296.

    Article  Google Scholar 

  • Eisner, Robert, andRobert H. Strotz“Determinants of Business Investment”. In:Impacts of Monetary Policy. Commission on Money and Credit, Trade Associations Monographs, Englewood Cliffs, 1963.

  • Evans, Michael K.“A Study of Industry Investment Decisions”.The Review of Economics and Statistics, Vol. 49, Cambridge, Mass., 1967, pp. 151–164.

    Article  Google Scholar 

  • Flowers, Edward B.,Oligopolistic Reaction in European Direct Investment in the United States. Ph. D. Diss., Georgia State University, 1975, unpubl.

  • Forsyth, David J. C.,U.S. Investment in Scotland. Praeger Special Studies in International Economics and Development, New York, 1972.

  • Franko, Lawrence G.,The European Multinationals: A Renewed Challenge to American and British Big Business. London, 1976.

  • Galbraith, John K.,The New Industrial State. London, 1967.

  • Goldberg, Michael A.“Determinants of U.S. Direct Investment in the EEC: Comment”.The American Economic Review, Vol. 62, Evanston, 1972, pp. 692–699.

    Google Scholar 

  • Green, Robert T., andWilliam H. Cunningham“The Determinants of U.S. Foreign Investment: An Empirical Examination”.Management International Review, Vol. 15, Wiesbaden, 1975, Nos. 2–3, pp. 113–120.

    Google Scholar 

  • Greene, James, andMichael G. Duerr,Intercompany Transactions in the Multinational Firm: A Survey. The Conference Board in Canada, Managing International Business, No. 6, New York, 1970.

  • Grubel, Herbert G.“Internationally Diversified Portfolios. Welfare Gains and Capital Flows”.The American Economic Review, Vol. 58, Evanston, 1968, pp. 1299–1314.

    Google Scholar 

  • Gruber, William, Dileep Mehta andRaymond Vernon“The R&D Factor in International Trade and International Investment of United States Industries”.The Journal of Political Economy, Vol. 75, Chicago, 1967, pp. 20–37.

    Article  Google Scholar 

  • erler, Gottfried von,The Theory of International Trade with Its Applications to Commercial Policy. Transl. from the German by Alfred Stonier and Frederic Benham, 6th Impr., London, 1956 (1st Ed. 1933).

  • Haendel, Dan, andGerald T. West withRobert G. Meadow,Overseas Investment and Political Risk. Foreign Policy Research Institute, Monograph Series, No. 21, Lexington, 1975.

  • Halbach, Axel J.,Deutsche Direktinvestitionen in EntwicklungslÄndern unter besonderer Berücksichtigung der industriellen Verlagerung. Ergebnisse einer ReprÄsentativ — Befragung bei der deutschen Industrie. Ifo-Institut für Wirtschaftsforschung, München, 1977.

  • Hennart, Jean F. M. A.,A Theory of Foreign Direct Investment. Ph. D. diss., University of Maryland, 1977, unpubl.

  • Hirsch, Seev,Location of Industry and International Competitiveness. Oxford, 1967.

  • — An International Trade and Investment Theory of the Firm”.Oxford Economic Papers, N.S., Vol. 28, Oxford, 1976, pp. 258–270.

    Google Scholar 

  • Hoelscher, David H. S.,Investment and Capital Structure in the International Firm: Theoretical and Empirical Analysis. Ph. D. Diss., University of Pittsburgh, 1975.

  • Horst, Thomas,“The Theory of the Multinational Firm: Optimal Behavior under Different Tariff and Tax Rates”.The Journal of Political Economy, Vol. 79, Chicago, 1971, pp. 1059–1072.

    Article  Google Scholar 

  • — [1972a],“Firm and Industry Determinants of the Decision to Invest Abroad: An Empirical Study”.The Review of Economics and Statistics, Vol. 54, Cambridge, Mass., 1972, pp. 258–266.

    Article  Google Scholar 

  • — [1972 b],“The Industrial Composition of U.S. Exports and Subsidiary Sales to the Canadian Market”.The American Economic Review, Vol. 62, Evanston, 1972, PP. 37–45.

    Google Scholar 

  • Huf bauer, G. C.,Synthetic Materials and the Theory of International Trade. London, 1966.

  • -,“The Multinational Corporation and Direct Investment”. In: Peter B. Kenen (Ed.),International Trade and Finance. Cambridge, 1975, pp. 253–319.

  • Hymer, Stepben H.,The International Operations of National Firms: A Study of Direct Foreign Investment. M.I.T. Monographs in Economics, 14, Cambridge, Mass., 1976.

