This paper investigates the determinants of foreign direct investment (FDI) outflows from two major forest product importing countries: the U.S. and Japan. Exchange rate, per capita income, cost of capital, and cost of labour in host countries have significant impacts on the FDI outflows from these two countries. A complementary relationship is found between forest products exports and FDI outflows for the forest product importing countries. Market-seeking as well as resource-seeking motives for the FDI outflows from these countries are evident.
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1 December 2008
Foreign Direct Investment Outflows in the Forest Products Industry: The Case of the United States and Japan
R.V. Nagubadi,
D. Zhang
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International Forestry Review
Vol. 10 • No. 4
December 2008
Vol. 10 • No. 4
December 2008
foreign direct investment
forest products industry
market-seeking
outflows
resource-seeking