Determinants of German FDI: New Evidence from Micro-Data

Deutsche Bundesbank, Economic Research Centre Discussion Paper No. 09/03

41 Pages Posted: 16 Jul 2003

See all articles by Claudia M. Buch

Claudia M. Buch

Deutsche Bundesbank

Jörn Kleinert

affiliation not provided to SSRN

Farid Toubal

Ecole Normale Superieure de Cachan (ENS) - Departement of Economics ans Management; National Institute of Statistics and Economic Studies (INSEE) - Center for Research in Economics and Statistics (CREST); Centre d'Etudes Prospectives et d'Info. Internationales (CEPII)

Multiple version iconThere are 2 versions of this paper

Date Written: March 2003

Abstract

This paper provides new evidence on the foreign direct investment stocks of German firms. We use firm-level data for the years 1990-2000 to describe the regional and sectoral patterns of German FDI through gravity-type equations. We provide evidence on the patterns of FDI by sector, by size of the foreign affiliate, and by the number of affiliates per host country. While market size and geographic distance have a significant impact on FDI stocks, we also find differences in the determinants of FDI between sectors as well as between the size of foreign affiliates and the number of foreign affiliates.

Keywords: distance coefficients, gravity equations, foreign direct investment

JEL Classification: F0, F21

Suggested Citation

Buch, Claudia M. and Kleinert, Jörn and Toubal, Farid, Determinants of German FDI: New Evidence from Micro-Data (March 2003). Deutsche Bundesbank, Economic Research Centre Discussion Paper No. 09/03. Available at SSRN: https://ssrn.com/abstract=392681 or http://dx.doi.org/10.2139/ssrn.392681

Claudia M. Buch (Contact Author)

Deutsche Bundesbank ( email )

Wilhelm-Epstein-Str. 14
Frankfurt/Main, 60431
Germany

Jörn Kleinert

affiliation not provided to SSRN

Farid Toubal

Ecole Normale Superieure de Cachan (ENS) - Departement of Economics ans Management ( email )

France

National Institute of Statistics and Economic Studies (INSEE) - Center for Research in Economics and Statistics (CREST) ( email )

15 Boulevard Gabriel Peri
Malakoff Cedex, 1 92245
France

Centre d'Etudes Prospectives et d'Info. Internationales (CEPII) ( email )

9 rue Georges Pitard
Paris Cedex 15, F-75015
France

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