  • Ifo-Schnelldienst,“Warum investiert die Industrie im Ausland ? Ergebnisse einer Sonderbefragung für die Zeit nach 1972”. München, 1977, SD 3/77, pp. 5–9.

  • -,“Warum investiert die Industrie im Ausland ?” München, 1979, SD6/79, pp. 3–4.

  • Iversen, Carl,Aspects of the Theory of International Capital Movements. Copenhagen, 1935.

  • Jorgenson, Dale W.,“Capital Theory and Investment Behavior”.The American Economic Review, Vol. 53, Evanston, 1963, pp. 247–259. Repr. in:Readings in Business Cycle, Homewood, 1965, pp. 366–378.

    Google Scholar 

  • —,“Econometric Studies of Investment Behavior: A Survey”.Journal of Economic Literature, Vol. 9, Menasha, 1971, pp. 1111–1147.

    Google Scholar 

  • Jorgenson, Dale W., andCalvin D. Siebert,“A Comparison of Alternative Theories of Corporate Investment Behavior”.The American Economic Review, Vol. 58, Evanston, 1968, pp. 681–712.

    Google Scholar 

  • Juhl, Paulgeorg,“Prospects for Foreign Direct Investment in Developing Countries”. In: Herbert Giersch (Ed.),Reshaping the World Economic Order. Symposium 1976, Tübingen, 1977, pp. 173–219.

  • - [1979a],Deutsche Direktinvestitionen in Lateinamerika. Kieler Studien, 160, Tübingen, 1979.

  • — [1979b],“On the Sectoral Patterns of West German Manufacturing Investment in Less Developed Countries: The Impact of Firm Size, Factor Intensities and Protection”.Weltwirtschaftliches Archiv, Vol. 115, 1979, pp. 508–521.

    Article  Google Scholar 

  • Jungnickel, R., G. Koopmann, K. Matthies, R. Sutter,Die deutschen multinationalen Unternehmen. Der Industrialisierungsproze\ der deutschen Industrie. Frankfurt/M., 1974.

  • Kebschull, Dietrich,“Motive für deutsche Direkt-Investitionen in EntwicklungslÄndern”. In:Probleme der Arbeitsteilung zwischen Industrie- und EntwicklungslÄndern. Beihefte der Konjunkturpolitik, Berlin, 1972, H. 19, pp. 11–23.

    Google Scholar 

  • Keegan, Warren J.,“Multinational Pricing: How Far Is Arm’s Length?”Colombia Journal of World Business, Vol. 4, New York, 1969, No. 3, pp. 57–66.

    Google Scholar 

  • Kindleberger, Charles,American Business Abroad: Six Lectures on Direct Investment. New Haven, 1969.

  • Knickerbocker, Frederick T.,Oligopolistic Reaction and Multinational Enterprise. Boston, 1973.

  • Kobrin, Stephen J.,“The Environmental Determinants of Foreign Direct Manufacturing Investment: An Ex Post Empirical Analysis”.Journal of International Business Studies, Vol. 7, Newark, 1976, No. 2, pp. 29–42.

    Article  Google Scholar 

  • Kohlhagen, Steven W.,“Exchange Rate Changes, Profitability, and Direct Foreign Investment”.The Southern Economic Journal, Vol. 44, Chapel Hill, 1977, pp. 43–52.

    Article  Google Scholar 

  • Kolde, Endel J.,International Business Enterprise. Englewood Cliffs, 1968.

  • Kopits, George F. [1976a],“Intra Firm Royalties Crossing Frontiers and Transfer-Pricing Behaviour”.The Economic Journal, Vol. 86, Cambridge, 1976, pp. 791–805.

    Article  Google Scholar 

  • — [1976b], “Taxation and Multinational Firm Behaviour: A Critical Survey”. IMF,Staff Papers, Vol. 23, Washington, 1976, pp. 624–673.

    Article  Google Scholar 

  • Koyck, Leendert M.,Distributed Lags and Investment Analysis. Amsterdam, 1954.

  • Kwack, Sung Y.,“A Model of U.S. Direct Investment Abroad: A Neoclassical Approach”.Western Economic Journal, Vol. 10, Salt Lake City, 1972, pp. 373–383.

    Google Scholar 

  • Lall, Sanjaya,“Transfer Pricing by Multinational Manufacturing Firms”.Oxford Bulletin of Economics and Statistics, Vol. 35, Oxford, 1973, pp. 173–195.

