The University of Southampton
University of Southampton Institutional Repository

Japanese foreign investment and the "Land Bubble"

Werner, Richard A. (1994) Japanese foreign investment and the "Land Bubble" Review of International Economics, 2, (2), pp. 166-178. (doi:10.1111/j.1467-9396.1994.tb00038.x).

Record type: Article

Abstract

The aim of this paper is to examine the determinants of Japanese net long-term capital flows in the 1980s and early 1990s. A basic framework is proposed which takes account of Japan's so-called land bubble by incorporating the interaction of land with the banking sector in a macroeconomic portfolio model of capital flows. Empirical evidence is supportive of the hypothesis that land-related bank loans have been a major determinant of Japanese net long-term foreign investment. the hypothesis of substitution between direct and indirect foreign investment also receives support, and areas of future research are mentioned.

Full text not available from this repository.

More information

Published date: 1994

Identifiers

Local EPrints ID: 36571
URI: http://eprints.soton.ac.uk/id/eprint/36571
ISSN: 0965-7576
PURE UUID: ea2fcd94-33d3-4e79-ae6f-c9b1e5878873

Catalogue record

Date deposited: 19 Dec 2006
Last modified: 17 Jul 2017 15:44

Export record

Altmetrics

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×