Country and Industry Determinants of United States Foreign Direct Investment

Abstract

本研究探討了地主國因素，產業因素及產業經驗對美國對外直接投資的影響。本研究之假說係由「折中理論」和「內部化理論」所推導而得，而假說之驗証係根據美國在開發中國家和已開發國家之投資資料。本研究發現，若將開發中國家視為一群，將已開發國家視為另一群，則各種因素對美國對外直接投資的影響在這兩群中並不相同。

This study examines the impact of host country characteristics, industry characteristics, and industry experience on U.S. foreign direct investment. The hypotheses are derived mainly from the eclectic theory of international production and the theory of internalization. The hypothesized model is tested for developed countries as a group and less developed countries as another group. The results suggest that the impact of some characteristics is different for investments in these two groups.