International business cycle co-movement: the role of FDI
International business cycle co-movement: the role of FDI
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国际经济周期联动：FDI 的作用
DOI：
10.1080/00036846.2013.844327
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发表时间：
2014
影响因子：
2.2
通讯作者：
A. Stokman
中科院分区：
文献类型：
--
作者：
W. Jos Jansen;A. Stokman
本文研究了1982 - 2011年8个工业化国家FDI与经济周期同步性的关系。我们发现，在1995年至2011年期间，更同步的商业周期与更强的FDI关系相关，但在1995年之前则不然。更密集的外国直接投资联系也与更容易受到国外滞后产出溢出效应的影响有关。我们的研究结果表明，外国直接投资已经成为经济体相互影响的一个单独渠道，外国直接投资存量现在是经济相互依存的一个重要方面。
This article investigates the relationship between FDI and business cycle synchronization in the period 1982 to 2011 for eight industrialized countries. We find that more synchronized business cycles are associated with stronger FDI relations in the period 1995 to 2011, but not before 1995. More intensive FDI links are also associated with a greater vulnerability to lagged output spillovers from abroad. Our findings suggest that FDI has become a separate channel through which economies may affect each other and that FDI stocks are now an essential aspect of economic interdependence.