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existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the host country … hypothesis that spillovers are greater for FDI with more advanced technology. While efficiency of domestic firms’ is affected by … the business environment, the strength of FDI spillovers is not, either when measured by the degree of corruption …
Persistent link: https://www.econbiz.de/10005497973
and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the … varies by sector, FDI source, business environment (corruption, red tape, level of development), firm’s distance to the …
Persistent link: https://www.econbiz.de/10011083237
Sweden is home to a remarkably large number of prosperous multinationals. We argue that this is partly the result of industrial policies that have been biased in favour of large firms, and partly the result of an institutional setting where regulations and controls have facilitated investment...
Persistent link: https://www.econbiz.de/10005123621
Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and...
Persistent link: https://www.econbiz.de/10005067607
many countries. This study presents evidence suggesting that attracting inflows of FDI offers potential for upgrading a … sectors treated by investment promotion agencies as priority in their efforts to attract FDI. The sample covers 116 countries … over the period 1984-2000. The findings are consistent with a positive effect of FDI on unit values of exports in …
Persistent link: https://www.econbiz.de/10008557016
This Paper examines the importance of agglomeration economies and institutions vis-à-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990-98, we find that the main...
Persistent link: https://www.econbiz.de/10005124111
(FDI), the empirical literature has been unable to establish a positive and significant impact of FDI on the rates of … economic growth of host countries. One reason for this difficulty is that theory equates FDI to technology transferred, while … in most countries and regions of the world FDI encompasses an array of arrangements that goes well beyond pure technology …
Persistent link: https://www.econbiz.de/10005114268
By combining new data on bilateral asset holdings with data on securities regulation in an empirical gravity model, it is found that bilateral differences in securities regulation lead to decreased portfolio holdings. Hence, regulatory harmonization can foster financial integration. The results...
Persistent link: https://www.econbiz.de/10005124356
This paper makes a tentative forecast of the impact on Spanish trade of the liberalization of economic transactions between the EU and the former communist countries of Central and Eastern Europe (CEECs), as envisaged in the Association Agreements aimed at the eventual enlargement of the EU to...
Persistent link: https://www.econbiz.de/10005067508
We apply a new approach to a new panel data set on bilateral gross cross-border equity flows between 14 countries, 1989-96. The remarkably good results have strong implications for theories of asset trade. We find that the geography of information heavily determines the pattern of international...
Persistent link: https://www.econbiz.de/10005067617