Direct Investment Controls and International Equilibrium: The U.S. Experience

Anthony Scaperlanda
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Anthony Scaperlanda: Northern Illinois University

Eastern Economic Journal, 1992, vol. 18, issue 2, 157-170

Abstract: This paper reviews the effectiveness of the Foreign Direct Investment Program that existed from January 1, 1968 through most of 1974 as part of the U.S.'s effort to improve its balance of payments. After summarizing the FDIP "Regulations," six regression studies are surveyed and balance sheet data from the Office of Foreign Direct Investments reviewed. These empirical data indicate that the Program was effective in improving the U.S. balance of payments. The paper concludes with a theoretical evaluation of the FDIP and a brief comment on the Program's relevance for contemporary policy.

Keywords: Foreign; Direct; Investment (search for similar items in EconPapers)
JEL-codes: F21 F23 (search for similar items in EconPapers)
Date: 1992
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:18:y:1992:i:2:p:157-170

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