    Google Scholar 

  • —,“Transfer Pricing and Developing Countries: Some Problems of Investigation”.World Development, Vol. 7, Oxford, 1979, pp. 59–71.

    Article  Google Scholar 

  • —,“Monopolistic Advantages and Foreign Involvement by U.S. Manufacturing Industry”.Oxford Economic Papers, N.S., Vol. 32, Oxford, 1980, pp. 102–122. Repr. in: Sanjaya Lall,The Multinational Corporation. Nine Essays. London, 1980, pp. 3–28.

    Google Scholar 

  • Lall, Sanjaya, andPaul Streeten,Foreign Investment, Transnational and Developing Countries. London, 1977.

  • Lee, C. H.,“A Stock-Adjustment Analysis of Capital Movements: The United States-Canadian Case”.The Journal of Political Economy, Vol. 77, Chicago, 1969, pp. 512–523.

    Article  Google Scholar 

  • Levis, Mario,“Does Political Instability in Developing Countries Affect Foreign Investment Flow ? An Empirical Examination”.Management International Review, Vol. 19, Wiesbaden, 1979, No. 3, pp. 59–68.

    Google Scholar 

  • Levy, Haim, andMarshall Sarnat,“International Diversification of Investment Portfolios”.The American Economic Review, Vol. 60, Evanston, 1970, pp. 668–675.

    Google Scholar 

  • Logue, Dennis E., andThomas D. Willet,“The Effects of Exchange Rate Adjustment on International Investment”. In: Peter B. Clark, Dennis E. Logue, Richard J. Sweeney (Eds.),The Effects of Exchange Rate Adjustments. Washington, 1977, PP. I37–150.

  • Markowitz, Harry M.,Portfolio Selection. Efficient Diversification of Investments. New York, 1959.

  • Marris, Robin,The Economic Theory of “Managerial”Capitalism. London, 1964.

  • McManus, John C.,“The Theory of the International Firm”. In: Gilles Pacquet (Ed.),The Multinational Firm and the Nation State. Galt, 1972.

  • Meyer, John R., andEdwin Kuh,The Investment Decision. An Empirical Study. Cambridge, Mass., 1957.

  • —, andRobert R. Glauber,Investment Decisions, Economic Forecasting, and Public Policy. Division of Research, Graduate School of Business Administration, Harvard University, Boston, 1964.

    Google Scholar 

  • Miller, Norman C., andMarina V. N. Whitman,“A Mean-Variance Analysis of United States Long-Term Portfolio Foreign Investment”.The Quarterly Journal of Economics, Vol 84, Cambridge, Mass., 1970, pp. 175–196.

    Article  Google Scholar 

  • Modigliani, Franco, andMerton H. Miller,“The Cost of Capital, Corporation Finance and the Theory of Investment”.The American Economic Review, Vol. 48, Evanston, 1958, pp. 261–297.

    Google Scholar 

  • —, and —,“Corporate Income Taxes and the Cost of Capital: A Correction”.Ibid., Vol. 53, 1963, pp. 433–443.

    Google Scholar 

  • The Monopolies Commission,Chlordiazepoxide and Diazepam. Her Majesty’s Stationary Office, London, 1973.

    Google Scholar 

  • Moose, J.,U.S. Direct Investment Abroad in Manufacturing and Petroleum: A Recursive Model. Ph. D. Diss., Harvard University, Cambridge, Mass., 1968, unpubl.

  • Morley, S.A.,American Corporate Investment Abroad since 1919. Ph. D. Diss., University of California, Berkeley, 1966, unpubl.

  • Musgrave, Peggy B.,“International Tax Base Division and the Multinational Corporation”.Public Finance, Vol. 27, The Hague, 1972, pp. 394–413.

    Google Scholar 

  • Nurkse, Ragnar,Internationale Kapitalbewegungen. Wien, 1935.

  • -,Problems of Capital Formation in Underdeveloped Countries. 10th Impr. Oxford, 1966 (1st Ed. 1953).

  • OECD (Organisation for Economic Co-operation and Development),Transfer Pricing and Multinational Enterprises. Paris, 1979.

  • Ohlin, Bertil,Interregional and International Trade. Cambridge, Mass., 1933.

  • Olivier, D. A.,“I. R. C. 482 and Intercompany Pricing: A Post 1968 Overview for the International Practitioner”.Texas International Law Journal, Spring 1973, pp. 219–245.

