Climate policy and international capital reallocation / Marius Fourné, Xiang Li ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
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Discovery
1920684824
URN
urn:nbn:de:gbv:3:2-1130032
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [2025?]
Umfang
1 Online-Ressource (III, 45 Seiten, Seite A1-A17, 1,07 MB) : Diagramme
Ausgabevermerk
This version: March 10, 2025
Sprache
eng
Anmerkungen
Literaturverzeichnis: Seite 41-45
Inhaltliche Zusammenfassung
This study employs bilateral data on external assets to examine the impact of climate policies on the reallocation of international capital. We find that the stringency of climate policy in the destination country is significantly and positively associated with an increase in the allocation of portfolio equity and banking investment to that country. However, it does not show significant effects on the allocation of foreign direct investment and portfolio debt. Our findings are not driven by valuation effects, and we present evidence that suggests diversification, suasion, and uncertainty mitigation as possible underlying mechanisms.
Schriftenreihe
IWH-Diskussionspapiere ; 2024, no. 20 (September 2024) [rev.] ppn:837399270