The “euro effect” and outward foreign direct investment

The “euro effect” is an important phenomenon in the debate on monetary integration results in Europe. While in the existing literature the impact of the euro adoption is usually studied on trade data, the main goal of the paper is to examine whether the “euro effect” can be detected in Outward Forei...

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Detalhes bibliográficos
Autores: Brzozowski, Michał, Tchorek, Grzegorz
Formato: artículo
Fecha de publicación:2017
País:España
Recursos:Universidad de Huelva (UHU)
Repositorio:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Idioma:inglés
OAI Identifier:oai:ariasmontano.uhu.es:10272/13730
Acesso em linha:http://hdl.handle.net/10272/13730
Access Level:acceso abierto
Palavra-chave:Euro effect
Foreign direct investment
Gravity equation
Efecto euro
Inversiones extranjeras directas salientes
Modelo gravitacional
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spelling The “euro effect” and outward foreign direct investmentEl &quotefecto euro&quoty las inversiones extranjeras directas salientesBrzozowski, MichałTchorek, GrzegorzEuro effectForeign direct investmentGravity equationEfecto euroInversiones extranjeras directas salientesModelo gravitacionalThe “euro effect” is an important phenomenon in the debate on monetary integration results in Europe. While in the existing literature the impact of the euro adoption is usually studied on trade data, the main goal of the paper is to examine whether the “euro effect” can be detected in Outward Foreign Direct Investment flows from the OECD countries. Using the difference-in-differences method and the gravity equation corrected for the sample selection and firm-heterogeneity biases, we investigate the trends of the strength of the impact of the euro over the 1985-2012 period. Our results suggest that the influence is positive, is not time invariant and does not display a clear trend. It was the strongest in the years 2003-2005 and 2010-2011. The impact faded in the years 2006-2007, and the euro was insignificant shortly after its introduction and during the global financial crisis.Universidad de Huelva20172017-01-0120172017-01-01journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10272/13730reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelvainstname:Universidad de Huelva (UHU)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-SinDerivadas 3.0 Españahttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:ariasmontano.uhu.es:10272/137302026-06-02T14:58:11Z
dc.title.none.fl_str_mv The “euro effect” and outward foreign direct investment
El &quot
efecto euro&quot
y las inversiones extranjeras directas salientes
title The “euro effect” and outward foreign direct investment
spellingShingle The “euro effect” and outward foreign direct investment
Brzozowski, Michał
Euro effect
Foreign direct investment
Gravity equation
Efecto euro
Inversiones extranjeras directas salientes
Modelo gravitacional
title_short The “euro effect” and outward foreign direct investment
title_full The “euro effect” and outward foreign direct investment
title_fullStr The “euro effect” and outward foreign direct investment
title_full_unstemmed The “euro effect” and outward foreign direct investment
title_sort The “euro effect” and outward foreign direct investment
dc.creator.none.fl_str_mv Brzozowski, Michał
Tchorek, Grzegorz
author Brzozowski, Michał
author_facet Brzozowski, Michał
Tchorek, Grzegorz
author_role author
author2 Tchorek, Grzegorz
author2_role author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv Euro effect
Foreign direct investment
Gravity equation
Efecto euro
Inversiones extranjeras directas salientes
Modelo gravitacional
topic Euro effect
Foreign direct investment
Gravity equation
Efecto euro
Inversiones extranjeras directas salientes
Modelo gravitacional
description The “euro effect” is an important phenomenon in the debate on monetary integration results in Europe. While in the existing literature the impact of the euro adoption is usually studied on trade data, the main goal of the paper is to examine whether the “euro effect” can be detected in Outward Foreign Direct Investment flows from the OECD countries. Using the difference-in-differences method and the gravity equation corrected for the sample selection and firm-heterogeneity biases, we investigate the trends of the strength of the impact of the euro over the 1985-2012 period. Our results suggest that the influence is positive, is not time invariant and does not display a clear trend. It was the strongest in the years 2003-2005 and 2010-2011. The impact faded in the years 2006-2007, and the euro was insignificant shortly after its introduction and during the global financial crisis.
publishDate 2017
dc.date.none.fl_str_mv 2017
2017-01-01
2017
2017-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10272/13730
url http://hdl.handle.net/10272/13730
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de Huelva
publisher.none.fl_str_mv Universidad de Huelva
dc.source.none.fl_str_mv reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelva
instname:Universidad de Huelva (UHU)
instname_str Universidad de Huelva (UHU)
reponame_str Arias Montano. Repositorio Institucional de la Universidad de Huelva
collection Arias Montano. Repositorio Institucional de la Universidad de Huelva
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869403119422537728
score 15.811543

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