{"id":"https://openalex.org/W4319457440","doi":"https://doi.org/10.1016/j.jinteco.2023.103731","title":"Climate risks and FDI","display_name":"Climate risks and FDI","publication_year":2023,"publication_date":"2023-02-08","ids":{"openalex":"https://openalex.org/W4319457440","doi":"https://doi.org/10.1016/j.jinteco.2023.103731"},"language":"en","primary_location":{"id":"doi:10.1016/j.jinteco.2023.103731","doi":"https://doi.org/10.1016/j.jinteco.2023.103731","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.jinteco.2023.103731","pdf_url":null,"source":{"id":"https://openalex.org/S198098467","display_name":"Journal of International Economics","issn_l":"0022-1996","issn":["0022-1996","1873-0353"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.1016/j.jinteco.2023.103731","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5005699789","display_name":"Grace Weishi Gu","orcid":"https://orcid.org/0000-0001-7546-0528","observed_orcids":["https://orcid.org/0000-0001-7546-0528"]},"institutions":[{"id":"https://openalex.org/I185103710","display_name":"University of California, Santa Cruz","ror":"https://ror.org/03s65by71","country_code":"US","type":"education","lineage":["https://openalex.org/I185103710"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Grace Weishi Gu","raw_affiliation_strings":["University of California Santa Cruz, United States of America"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of California Santa Cruz, United States of America","institution_ids":["https://openalex.org/I185103710"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5082353504","display_name":"Galina B. Hale","orcid":"https://orcid.org/0000-0002-5604-9730","observed_orcids":["https://orcid.org/0000-0002-5604-9730"]},"institutions":[{"id":"https://openalex.org/I185103710","display_name":"University of California, Santa Cruz","ror":"https://ror.org/03s65by71","country_code":"US","type":"education","lineage":["https://openalex.org/I185103710"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Galina Hale","raw_affiliation_strings":["University of California Santa Cruz, NBER, CEPR, United States of America"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of California Santa Cruz, NBER, CEPR, United States of America","institution_ids":["https://openalex.org/I185103710"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5005699789"],"corresponding_institution_ids":["https://openalex.org/I185103710"],"apc_list":{"value":3280,"currency":"USD","value_usd":3280},"apc_paid":{"value":3280,"currency":"USD","value_usd":3280},"fwci":21.9709,"has_fulltext":false,"cited_by_count":103,"citation_normalized_percentile":{"value":0.99479189,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"146","issue":null,"first_page":"103731","last_page":"103731"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.8866999745368958,"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"}},"topics":[{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.8866999745368958,"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/T10471","display_name":"Climate Change Policy and Economics","score":0.08209999650716782,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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/T13146","display_name":"Sustainable Finance and Green Bonds","score":0.012299999594688416,"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/climate-risk","display_name":"climate risk","score":0.9539999961853027},{"id":"https://openalex.org/keywords/foreign-direct-investment","display_name":"foreign direct investment","score":0.9750000238418579},{"id":"https://openalex.org/keywords/physical-risk","display_name":"physical risk","score":0.8500000238418579},{"id":"https://openalex.org/keywords/climate-transition-risk","display_name":"transition risk","score":0.9869999885559082},{"id":"https://openalex.org/keywords/extreme-weather-events","display_name":"extreme weather events","score":0.8230000138282776},{"id":"https://openalex.org/keywords/paris-agreement","display_name":"Paris Agreement","score":0.8019999861717224},{"id":"https://openalex.org/keywords/green-industry","display_name":"green industry","score":0.8119999766349792},{"id":"https://openalex.org/keywords/climate-change-mitigation-policy","display_name":"climate change mitigation policy","score":0.5490000247955322}],"concepts":[{"id":"https://openalex.org/C158016649","wikidata":"https://www.wikidata.org/wiki/Q161726","display_name":"Multinational corporation","level":2,"score":0.6999160051345825},{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.6729131937026978},{"id":"https://openalex.org/C33842695","wikidata":"https://www.wikidata.org/wiki/Q490513","display_name":"Foreign direct investment","level":2,"score":0.660331130027771},{"id":"https://openalex.org/C132651083","wikidata":"https://www.wikidata.org/wiki/Q7942","display_name":"Climate change","level":2,"score":0.6096782684326172},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5889519453048706},{"id":"https://openalex.org/C175605778","wikidata":"https://www.wikidata.org/wiki/Q3299701","display_name":"Natural resource economics","level":1,"score":0.4553523361682892},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.452043354511261},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4442264139652252},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.43292945623397827},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.42103588581085205},{"id":"https://openalex.org/C509746633","wikidata":"https://www.wikidata.org/wiki/Q898653","display_name":"Climate change mitigation","level":3,"score":0.4167618751525879},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.20474037528038025},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.10247355699539185},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.07995131611824036},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.07691001892089844},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1016/j.jinteco.2023.103731","doi":"https://doi.org/10.1016/j.jinteco.2023.103731","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.jinteco.2023.103731","pdf_url":null,"source":{"id":"https://openalex.org/S198098467","display_name":"Journal