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Institutions, financial development, and small business survival : evidence from European emerging markets
Iwasaki, Ichirō; Kočenda, Evžen; Shida, Yoshisada - 2020
In this paper, we traced the survival status of 94,401 small businesses in 17 European emerging markets from 2007–2017 and empirically examined the determinants of their survival, focusing on institutional quality and financial development. We found that institutional quality and the level of...
Persistent link: https://www.econbiz.de/10012304241
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The economics of a multilateral investment agreement
Che, Jiahua; Willmann, Gerald - 2009
This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...
Persistent link: https://www.econbiz.de/10003808670
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World market access of emerging-market firms : the role of foreign ownership and access to external finance
Raff, Horst; Trofimenko, Natalia - 2013
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign ownership and access to external finance affect the likelihood of manufacturers in emerging markets to export and/or import. Applying propensity score matching to control for...
Persistent link: https://www.econbiz.de/10009772816
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The effect of tax havens on host country welfare
Gresik, Thomas A.; Schindler, Dirk; Schjelderup, Guttorm - 2015
Multinational corporations can shift income into low-tax countries through transfer pricing and debt financing. While most developed countries use thin capitalization rules to limit the extent to which a subsidiary can be financed with internal debt, a number of developing countries do not. In...
Persistent link: https://www.econbiz.de/10010509595
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Can investments in emerging markets help to solve the aging problem?
Holzmann, Robert - 2000
Prefunding of pension commitments in OECD economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve the demographic problem. While these investments bring...
Persistent link: https://www.econbiz.de/10009781581
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Geopolitical risk and cross-border portfolio flows : effects and Channels
Caporale, Guglielmo Maria; Ali, Faek Menla - 2024
This paper analyses the short- and long-term effects of geopolitical uncertainty on cross-border portfolio flows between the US and 41 developed and emerging economies over the period January 1992-November 2022. We find that geopolitical uncertainty decreases equity inflows from other countries...
Persistent link: https://www.econbiz.de/10015065292
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Firm performance and trade with low-income countries : evidence from China
Schmerer, Hans-Jörg; Wang, Luhang - 2014
analysis reveals a rising low-income country trade share around and after China's accession to the World Trade Organization …
Persistent link: https://www.econbiz.de/10010391833
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The empirics of China's outward direct investment
Cheung, Yin-Wong; Qian, Xingwang - 2009
We investigate the empirical determinants of China's outward direct investment (ODI). It is found that China … developed and developing countries, there is evidence that a) both market seeking and resources seeking motives drive China …'s ODI, b) the Chinese exports to developing countries induce China's ODI, c) China's international reserves promote its ODI …
Persistent link: https://www.econbiz.de/10003833316
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China's outward FDI : an industry-level analysis of host country determinants
Amighini, Alessia; Rabellotti, Roberta; Sanfilippo, Marco - 2011
motivations are relevant for both manufacturing and services. -- China ; foreign direct investment ; internationalization ; trade …
Persistent link: https://www.econbiz.de/10009489293
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Did Chinese outward activity attenuate or aggravate the Great Recession in developing countries?
Gawellek, Bastian; Lyu, Jingjing; Süssmuth, Bernd - 2016
Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the...
Persistent link: https://www.econbiz.de/10011420791