Publication:
Credit Conditions and Foreign Direct Investment During the Global Financial Crisis

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dc.contributor.authorDesbordes, Rodolphe
dc.contributor.authorWei, Shang-Jin
dc.date.accessioned2014-10-30T21:03:31Z
dc.date.available2014-10-30T21:03:31Z
dc.date.issued2014-10
dc.description.abstractThis paper investigates the effect that tight credit conditions had on outward foreign direct investment flows during the 2008-2010 global financial crisis. A difference-in-differences approach is used to isolate a "credit channel" impact of the global financial crisis on foreign direct investment. The global financial crisis had a stronger negative impact on the relative volume of outward foreign direct investment in financially vulnerable sectors in more financially developed countries, especially if these countries also experienced a banking crisis. These results suggest that lack of access to external finance can partly explain the drop in foreign direct investment during the global financial crisis.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/10/20299035/credit-conditions-foreign-direct-investment-during-global-financial-crisis
dc.identifier.doi10.1596/1813-9450-7063
dc.identifier.urihttps://hdl.handle.net/10986/20502
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank Group, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7063
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CAPITAL
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO EXTERNAL FINANCE
dc.subjectACCESSIBILITY
dc.subjectADVERSE SELECTION
dc.subjectALTERNATIVE BANKING
dc.subjectALTERNATIVE ENERGY
dc.subjectAVAILABILITY OF CREDIT
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK LIQUIDATIONS
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY LAWS
dc.subjectBANKS
dc.subjectBENEFICIARY
dc.subjectBROAD ACCESS
dc.subjectBUSINESS MANAGEMENT
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCASE OF BANKRUPTCY
dc.subjectCASE OF DEFAULT
dc.subjectCASH FLOWS
dc.subjectCOLLATERAL
dc.subjectCONSUMERS
dc.subjectCORPORATE FINANCE
dc.subjectCOUNTRY FIXED EFFECTS
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT GROWTH
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT REGISTRY
dc.subjectCURRENCY
dc.subjectCURRENCY CRISES
dc.subjectDAY TRADING
dc.subjectDEBT FINANCING
dc.subjectDEBT LIABILITIES
dc.subjectDEPENDENT
dc.subjectDEVELOPMENT POLICY
dc.subjectDOMESTIC BANK
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC INVESTORS
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMETRIC MODELS
dc.subjectECONOMIC GROWTH
dc.subjectEQUIPMENT
dc.subjectEQUITY STAKE
dc.subjectEXISTING ASSETS
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectEXTERNAL CAPITAL
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCE
dc.subjectEXTERNAL FINANCING
dc.subjectFINANCIAL CONSTRAINTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEPTH
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SHOCKS
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCING NEEDS
dc.subjectFINANCING OBSTACLES
dc.subjectFIXED ASSETS
dc.subjectFIXED COSTS
dc.subjectFOREIGN ASSETS
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTOR
dc.subjectFOREIGN MARKETS
dc.subjectGDP
dc.subjectGROWTH OPPORTUNITIES
dc.subjectHOLDING
dc.subjectHOME COUNTRY
dc.subjectINFORMATIONAL ASYMMETRIES
dc.subjectINSTRUMENT
dc.subjectINTANGIBLE
dc.subjectINTANGIBLE ASSETS
dc.subjectINTERNAL FINANCE
dc.subjectINTERNAL FUNDS
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTING
dc.subjectINVESTMENT FLOWS
dc.subjectJURISDICTION
dc.subjectLACK OF ACCESS
dc.subjectLARGE FIRMS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL ORIGIN
dc.subjectLEGAL RIGHTS
dc.subjectLENDERS
dc.subjectLIQUIDATIONS
dc.subjectLOAN
dc.subjectMANUFACTURING INDUSTRY
dc.subjectMARKETS DATABASE
dc.subjectMERGERS
dc.subjectMORAL HAZARD
dc.subjectMOVABLE ASSETS
dc.subjectMULTINATIONAL
dc.subjectOUTPUT
dc.subjectOUTSTANDING AMOUNT
dc.subjectPARENT COMPANIES
dc.subjectPARENT COMPANY
dc.subjectPATENTS
dc.subjectPRIVATE CREDIT
dc.subjectPUBLIC CREDIT
dc.subjectREAL GDP
dc.subjectREGULATORY REQUIREMENTS
dc.subjectRIGHTS OF CREDITORS
dc.subjectSEIZURE
dc.subjectSEIZURE OF ASSETS
dc.subjectSELF-FINANCE
dc.subjectSELF-FINANCING
dc.subjectSMALL BUSINESS
dc.subjectSOURCES OF FUNDS
dc.subjectSPECIFIC ASSET
dc.subjectSTOCK MARKET
dc.subjectSUPPLY SHOCKS
dc.subjectSYSTEMIC BANKING CRISES
dc.subjectTANGIBLE ASSETS
dc.subjectTRADING
dc.subjectUNINTERRUPTED ACCESS
dc.subjectVALUE ADDED
dc.subjectWEALTH
dc.subjectWORLD INVESTMENT REPORT
dc.titleCredit Conditions and Foreign Direct Investment During the Global Financial Crisisen
dspace.entity.typePublication
okr.crossref.titleCredit Conditions and Foreign Direct Investment During the Global Financial Crisis
okr.date.disclosure2014-10-15
okr.date.doiregistration2025-04-10T09:49:57.630077Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/10/20299035/credit-conditions-foreign-direct-investment-during-global-financial-crisis
okr.globalpracticeFinance and Markets
okr.guid552231468155372657
okr.identifier.doi10.1596/1813-9450-7063
okr.identifier.externaldocumentum000158349_20141016085238
okr.identifier.internaldocumentum20299035
okr.identifier.reportWPS7063
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/10/16/000158349_20141016085238/Rendered/PDF/WPS7063.pdfen
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicMacroeconomics and Economic Growth
okr.unitTrade and International Integration Team, Development Research Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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