{"id":"https://openalex.org/W2045358347","doi":"https://doi.org/10.1080/08853900801970601","title":"Does Real Exchange Rate Volatility Affect Foreign Direct Investment? Evidence from Four Developed Economies","display_name":"Does Real Exchange Rate Volatility Affect Foreign Direct Investment? Evidence from Four Developed Economies","publication_year":2008,"publication_date":"2008-04-23","ids":{"openalex":"https://openalex.org/W2045358347","doi":"https://doi.org/10.1080/08853900801970601","mag":"2045358347"},"language":"en","primary_location":{"id":"doi:10.1080/08853900801970601","doi":"https://doi.org/10.1080/08853900801970601","is_oa":false,"landing_page_url":"https://doi.org/10.1080/08853900801970601","pdf_url":null,"source":{"id":"https://openalex.org/S88045947","display_name":"The International Trade Journal","issn_l":"0885-3908","issn":["0885-3908","1521-0545"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The International Trade Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5103951527","display_name":"Abdur Chowdhury","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I163613716","display_name":"United Nations Economic Commission for Europe","ror":"https://ror.org/038dn8481","country_code":"CH","type":"other","lineage":["https://openalex.org/I1286959531","https://openalex.org/I163613716","https://openalex.org/I2801247003"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Abdur R. Chowdhury","raw_affiliation_strings":["United Nations Economic Commission for Europe, Geneva, Switzerland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"United Nations Economic Commission for Europe, Geneva, Switzerland","institution_ids":["https://openalex.org/I163613716"]}]},{"author_position":"last","author":{"id":null,"display_name":"Mark Wheeler","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I141649380","display_name":"Western Michigan University","ror":"https://ror.org/04j198w64","country_code":"US","type":"education","lineage":["https://openalex.org/I141649380"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Mark Wheeler","raw_affiliation_strings":["Department of Economics, Western Michigan University, Kalamazoo, Michigan, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Western Michigan University, Kalamazoo, Michigan, USA","institution_ids":["https://openalex.org/I141649380"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.8335,"has_fulltext":false,"cited_by_count":53,"citation_normalized_percentile":{"value":0.92992741,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"22","issue":"2","first_page":"218","last_page":"245"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.5259000062942505,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.5259000062942505,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.1776999980211258,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.17260000109672546,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/real-exchange-rate-volatility","display_name":"real exchange rate volatility","score":0.9559999704360962},{"id":"https://openalex.org/keywords/foreign-direct-investment","display_name":"foreign direct investment","score":0.8870000243186951},{"id":"https://openalex.org/keywords/exchange-rate-uncertainty","display_name":"exchange rate uncertainty","score":0.996999979019165},{"id":"https://openalex.org/keywords/fdi-determinants","display_name":"determinants of FDI","score":0.7480000257492065},{"id":"https://openalex.org/keywords/developed-countries","display_name":"developed countries","score":0.8330000042915344},{"id":"https://openalex.org/keywords/canada","display_name":"Canada","score":0.6190000176429749},{"id":"https://openalex.org/keywords/japan","display_name":"Japan","score":1.0},{"id":"https://openalex.org/keywords/united-kingdom","display_name":"United Kingdom","score":0.996999979019165},{"id":"https://openalex.org/keywords/united-states","display_name":"United States","score":0.9710000157356262},{"id":"https://openalex.org/keywords/price-level","display_name":"price level","score":0.7279999852180481},{"id":"https://openalex.org/keywords/real-output","display_name":"real output","score":0.8209999799728394},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.8059999942779541},{"id":"https://openalex.org/keywords/policy-implications","display_name":"policy implications","score":0.44999998807907104}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7390891313552856},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.7277300357818604},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6886340379714966},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6706629991531372},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5757617950439453},{"id":"https://openalex.org/C89715816","wikidata":"https://www.wikidata.org/wiki/Q7915763","display_name":"Variance decomposition of forecast errors","level":2,"score":0.4684230089187622},{"id":"https://openalex.org/C134024062","wikidata":"https://www.wikidata.org/wiki/Q1401229","display_name":"Error correction