of International Economics","issn_l":"0022-1996","issn":["0022-1996","1873-0353"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Economics","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.1016/j.jinteco.2023.103731","doi":"https://doi.org/10.1016/j.jinteco.2023.103731","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.jinteco.2023.103731","pdf_url":null,"source":{"id":"https://openalex.org/S198098467","display_name":"Journal of International Economics","issn_l":"0022-1996","issn":["0022-1996","1873-0353"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Economics","raw_type":"journal-article"},"sustainable_development_goals":[{"score":1.0,"display_name":"Climate action","id":"https://metadata.un.org/sdg/13"},{"score":0.7257999777793884,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[{"score":0.5400000214576721,"display_name":"Climate action","id":"https://metadata.un.org/sdg/13"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":53,"referenced_works":["https://openalex.org/W1592715243","https://openalex.org/W1602619412","https://openalex.org/W1834663242","https://openalex.org/W1982861800","https://openalex.org/W1991178847","https://openalex.org/W2073398861","https://openalex.org/W2081198062","https://openalex.org/W2097152148","https://openalex.org/W2099167504","https://openalex.org/W2104834906","https://openalex.org/W2114402118","https://openalex.org/W2123942564","https://openalex.org/W2135296617","https://openalex.org/W2163235518","https://openalex.org/W2166001406","https://openalex.org/W2191353808","https://openalex.org/W2354512366","https://openalex.org/W2404529364","https://openalex.org/W2572762017","https://openalex.org/W2580858283","https://openalex.org/W2769890459","https://openalex.org/W2793532995","https://openalex.org/W2884202799","https://openalex.org/W2899047754","https://openalex.org/W2937241955","https://openalex.org/W2990235838","https://openalex.org/W2994065137","https://openalex.org/W3083373572","https://openalex.org/W3095169142","https://openalex.org/W3121970109","https://openalex.org/W3123414856","https://openalex.org/W3124686131","https://openalex.org/W3125142944","https://openalex.org/W3128357169","https://openalex.org/W3139804159","https://openalex.org/W3163633624","https://openalex.org/W3165207118","https://openalex.org/W3166846439","https://openalex.org/W3184306750","https://openalex.org/W3194154890","https://openalex.org/W3196334736","https://openalex.org/W4225597932","https://openalex.org/W4225620869","https://openalex.org/W4225710817","https://openalex.org/W4234502055","https://openalex.org/W4247936158","https://openalex.org/W4285301233","https://openalex.org/W4285806273","https://openalex.org/W4293764546","https://openalex.org/W4294167448","https://openalex.org/W4312934415","https://openalex.org/W6770259628","https://openalex.org/W6786297840"],"related_works":["https://openalex.org/W4306809586","https://openalex.org/W4220961186","https://openalex.org/W4310519928","https://openalex.org/W6958522118","https://openalex.org/W4295807755","https://openalex.org/W4406424552","https://openalex.org/W4413904290","https://openalex.org/W4400439386","https://openalex.org/W4379056831","https://openalex.org/W7165893418"],"abstract_inverted_index":{"Climate-related":[0],"risks":[1,37,100,108,140,155],"have":[2],"increased":[3],"in":[4,8,42,92,203],"recent":[5],"decades,":[6],"both":[7,96],"terms":[9],"of":[10,13,22,61,106,136,199,210],"the":[11,20,67,197,208],"frequency":[12],"extreme":[14,174],"weather":[15,175],"events":[16,176],"(physical":[17],"risk)":[18],"and":[19,84,98,138,192],"implementation":[21],"climate-change":[23],"mitigation":[24],"policies":[25],"(transition":[26],"risk).":[27],"This":[28],"paper":[29],"explores":[30],"whether":[31],"multinational":[32],"firms":[33,148],"react":[34,156],"to":[35,153,159,196],"such":[36],"by":[38,51],"altering":[39],"their":[40],"presence":[41],"countries":[43,179],"that":[44,80,147,149,170],"are":[45,150,180],"more":[46,151,157],"affected.":[47],"We":[48,70,167],"measure":[49],"this":[50],"examining":[52],"foreign":[53],"direct":[54],"investment":[55],"(FDI)":[56],"dynamics":[57],"at":[58,66],"different":[59],"levels":[60],"aggregation":[62],"as":[63,65],"well":[64],"firm":[68,76],"level.":[69],"propose":[71],"a":[72,90],"theoretical":[73],"framework":[74],"for":[75,121,132,182,201],"production":[77],"location":[78],"choice":[79],"explicitly":[81],"incorporates":[82],"transition":[83,99,139],"physical":[85,97,137,160],"risks.":[86,212],"The":[87],"model":[88,122],"predicts":[89],"reduction":[91],"FDI":[93,171],"resulting":[94],"from":[95,177],"but":[101,124],"an":[102,113],"ambiguous":[103],"interaction":[104],"effect":[105],"these":[107],"with":[109,184],"emission":[110,186,204],"productivity.":[111],"In":[112],"extensive":[114],"empirical":[115,193],"analysis,":[116],"we":[117,126],"find":[118,129,169],"some":[119],"support":[120],"predictions,":[123],"overall":[125],"do":[127],"not":[128],"consistent":[130],"evidence":[131,145],"statistically":[133],"significant":[134],"effects":[135,209],"on":[141],"FDI.":[142],"However,":[143],"firm-level":[144],"suggests":[146],"exposed":[152],"climate":[154,161,211],"negatively":[158],"risk":[162],"following":[163,173],"Paris":[164],"Climate":[165],"Accord.":[166],"also":[168],"outflows":[172],"affected":[178],"smaller":[181],"industries":[183],"higher":[185],"productivity":[187,205],"(greener":[188],"industries).":[189],"Our":[190],"theory":[191],"results":[194],"point":[195],"importance":[198],"accounting":[200],"heterogeneity":[202],"when":[206],"analyzing":[207]},"counts_by_year":[{"year":2026,"cited_by_count":26},{"year":2025,"cited_by_count":35},{"year":2024,"cited_by_count":32},{"year":2023,"cited_by_count":9},{"year":2022,"cited_by_count":1}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2023-02-09T00:00:00"}