  • Orr, Dale,“The Industrial Composition of U.S. Exports and Subsidiary Sales to the Canadian Market: Comment”.The American Economic Review, Vol. 65, Menasha, 1975. PP. 230–234.

    Google Scholar 

  • Parker, J. E. S.,The Economics of Innovation: The National and Multinational Enterprise in Technological Change. 2nd Ed., London, 1978.

  • Parry, Thomas G.,“The Product Cycle and International Production: U. K. Pharmaceuticals”.The Journal of Industrial Economics, Vol. 24, Oxford, 1975, pp. 21–28.

    Article  Google Scholar 

  • Penrose, Edith T.,“Foreign Investment and the Growth of the Firm”.The Economic Journal, Vol. 66, London, 1956, pp. 220–235.

    Article  Google Scholar 

  • Piper, James R.,“How U.S. Firms Evaluate Foreign Investment Opportunities”.MSU Business Topics, Vol. 19, East Lansing, 1971, pp. 11–20.

    Google Scholar 

  • Polk, Judd, Irene W. Meister andLawrence A. Veit,U.S. Production Abroad and the Balance of Payments: A Survey of Corporate Investment Experience. National Industrial Conference Board, Special Study, New York, 1966.

  • Popkin, J.,Interfirm Differences in Direct Investment Behavior of U.S. Manufactures. Ph. D. Diss., University of Pennsylvania, 1965, unpubl.

  • Posner, Michael V.,“International Trade and Technical Change”.Oxford Economic Papers, N.S., Vol. 13, Oxford, 1961, pp. 323–341.

    Google Scholar 

  • Prachowny, Martin F. J.,“Direct Investment and the Balance of Payments of the United States: A Portfolio Approach”. In: Fritz Machlup, Walter S. Salant, Lori Tashis (Eds.),International Mobility and Movements of Capital. New York, 1972, PP. 443–464.

  • Ragazzi, Giorgio,“Theories of the Determinants of Direct Foreign Investment”. IMF,Staff Papers, Vol. 20, Washington, 1973, pp. 471–498.

    Article  Google Scholar 

  • Reuber, Grant, H. Crokellel, M. Emersen andG. Gallias-Hamono,Private Foreign Investment in Development. Development Centre of the OECD, Oxford, 1973.

  • Richardson, J. David [1971a],“On ‘Going Abroad’: The Firms Initial Foreign Investment Decision”.The Quarterly Review of Economics and Business, Vol. 11, Urbana, 1971, No. 4, pp. 7–22.

    Google Scholar 

  • — [1971 b],“Theoretical Considerations in the Analysis of Foreign Direct Investment”.Western Economic Journal, Vol. 9, Salt Lake City, 1971, pp. 87–98.

    Google Scholar 

  • Riedel, James,“The Nature and Determinants of Export-Oriented Direct Foreign Investment in a Developing Country: A Case Study of Taiwan”.Weltwirtschaftliches Archiv, Vol. III, 1975, pp. 505–528.

    Google Scholar 

  • Robbins, Sidney M., andRobert B. Stobaugh,Money in the Multinational Enterprise: A Study of Financial Policy. New York, 1974.

  • Robinson, Harry J.,The Motivation andFlow of Private Foreign Investment. Stanford Research Institute, Menlo Park, 1961.

    Google Scholar 

  • Rock, Michael T.,Cross-Country Analysis of the Determinants of U.S. Direct Foreign Investment in Manufacturing in Less Developed Countries. Ph. D. Diss., University of Pittsburgh, 1973, unpubl.

  • Roemer, John E.,U.S.-Japanese Competition in International Markets: A Study of the Trade-Investment Cycle in Modern Capitalism. University of California, Institute of International Studies, Research Series, No. 22, Berkeley, 1975.

  • Root, Franklin,International Trade and Investment. 4th Ed. Cincinnati, 1978.

  • —, andAhmed A. Ahmed,“Empirical Determinants of Manufacturing Direct Foreign Investment in Developing Countries”.Economic Development and Cultural Change, Vol. 27, Chicago, 1979, pp. 751–767.

    Article  Google Scholar 

  • Ross, dStanford G., andJohn B. Christensen,Tax Incentives for Industry in Mexico. Cambridge, Mass., 1959.

  • Rugman, Alan M.,“Risk, Direct Investment and International Diversification”.Weltwirtschaftliches Archiv, Vol. 113, 1977, pp. 487–500.

    Article  Google Scholar 

  • -,International Diversification and the Multinational Enterprise. Lexington, 1979.

