Exchange rate movements and foreign direct investment (FDI): Japanese investment in Asia, 1987–2008

Aizenman, 2004, The merits of horizontal versus vertical FDI in the presence of uncertainty, Journal of International Economics, 62, 125, 10.1016/j.jinteco.2003.08.003 Athukorala, 2003, Foreign direct investment in crisis and recovery: lessons from the 1997–98 Asian crisis, Australian Economic History Review, 43, 197, 10.1111/1467-8446.t01-1-00051 Ball, 1995, Relative price changes as aggregate supply shocks, Quarterly Journal of Economics, 110, 161, 10.2307/2118514 Banga, 2006, The export-diversifying impact of Japanese and US foreign direct investments in the Indian manufacturing sector, Journal of International Business Studies, 37, 558, 10.1057/palgrave.jibs.8400207 Bayoumi, 1998, Japanese foreign direct investment and regional trade, Journal of Asian Economics, 9, 581, 10.1016/S1049-0078(98)90064-1 Blonigen, 1997, Firm-specific assets and the link between exchange rates and foreign direct investment, American Economic Review, 87, 447 Buch, 2008, Exchange rates and FDI: goods versus capital markets frictions, The World Economy, 31, 1185, 10.1111/j.1467-9701.2008.01124.x Campa, 1993, Entry by foreign firms in the United States under exchange rate uncertainty, Review of Economics and Statistics, 75, 614, 10.2307/2110014 Chakrabarti, 2002, Exchange rate expectations and foreign direct investment flows, Weltwirtschaftliches Archiv, 138, 1, 10.1007/BF02707321 Chen, 2006, The impact of exchange rate movements on foreign direct investment: market-oriented versus cost-oriented, The Developing Economies, 44, 269, 10.1111/j.1746-1049.2006.00017.x Cushman, 1985, Real exchange rate risk, expectations, and the level of direct investment, Review of Economics and Statistics, 67, 297, 10.2307/1924729 Cushman, 1988, Exchange-rate uncertainty and foreign direct investment in the United States, Review of World Economics, 124, 322 Crowley, 2003, Exchange rate volatility and foreign investment: international evidence, The International Trade Journal, 17, 27, 10.1080/08853900390222171 Dewenter, 1995, Do exchange rate changes drive foreign direct investment?, Journal of Business, 68, 405, 10.1086/296670 Dixit, 1989, Entry and exit decisions under uncertainty, Journal of Political Economy, 97, 620, 10.1086/261619 Dixit, 1994 Dunning, 1993 Edwards, S., 1992. Capital flows, foreign direct investment, and debt—equity swaps in developing countries. Working paper No. 3497, National Bureau of Economic Research. Frankel, 1987, Using survey data to test standard propositions regarding exchange rate expectations, American Economic Review, 77, 133 Froot, 1991, Exchange rates and foreign direct investment: an imperfect capital markets approach, Quarterly Journal of Economics, 106, 1191, 10.2307/2937961 Goldberg, 1998, Foreign direct investment, trade and real exchange rate linkages in developing countries, 73 Goldberg, 1995, Foreign direct investment, exchange rate variability, and demand uncertainty, International Economic Review, 36, 855, 10.2307/2527262 Harris, 1991, The role of acquisitions in foreign direct investment: evidence from the U.S. stock market, Journal of Finance, 46, 825, 10.2307/2328544 Healy, 1993, International equity acquisitions: who, where and why?, 231 Helpman, 1984, A simple theory of international trade with multinational corporations, Journal of Political Economy, 92, 451, 10.1086/261236 Hsiao, 2004, The chaotic attractor of foreign direct investment—why China? A panel data analysis, Journal of Asian Economics, 15, 641, 10.1016/j.asieco.2004.05.013 International Monetary Fund (IMF) 2011, Annual Report on Exchange Arrangements and Exchange Restrictions, annual issues. Itagaki, 1981, The theory of the multinational firm under exchange rate uncertainty, Canadian Journal of Economics, 14, 276, 10.2307/134798 Jongen, 2008, Foreign exchange rate expectations: survey and synthesis, Journal of Economic Surveys, 22, 140, 10.1111/j.1467-6419.2007.00523.x Kiyota, 2004, Exchange rate, exchange rate volatility and foreign direct investment, The World Economy, 27, 1501, 10.1111/j.1467-9701.2004.00664.x Klein, 1994, The real exchange rate and foreign direct investment in the United States: relative wealth versus relative wage effects, Journal of International Economics, 36, 373, 10.1016/0022-1996(94)90009-4 Kohlhagen, 1977, Exchange rates, profitability, and direct foreign investment, Southern Economic Journal, 68, 43, 10.2307/1057298 Kravis, 1982, The location of overseas production and production for export by U.S. multinational firms, Journal of International Economics, 12, 201, 10.1016/0022-1996(82)90036-8 McCulloch, 1989, Japanese investment in the United States, 171 Pain, 2003, Untying the Gordian knot: the multiple links between exchange rates and foreign direct investment, Journal of Common Market Studies, 41, 823, 10.1111/j.1468-5965.2003.00465.x Pak, 2005, Characteristics of Japanese FDI in the East and the West: understanding the strategic motives of Japanese investment, Journal of World Business, 40, 254, 10.1016/j.jwb.2005.05.003 Rogoff, 1996, The purchasing power parity puzzle, Journal of Economic Literature, 34, 647 Stevens, 1998, Exchange rates and foreign direct investment: a note, Journal of Policy Modeling, 20, 393, 10.1016/S0161-8938(97)00007-0 Takagi, 1991, Exchange rate expectations: a survey of survey studies, International Monetary Fund Staff Papers, 38, 156, 10.2307/3867039 Udomkerdmongkol, 2009, Exchange rates and outward foreign direct investment: US FDI in emerging economies, Review of Development Economics, 13, 754, 10.1111/j.1467-9361.2009.00514.x Urata, S., 2002. Japanese foreign direct investment in East Asia with particular focus on ASEAN4. Unpublished, Waseda University. Xing, 2008, Reverse imports, foreign direct investment and exchange rates, Japan and the World Economy, 20, 275, 10.1016/j.japwor.2006.11.004