英文文献:Determinants Of U.S. Foreign Direct Investments In Food Processing Industry: Evidence From Developed And Developing Countries-美国食品加工业外商直接投资的决定因素:来自发达国家和发展中国家的证据
英文文献作者:Makki, Shiva S.,Somwaru, Agapi,Bolling, H. Christine
英文文献摘要:
This paper analyzes the determinants of foreign direct investments by the U.S. food processing industry in developed and developing countries. We find that market size, per capita income, openness of the economy, inflation rate, and exchange rate significantly affect U.S. food processing firms' decisions to invest abroad, but their influence differs between developed and developing countries. Per capita income, which is an indicator of economic development, is positively associated with FDI in developing countries, but negatively associated with FDI in developed countries. Foreign affiliate sales and exports are generally found to be substitutes in developed countries and complements in developing countries.
本文分析了美国食品加工业在发达国家和发展中国家直接投资的决定因素。我们发现,市场规模、人均收入、经济开放度、通货膨胀率和汇率显著影响美国食品加工企业的海外投资决策,但发达国家和发展中国家的影响不同。人均收入作为经济发展的指标,与发展中国家的外国直接投资呈正相关,与发达国家的外国直接投资呈负相关。国外附属销售和出口在发达国家通常是替代品,在发展中国家则是补充。