A Fresh Assessment of the Depth of the “Euro Effect" on US FDI

Mariam Camarero, Sergi Moliner () and Cecilio Tamarit
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Sergi Moliner: University of Valencia and INTECO, Department of Economic

No WP2024/18, Single Market Economics Papers from Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (European Commission), Chief Economist Team

Abstract: This paper analyzes how European monetary integration has affected US outward FDI. It finds that at a worldwide level, the Single Market had a larger impact on US FDI than the euro. However, the effect of the euro is also sizeable, ranging between 15% and 64%.

Keywords: FDI determinants; US; European Union; BMA; PPML; G-PPML (search for similar items in EconPapers)
JEL-codes: C11 F21 F23 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2024-02
New Economics Papers: this item is included in nep-eec, nep-fdg, nep-int and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:bda:wpsmep:wp2024/18

DOI: 10.2873/326776

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