The Effects on American Foreign Direct Investment in the United Kingdom from not Adopting the Euro

21 Pages Posted: 14 Mar 2011

Abstract

The decision of the United Kingdom not to adopt the common European currency can be understood as a policy intervention in a single country within the European Union. The aim of this article is to analyse the consequences of this decision on the foreign direct investment received by this country. This is done by the application of a synthetic control method designed for policy evaluation. As a result, evidence of a significant cost in terms of inward foreign direct investment from the United States is obtained.

Suggested Citation

Sanso-Navarro, Marcos, The Effects on American Foreign Direct Investment in the United Kingdom from not Adopting the Euro. JCMS: Journal of Common Market Studies, Vol. 49, No. 2, pp. 463-483, 2011. Available at SSRN: https://ssrn.com/abstract=1782446 or http://dx.doi.org/10.1111/j.1468-5965.2010.02124.x

Marcos Sanso-Navarro (Contact Author)

Universidad de Zaragoza ( email )

Facultad de Economía y Empresa
Departamento de Análisis Económico
Zaragoza, 50005
Spain
+34 876 554 629 (Phone)

HOME PAGE: http://personal.unizar.es/marcossn

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