model","level":3,"score":0.4525144398212433},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.40165525674819946},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3777959942817688},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.32272130250930786},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.21950101852416992}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/08853900801970601","doi":"https://doi.org/10.1080/08853900801970601","is_oa":false,"landing_page_url":"https://doi.org/10.1080/08853900801970601","pdf_url":null,"source":{"id":"https://openalex.org/S88045947","display_name":"The International Trade Journal","issn_l":"0885-3908","issn":["0885-3908","1521-0545"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The International Trade Journal","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.688.3546","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.688.3546","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://epublications.marquette.edu/cgi/viewcontent.cgi?article%3D1017%26context%3Decon_fac","raw_type":"text"},{"id":"pmh:oai:epublications.marquette.edu:econ_fac-1017","doi":null,"is_oa":false,"landing_page_url":"https://epublications.marquette.edu/econ_fac/18","pdf_url":null,"source":{"id":"https://openalex.org/S4306401682","display_name":"e-Publications@Marquette (Marquette University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I102461120","host_organization_name":"Marquette University","host_organization_lineage":["https://openalex.org/I102461120"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Economics Faculty Research and Publications","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.6208000183105469,"display_name":"Decent work and economic growth"}],"sustainable_development_goals_aurora":[{"id":"https://metadata.un.org/sdg/17","score":0.5600000023841858,"display_name":"Partnerships for the goals"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":48,"referenced_works":["https://openalex.org/W1489102747","https://openalex.org/W1518546074","https://openalex.org/W1540122691","https://openalex.org/W1608344184","https://openalex.org/W1910514793","https://openalex.org/W1963659271","https://openalex.org/W1972621636","https://openalex.org/W1981813736","https://openalex.org/W1985502421","https://openalex.org/W1992895455","https://openalex.org/W1994865000","https://openalex.org/W1997955450","https://openalex.org/W2000046104","https://openalex.org/W2002615486","https://openalex.org/W2004814673","https://openalex.org/W2017147850","https://openalex.org/W2017711275","https://openalex.org/W2019459021","https://openalex.org/W2041813520","https://openalex.org/W2042579618","https://openalex.org/W2052030765","https://openalex.org/W2054474426","https://openalex.org/W2056428075","https://openalex.org/W2059391295","https://openalex.org/W2067662943","https://openalex.org/W2078565364","https://openalex.org/W2086817272","https://openalex.org/W2087327686","https://openalex.org/W2088435028","https://openalex.org/W2108818539","https://openalex.org/W2110603299","https://openalex.org/W2122172204","https://openalex.org/W2130136629","https://openalex.org/W2130341215","https://openalex.org/W2144817955","https://openalex.org/W2146154399","https://openalex.org/W2152289678","https://openalex.org/W2152701967","https://openalex.org/W2153873215","https://openalex.org/W2158852116","https://openalex.org/W2168231350","https://openalex.org/W2313953460","https://openalex.org/W2749057407","https://openalex.org/W3040544743","https://openalex.org/W3093740380","https://openalex.org/W3123884827","https://openalex.org/W3125470191","https://openalex.org/W4229539396"],"related_works":["https://openalex.org/W2056274775","https://openalex.org/W2180925862","https://openalex.org/W2054474426","https://openalex.org/W2432112999","https://openalex.org/W7047603406","https://openalex.org/W2483741371","https://openalex.org/W2140465941","https://openalex.org/W7065835291","https://openalex.org/W2980442252","https://openalex.org/W1994865000"],"abstract_inverted_index":{"This":[0],"study":[1],"examines":[2],"the":[3,20,24,37,42,46,49,53,71,83,100,113],"impact":[4,110,114],"of":[5,48,82],"shocks":[6,103],"to":[7,75,99,104],"exchange":[8,44,51,76,105],"rate":[9,77,106],"uncertainty":[10,78],"(volatility)":[11],"on":[12,111],"foreign":[13],"direct":[14],"investment":[15],"(FDI)":[16],"in":[17,87],"Canada,":[18,68],"Japan,":[19,69],"United":[21,25,72],"Kingdom,":[22],"and":[23,56,70,117],"States.":[26],"The":[27,58,93],"analysis":[28],"is":[29,115],"conducted":[30],"using":[31],"vector":[32],"autoregressive":[33],"models":[34],"that":[35,102],"contain":[36],"price":[38],"level,":[39],"real":[40,43,50],"output,":[41],"rate,":[45,52,55],"volatility":[47,107],"interest":[54],"FDI.":[57],"results":[59],"from":[60],"variance":[61,86],"decompositions":[62],"yield":[63],"public":[64],"policy":[65],"implications.":[66],"In":[67],"States,":[73],"innovations":[74],"explain":[79],"significant":[80],"portions":[81],"forecast":[84],"error":[85],"FDI":[88],"at":[89],"longer":[90],"time":[91],"horizons.":[92],"impulse":[94],"response":[95],"functions":[96],"indicate":[97],"that,":[98],"extent":[101],"have":[108],"an":[109],"FDI,":[112],"positive":[116],"takes":[118],"place":[119],"with":[120],"a":[121],"lag.":[122]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":4},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}