@article{Phillips:161899,
      recid = {161899},
      author = {Phillips, Shauna and Ahmadi-Esfahani, Fredoun Z.},
      title = {Exchange Rates and Foreign Direct Investment: Theoretical  Models and Empirical Evidence},
      journal = {Australian Journal of Agricultural and Resource Economics},
      address = {2008},
      number = {428-2016-27930},
      pages = {21},
      year = {2008},
      abstract = {Over the past decades, growth in foreign direct investment  (FDI) has stimulated
significant attempts at developing  theories that explain this trend. One line of this
research  explores the relationship between exchange rates and FDI.  There is no
consensus about the nature of this relationship  in either the theoretical or empirical
work. In this  article, we critically appraise this body of work, and find  the theoretical
studies to be making ground in exploring  the complexities of FDI, but the empirical
evidence to be  constrained by data problems.},
      url = {http://ageconsearch.umn.edu/record/161899},
      doi = {https://doi.org/10.22004/ag.econ.161899},
}