Canada's Foreign Investment Review Agency and United States direct investment in Canada

摘要

Canada's Foreign Investment Review Agency became world renowned in the 1970s as a symbol of the country's unease with an unsurpassed level of penetration by incoming foreign direct investment. Although serious observers have suggested quite divergent hypotheses about the Agency's effect on incoming investment, no previous study has attempted to determine its impact using actual data. This research looks at investment from the dominant home country, the United States, and finds only weak evidence of a deterrent effect.