  • —,“Internalization as a General Theory of Foreign Direct Investment: A ReAppraisal of the Literature”.Weltwirtschaftliches Archiv, Vol. 116, 1980, pp. 365 to 379.

    Article  Google Scholar 

  • Sabirin, R. A.,American Foreign Investment in the European Common Market: Determinants and Consequences of Direct Foreign Investment in Manufacturing by U.S. Ph. D. Diss., Claremont Graduate School, 1977, unpubl.

  • Sachchamarga, Sukrita,The Effect of Exchange Rate Changes on Direct International Investment. Ph. D. Diss., Southern Methodist University, 1978, unpubl.

  • Safarian, A. E.,The Performance of Foreign-Owned Firms in Canada. Canadian-American Committee Sponsored by National Planning Association, U.S.A., and Private Planning Association of Canada, Montreal, 1969.

  • Scaperlanda, Anthony E.,Trends, Composition and Determinants of United States Direct Investment in Canada. U.S. Department of Commerce, Office of Foreign Direct Investments, Washington, 1974.

  • —, andLawrence J. Mauer,“The Determinants of U.S. Direct investment in the EEC”.The American Economic Review, Vol. 59, Evanston, 1969, pp. 558–568.

    Google Scholar 

  • Scherer, Frederic M.,“Market Structure and the Employment of Scientists and Engineers”.The American Economic Review, Vol. 57, Evanston, 1967, pp. 524–531.

    Google Scholar 

  • —,“Market Structure and the Stability of Investment”.Ibid., Vol. 59, 1969,Papers and Proceedings, pp. 72–79.

    Google Scholar 

  • Schmitz, Andrew, andJurg Bieri,“EEC Tariffs and U.S. Direct Investment”.European Economic Review, Vol. 3, Amsterdam, 1972, pp. 259–270.

    Article  Google Scholar 

  • Schwartz, Rebecca H.,The Determinants of U.S. Direct Investment Abroad. Ph. D. Diss., Texas Technical University, 1976, unpubl.

  • Severn, Alan K.,“Investment and Financial Behavior of American Direct Investors in Manufacturing”. In: Fritz Machlup, Walter S. Salant, Lori Tarshis (Eds.),International Mobility and Movement of Capital. New York, 1972, pp. 367–396.

  • Simon, Herbert A.,“Theories of Decision Making in Economics and Behavioural Science”.The American Economic Review, Vol. 49, Evanston, 1959, pp. 253–283. Repr. in:Surveys of Economic Theory. Vol. 3:Resource Allocation. New York, 1966, pp. 1–28.

    Google Scholar 

  • Situmeang, Baginda J.,The Environmental Correlates of Foreign Direct Investment with Reference to Southeast Asia. Ph. D. Diss., University of Oregon, 1978, unpubl.

  • Solomon, Lewis D.,Multinational Corporations and the Emerging World Order. Port Washington, 1978.

  • SpitÄller, Erich,“A Survey of Recent Quantitative Studies of Long-Term Capital Movements”. IMF,Staff Papers, Vol. 18, Washington, 1971, pp. 189–220.

    Article  Google Scholar 

  • Stevens, Guy V. G. [1969a],“Fixed Investment Expenditure of Foreign Manufacturing Affiliates of U.S. Firms: Theoretical Models and Empirical Evidence”.Yale Economic Essays, Vol. 9, New Haven, 1969, pp. 137–200.

    Google Scholar 

  • - [1969b], U.S. Direct Manufacturing Investment to Latin America: Some Economic and Political Determinants (AID Research Paper), 1969.

  • -,“Capital Mobility and International Firm”. In: Fritz Machlup, Walter S. Salant, Lori Tarshis (Eds.),International Mobility and Movement of Capital. New York, 1972, pp. 323–353.

  • -,“The Determinants of Investment”. In: John H. Dunning (Ed.),Economic Analysis and the Multinational Enterprise. London, 1974, pp. 47–88.

  • Stobaugh, Robert B.,“Financing Foreign Subsidiaries of U.S.-Controlled Multinational Enterprises”. Journal of International Business Studies, Vol. 1, Atlanta, 1970, pp. 43–64.

    Article  Google Scholar 

  • Swansbrough, Robert H.,“The American Investor’s View of Latin American Economic Nationalism”.Inter-American Economic Affairs, Vol. 26, Washington, 1972, No. 3, pp. 61–82.

    Google Scholar 

  • Takahashi, Akira,Some Short-Run Aspects of Direct Foreign Investment. Ph. D. Diss., University of Pittsburgh, 1975, unpubl.

