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    ���þ�γ 2017 Issue (3) :62-67
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    Geographical Distance and Motivation of Multinationals�� FDI����Based on the Data from Multinational Companies in the United States
    YANG Zhen-zeng
    School of Economics, Tianjin University of Finance and Economics, Tianjin 300222, China
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Abstract�� Geographic distance affects not only the scale of international direct investment, but also the motivation of multinationals when investing directly abroad. In this paper, the author develops a three-economy model to analyze the impact of geographical distance on three types of foreign direct investment. The empirical analysis using data on operations of US multinationals�� foreign affiliates from BEA shows that, as the geographical distance between home and host country increases, the share of market-seeking and third-country-oriented FDI increases, but the share of home-country-oriented FDI falls.
Keywords�� Foreign Direct Investment   Geographical Distance   Motivation of FDI   Trade Costs     
�ո����� 2017-05-11; �������� 2017-05-11;
��������:�������ѧ����ѧ������Ŀ(TJYY15-015)
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������.�������������˾��ֱ��Ͷ�ʶ��������������������˾���ݵ��о�[J].  ���þ�γ, 2017,3: 62-67
YANG Zhen-zeng.Geographical Distance and Motivation of Multinationals�� FDI����Based on the Data from Multinational Companies in the United States[J]  Economic Survey, 2017,V34(3): 62-67
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http://www.jjjw.org/CN/     ��     http://www.jjjw.org/CN/Y2017/V34/I3/62
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