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The location and characteristics of U.S. affiliates in Asia

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  • The location and characteristics of U.S. affiliates in Asia
  • Lipsey, Robert E.
  • National Bureau of Economic Research


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Title The location and characteristics of U.S. affiliates in Asia
Similar Titles
Material Type Reports
Author(English)

Lipsey, Robert E.

Publisher

Cambridge:National Bureau of Economic Research

Date 1999-01
Series Title; No NBER Working Paper Series / 6876
Pages 36
Subject Country China(Asia and Pacific)
Hong Kong(Asia and Pacific)
Indonesia(Asia and Pacific)
India(Asia and Pacific)
Malaysia(Asia and Pacific)
Philippines(Asia and Pacific)
Singapore(Asia and Pacific)
South Korea(Asia and Pacific)
Thailand(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Direct Investment
Holding National Bureau of Economic Research

Abstract

Market size and growth rates, per capita income, distance from the United States, and tax rates on U.S. affiliates accounted for about half the variation among developing host countries in most aspects of U.S. FDI activity. Residuals from the equations for one period add greatly to the explanatory power of the next period's equations, suggesting that there are long-run characteristics of the host economies, omitted from the equations, that are favorable or unfavorable to U.S. investment and FDI activity. There are considerable differences in the determinants of U.S. FDI activity between industries in which U.S. affiliates are export-oriented, such as machinery, and industries in which the affiliates' sales are mainly local. In the export-oriented industries, market size and distance from the United States were unimportant, and high per capita real income was the most consistent favorable influence. (The rest omitted)