  • Thunell, Lars H.,Political Risks in International Business: Investment Behavior of Multinational Corporations. New York, 1977.

  • Tobin, James,“Liquidity Preferences as Behavior Towards Risk”.The Review of Economic Studies, Vol. 25, Cambridge, 1958, No. 2, pp. 65–86.

    Article  Google Scholar 

  • Tugendhat, Christopher,The Multinationals. London, 1971.

  • UNCTAD (United Nations Conference on Trade and Development) [1978 a],Dominant Positions of Market Power of Transnational Corporations: Use of the Transfer Pricing Mechanism. TD/B/C.2/167, New York, 1978.

  • - [1978 b],Intra-Firm Transactions and Their Impact on Trade and Development. OSG/174, Geneva, 1978.

  • UN (United Nations),International Capital Movements during the Inter-War Period. New York, 1949.

  • U. S. Department of Commerce,Factors Limiting U. S. Investment Abroad. Part 2:Business Views on the U.S. Government’s Role. Washington, 1954.

  • U. S. National Industrial Conference Board,Obstacles and Incentives to Private Investment, 1967-1968. Vol. 1: Obstacles. Studies in Business Policy, No. 130, New York, 1969.

  • U. S. Tariff Commission,Implications of Multinational Firms for World Trade and Investment and for U. S. Trade and Labor. Washington, 1973.

  • Vaitsos, Constantine V. [1974a],“Income Distribution and Welfare Considerations”. In: John H. Dunning (Ed.),Economic Analysis and the Multinational Enterprise. London, 1974, pp. 300–341.

  • - [1974b],Intercountry Income Distribution and Transnational Enterprises. Oxford,1974.

  • Vaupel, James W.,Characteristics and Motivations of the U. S. Corporations which Manufacture Abroad. Paper Presented to the Meeting of Participating Members of the Atlantic Institute, Paris, June 1971.

  • -, andJoan P. Curhan,The Making of Multinational Enterprise. A Sourcebook of Tables Based on a Study of 187 Major U. S. Manufacturing Corporations. Boston, 1969.

  • Vernon, Raymond, “International Investment and International Trade in the Product Cycle”.The Quarterly Journal of Economics, Vol. 80, Cambridge, Mass., 1966, pp. 190–207.

    Article  Google Scholar 

  • -, Sovereignty at Bay: The Multinational Spread of U.S. Enterprises. New York, 1971.

  • -, “United States Enterprise in the Less Developed Countries: Evaluation of Cost and Benefit”. In: Gustav Ranis (Ed.),The Gap between Rich and Poor Nations. London, 1972, pp. 215–228.

  • — [1974a],“Competition Policy Toward Multinational Corporations”.The American Economic Review, Vol. 64, Menasha, 1974,Papers and Proceedings, pp. 276–282.

    Google Scholar 

  • - [1974b],“The Location of Economic Activity”. In: John H. Dunning (Ed.),Economic Analysis and the Multinational Enterprise. London, 1974, pp. 89–114.

  • —, “The Product Cycle Hypothesis in a New International Environment”.Oxford Bulletin of Economics and Statistics, Vol. 41, Oxford, 1979, pp. 255–267.

    Article  Google Scholar 

  • Walia, Tirlochan S.,An Empirical Evaluation of Selected Theories of Foreign Direct Investment by U.S. Based Multinational Corporations. Ph. D. Diss., New York University, Graduate School of Business Administration, 1976, unpubl.

    Google Scholar 

  • Weintraub, Robert,“Studio empirico sulle relazioni di lungo andare tra movimenti di capitali e rendimenti differenziali”.Rivista Internazionale di Scienze Econotniche e Commerciali, Vol. 14, Milano, 1967, pp. 401–415.

    Google Scholar 

  • Wilkins, Mira,“TheEmergence of Multinational Enterprise: American Business Abroad from the Colonial Era to 1914. Cambridge, Mass., 1970.

  • -,The Maturing of Multinational Enterprise: American Business Abroad 1914–1970. Cambridge, Mass., 1974.

  • Wolf, Bernhard M.,“Industrial Diversification and Internationalization: Some Empirical Evidence”. The Journal of Industrial Economics, Vol. 26, Oxford, 1977, pp. 177–191.

    Article  Google Scholar 

Download references

Authors

About this article

Cite this article

Agarwal, J.P. Determinants of foreign direct investment: A survey. Weltwirtschaftliches Archiv 116, 739–773 (1980). https://doi.org/10.1007/BF02696547

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1007/BF02696547

Navigation