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This paper examines the agglomeration effects of multinational firms on the location decisions of first-time Japanese …-firm backward and forward linkages formed in a home country. The conditional and mixed logit estimates reveal that agglomeration by … first-tier suppliers and customers draws subsequent investment into a location. However, such agglomeration effects are not …
Persistent link: https://www.econbiz.de/10011095318
The European Union Emissions Trading Scheme (EU ETS) is the world’s first regional 10 carbon trading market. This article is a quantitative attempt to examine the temporal and spatial geography of European carbon trading. We show that carbon markets are especially sensitive to two...
Persistent link: https://www.econbiz.de/10008756134
Do countries compete for FDI by liberalizing their FDI policy regimes? Our measure of FDI policy liberalization is an event count of changes made by a country in a given year in the areas of approval procedures, sectoral restrictions, operational conditions, incentives, investment guarantees,...
Persistent link: https://www.econbiz.de/10011201617
The 1990s appreciation of the US$ has been blamed on the 'irrational exuberance' of investors in the US IT boom. A core of these investors appeared to believe that technology-related productivity growth (due, in part, to knowledge spill-over externalities) would raise the relative US rate of...
Persistent link: https://www.econbiz.de/10011201630
International pressure to revalue China's currency stems in part from the expectation that rapid economic growth should be associated with a real exchange rate appreciation. This hinges on the Balassa-Samuelson hypothesis under which economic growth, stemming from improvements in traded sector...
Persistent link: https://www.econbiz.de/10011201634
Persistent link: https://www.econbiz.de/10009274834
Using the international investment regime as its point of departure, the paper introduces notions of bounded rationality to the study of economic diplomacy. Through a multi-method approach, it shows that developing countries often ignored the risks of bilateral investment treaties (BITs) until...
Persistent link: https://www.econbiz.de/10009293751
Persistent link: https://www.econbiz.de/10010762629
The study examines the role of foreign capital and remittance inflows in the domestic savings of 63 developing countries for 1971-2010, paying attention to likely differential effects of FDI, portfolio investment, foreign aid and remittance. The conventional homogeneous panel estimates suggest...
Persistent link: https://www.econbiz.de/10010762633
We estimate a three-country model using 1995-2013 data for Germany, the Rest of the Euro Area (REA) and the Rest of the World (ROW) to analyze the determinants of Germany’s current account surplus after the launch of the Euro. The most important factors driving the German surplus were positive...
Persistent link: https://www.econbiz.de/10010860346