The Effect of COVID-19 on Foreign Direct Investment
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The authors find heterogeneous effects of COVID-19 on FDI by sector and entry mode. The severity of COVID-19 in host countries negatively affected both greenfield FDI and cross-border mergers and acquisitions in the manufacturing sector. But the situation of home countries did not seem to matter. Greenfield FDI in the service sector was affected by the situation in both host and home countries.
- Conceptual Framework
- Empirical Framework
- Empirical Results
Hayakawa, Kazunobu, Hyun-Hoon Lee, and Cyn-Young Park. 2023. "The Effect of COVID-19 on Foreign Direct Investment." Global Economic Review 52 (1): 1–17. https://doi.org/10.1080/1226508X.2023.2171459.
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