CHANGING DETERMINANTS OF JAPANESE FOREIGN-INVESTMENT IN THE UNITED-STATES

被引：31

作者：

DRAKE, TA ^{[1
]}

CAVES, RE ^{[1
]}

机构：

[1] HARVARD UNIV,DEPT ECON,CAMBRIDGE,MA 02138

来源：

JOURNAL OF THE JAPANESE AND INTERNATIONAL ECONOMIES | 1992年 / 6卷 / 03期

关键词：

D O I：

10.1016/0889-1583(92)90022-V

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Japan's changing share of new foreign investments in the United States is analyzed in a panel data set (1975-1986) to obtain the following conclusions: (1) Japanese R&D spending exerts an increasingly positive effect on the country's foreign investment; (2) in the 1980s Japan's share became positively related to advertising intensity; (3) foreign investment follows upon Japan's export successes and is increased by U.S. trade restrictions; and (4) foreign investment behaves as arbitrage in response to movements in real effective exchange rates. © 1992.

引用

页码：228 / 246

页数：19

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