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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w22336 |
来源ID | Working Paper 22336 |
Does Partisan Conflict Deter FDI Inflows to the US? | |
Marina Azzimonti | |
发表日期 | 2016-06-13 |
出版年 | 2016 |
语种 | 英语 |
摘要 | I analyze how partisan conflict about trade policy affects foreign direct investment flows to the US using a novel indicator, the Trade Partisan Conflict Index (TPCI). Partisan conflict is relevant for the evolution of cross-border capital flows because the expected returns on investment projects are less predictable when the timing, size, and composition of trade policy is uncertain. The trade partisan conflict index tracks the evolution of political disagreement among policymakers on topics such as tariffs, subsidies, and trade agreements as reported by the media. Using data from 1985 to 2016, I show that an innovation of the PCI is associated with a significant decline in FDI flows to the US. The effect is also present when disaggregated (annual) data from a panel of parent countries is considered instead. |
主题 | Macroeconomics ; Fiscal Policy ; International Economics ; International Factor Mobility ; International Finance ; Public Economics ; Taxation |
URL | https://www.nber.org/papers/w22336 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580009 |
推荐引用方式 GB/T 7714 | Marina Azzimonti. Does Partisan Conflict Deter FDI Inflows to the US?. 2016. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w22336.pdf(831KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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