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Besley, Timothy J.; Mueller, Hannes Felix - C.E.P.R. Discussion Papers - 2015

Countries with strong executive constraints have lower growth volatility but similar average growth to those with weak constraints. This paper argues that this may explain a strong reduced-form correlation between executive constraints and inflows of foreign investment. It uses a novel dataset...

Persistent link: https://www.econbiz.de/10011145416

Like Father like Sons? The Cost of Sovereign Defaults In Reduced Credit to the Private Sector

Esteves, Rui; Jalles, João Tovar - C.E.P.R. Discussion Papers - 2013

This paper investigates the impact of sovereign defaults on the ability of the corporate sector in emerging nations to finance itself abroad. The hypothesis here is that defaults have a negative spillover effect on the private sector through credit rationing. We explore a novel dataset covering...

Persistent link: https://www.econbiz.de/10011083857

Enterprise Finance and Investment in Listed Hungarian Firms

Perotti, Enrico C; Vesnaver, Luka - C.E.P.R. Discussion Papers - 2004

This Paper studies the financing of enterprise investment in listed Hungarian firms during the first years of transition. These firms were selected for listing on the exchange and presumably had better access to external capital. In particular, we look for evidence of financial constraints that...

Persistent link: https://www.econbiz.de/10005791387

The External Sector, the State and Development in Eastern Europe

Eichengreen, Barry; Kohl, Richard - C.E.P.R. Discussion Papers - 1998

The countries of Central and Eastern Europe have displayed widely disparate trade performance since the beginning of the transition. The Czech Republic and Hungary have had some success moving into the production and export of more technologically-sophisticated, higher value-added goods, while...

Persistent link: https://www.econbiz.de/10005123672

The Effects of Direct Foreign Investment on Domestic Firms: Evidence from Firm Level Panel Data in Emerging Economies

Konings, Jozef - C.E.P.R. Discussion Papers - 2000

This paper uses firm level panel data to investigate empirically the effects of direct foreign investment (DFI) on the productivity performance of domestic firms in three emerging economies of Central and Eastern Europe, Bulgaria, Romania and Poland. To this end a unique firm level panel data...

Persistent link: https://www.econbiz.de/10005124164

Foreign Ownership and Productivity: New Evidence from the Service Sector and the R&D Lab

Griffith, Rachel; Redding, Stephen J.; Simpson, Helen - C.E.P.R. Discussion Papers - 2004

This Paper examines the relationship between foreign ownership and productivity, paying particular attention to two issues neglected in the existing literature – the role of multinationals in service sectors and the importance of R&D activity conducted by foreign multinationals. We review...

Persistent link: https://www.econbiz.de/10005124197

Multinational Corporations and Spillovers

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1996

This paper examines spillover effects of the activities of multinational firms (MNCs). Such effects are most likely to be found in host countries, where the operations of foreign multinationals may influence local firms in the MNC’s own industry as well as firms in other industries. There is...

Persistent link: https://www.econbiz.de/10005497921

Avenues of Technology Transfer: Foreign Investment and Productivity Change in the Czech Republic

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1998

Firm-level data for the Czech Republic during 1992–6 suggest that foreign investment has tended to flow to firms of above average size, initial profitability and initial labour productivity. After controlling for this selection bias, we find that foreign investment has a positive, but...

Persistent link: https://www.econbiz.de/10005114387

Home Country Effects of Foreign Direct Investment: Evidence from Sweden

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1994

This paper examines two broad issues related to foreign investment by Swedish multinational corporations (MNCs): first, the effects of outward foreign direct investment on domestic investment, exports and employment, and second, the effects on the domestic economy from the increasing division of...

Persistent link: https://www.econbiz.de/10005666957

Political and Economic Institutions of China and Their Influences

Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2014

China was the largest economy in the world before the end of the 19th century; then became one of the poorest countries … in the world in a few decades. Now China is returning to its historical past. To understand China’s development, and to … understand where and how far China will move forward, this paper examines how its institution functioning. …

Persistent link: https://www.econbiz.de/10011145429