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Chinese Journal of Management Science ›› 2023, Vol. 31 ›› Issue (6): 12-24.doi: 10.16381/j.cnki.issn1003-207x.2021.0067

• Articles • Previous Articles    

Knight Uncertainty, Exchange Rate Volatility and Foreign Direct Investment

CHEN Qiang1, 2, XU Wan-zi1   

  1. 1. The School of Economics, Shanghai University of Finance Economics, Shanghai 200433, China;2. Key Laboratory of Mathematical Economics, Ministry of Education, Shanghai 200433, China
  • Received:2021-01-10 Revised:2021-07-12 Published:2023-06-17
  • Contact: 许万紫 E-mail:xu.wanzi@163.sufe.edu.cn

Abstract: The previous studies focused on the impacts of exchange rate volatility on foreign direct investment are equivocal. Several studies find the positive impact while the others find the negative impact. There have been some explanations for the contradictory phenomena, such as different industries, different foreign exchange policies or lack of adequate measurement. It attempts to give another reason in this paper which has not been proposed yet.

Key words: ambiguity; exchange rate; FDI; Knight uncertainty

CLC Number: