The Influences Affecting French Assets Abroad Prior 1914

Antoine Parent and Christophe Rault

No 05-14, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne

Abstract: In this study we show that French foreign investment from the end of the nineteenth century until the eve of the First World War was driven by economic and financial considerations. This refutes the hitherto accepted thesis that French capital exports were motivated by diplomatic and political factors. By using economic modeling which combines microeconomic and econometric approaches, we show that the geographic distribution of French financial flows was consistent with rational economic behavior.

Pages: 40 pages
Date: 2005
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Citations: View citations in EconPapers (2)

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Journal Article: The Influences Affecting French Assets Abroad Prior to 1914 (2004)
Working Paper: The Influences Affecting French Assets Abroad Prior To 1914 (2004)
Working Paper: The Influences Affecting French Assets Abroad Prior To 1914 (2004)
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