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Information Externalities, Free Riding, and Optimal Exploration in the UK Oil Industry

Hodgson, Charles - National Bureau of Economic Research - 2024

relevant in natural resource exploration, where discoveries are spatially correlated. Using UK offshore oil exploration data, I … highlight a trade-off in property rights design: stronger property rights over exploration well data increase the rate of … exploration, while weaker property rights increase the efficiency and speed of learning but reduce the rate of exploration …

Persistent link: https://www.econbiz.de/10015094909

China's growing economic activity in Africa

Besada, Hany - 2008

now Africa's third largest trading partner behind the EU and the US. The Chinese FDI stock in Africa has grown from $49 … FDI compared to a total from all sources of $36 billion, around 1.4% of total FDI inflows to Africa; and only 8.6% of …

Persistent link: https://www.econbiz.de/10012464623

Tax Policy and Investment in a Global Economy

Chodorow-Reich, Gabriel; Smith, Matthew; Zidar, Owen M.; … - National Bureau of Economic Research - 2024

We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...

Persistent link: https://www.econbiz.de/10014512034

Appropriate Entrepreneurship? The Rise of China and the Developing World

Lerner, Joshua; Liu, Junxi; Moscona, Jacob; Yang, David Y. - National Bureau of Economic Research - 2024

Global innovation and entrepreneurship has traditionally been dominated by a handful of high-income countries, especially the US. This paper investigates the international consequences of the rise of a new hub for innovation, focusing on the dramatic growth of high-potential entrepreneurship and...

Persistent link: https://www.econbiz.de/10014512047

U.S. Liquid Government Liabilities and Emerging Market Capital Flows

Lee, Soyean; Engel, Charles - National Bureau of Economic Research - 2024

Empirical work finds that flows of investments from the U.S. and other high income countries to emerging markets increase during times of quantitative easing by the U.S. Federal Reserve, and the reverse movement occurs under quantitative tightening. We offer new evidence to confirm these...

Persistent link: https://www.econbiz.de/10014576601

Regime Changes and FDI : A Tale of Two Countries – Poland and Israel

Razin, Asaf; Cieślik, Andrzej - National Bureau of Economic Research - 2024

This essay highlights the effects of radical transformations in the liberal characteristics of the regimes on foreign direct investors. To focus on the common patterns in the effects on foreign direct investment, of liberal vs. illiberal regime change, the essay spotlights the tale of two...

Persistent link: https://www.econbiz.de/10014576643

FDI and Superstar Spillovers : Evidence from Firm-to-Firm Transactions

Amiti, Mary; Duprez, Cédric; Konings, Jozef; Van … - National Bureau of Economic Research - 2023

spillovers from multinationals to domestic firms justify pro- FDI policies. For the first time, we use firm-to-firm transaction …

Persistent link: https://www.econbiz.de/10014250146

Foreign Technology Adoption as a Flying Propeller

Hu, Yunfang; Kunieda, Takuma; Nishimura, Kazuo; Wang, Ping - National Bureau of Economic Research - 2023

We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption …, incorporating adoption barriers, international technology spillover, and relative price advantages. A higher FDI conversion efficacy …, a lower adoption barrier, or a stronger international technology spillover, together with a lower relative price of FDI …

Persistent link: https://www.econbiz.de/10014250176

Cross-Border Mergers and Acquisitions

Erel, Isil; Jang, Yeejin; Weisbach, Michael S. - National Bureau of Economic Research - 2022

One of the most consequential events in any firm's lifetime is a major acquisition. Because of their importance, mergers and acquisitions (M&As) have been an enormous area of research. However, the vast majority of this research and survey papers summarizing this research have focused on...

Persistent link: https://www.econbiz.de/10013435159

Global Sourcing and Multinational Activity : A Unified Approach

Antràs, Pol; Fadeev, Evgenii; Fort, Teresa C.; … - National Bureau of Economic Research - 2022

decisions are often studied separately. Using newly merged data on firms' trade and FDI activity by country, we show that US …

Persistent link: https://www.econbiz.de/10013388806