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Environmental Policy and the Location of Foreign Direct Investment in China.
Ljungwall, Christer; Linde-Rahr, Martin - East Asian Bureau of Economic Research (EABER) - 2005
This paper introduces an environmental policy variable, i.e. the provincial pollution levy paid by an average firm, and measure its impact on the foreign investors' location decisions over the 1987 to 1998 period. We argue that less developed regions in China are more inclined to sacrifice...
Persistent link: https://www.econbiz.de/10009365057
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Instrumental Variable Quantile Estimation of Spatial Autoregressive Models
Su, Liangjun; Yang, Zhenlin - East Asian Bureau of Economic Research (EABER) - 2007
the GMM estimators of Lin and Lee (2006) and Kelejian and Prucha (2006), the IVQR estimator is robust against … heteroscedasticity. Unlike the GMM estimators, the IVQR estimator is also robust against outliers and requires weaker moment conditions … conventional QML estimator without taking into account of heteroscedasticity in the errors; it also outperforms the GMM estimators …
Persistent link: https://www.econbiz.de/10009365175
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Spatial-Temporal Dimensions of Efficiency among Electric Cooperatives in the Philippines
Lavado, Rouselle F.; Barrios, Erniel B. - East Asian Bureau of Economic Research (EABER) - 2008
The efficiency of 119 electric cooperatives in the Philippines from 1990-2002 is analyzed using a stochastic frontier model augmented with spatial-temporal terms, addressing the underestimation of technical efficiency usually encountered among maximum-likelihood based methods. The model is also...
Persistent link: https://www.econbiz.de/10009365176
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Asymptotics and Bootstrap for Transformed Panel Data Regressions
Su, Liangjun; Yang, Zhenlin - East Asian Bureau of Economic Research (EABER) - 2008
This paper investigates the asymptotic properties of quasi-maximum likelihood estimators for transformed random effects models where both the response and (some of) the covariates are subject to transformations for inducing normality, flexible functional form, homoscedasticity, and simple model...
Persistent link: https://www.econbiz.de/10009365235
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Cross-Border M&A Inflows and the Quality of Institutions : A Cross-Country Panel Data Analysis
Hur, Jung; Parinduri, Rasyad A.; Riyanto, Yohanes E. - East Asian Bureau of Economic Research (EABER) - 2007
This paper provides an empirical explanation to the observed disparity in cross-border M&A inflows to developing and developed countries over the last two decades. We show two main results. First, the disparity can be attributed to the difference in the quality of institutions between the two...
Persistent link: https://www.econbiz.de/10009363751
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The Changing US-China Investment Relationship
Rosen, Daniel H.; Hanemann, Thilo - East Asian Bureau of Economic Research (EABER) - 2013
The United States and China are at a turning point in their investment relationship. China’s previous investments in the US were predominantly in government securities, while other holdings were negligible. Recently, the accumulation of treasury securities has slowed and direct...
Persistent link: https://www.econbiz.de/10011134322
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China’s Direct Investment in the European Union : Challenges and Policy Responses
Nicolas, Françoise - East Asian Bureau of Economic Research (EABER) - 2013
The dramatic rise of Chinese direct investment into the European Union has sparked a debate about the control that China may be seeking to take over European economies. Quite naturally these concerns have led to repeated calls that action be taken to slow down, if not to halt entirely, this...
Persistent link: https://www.econbiz.de/10011134323
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Understanding Foreign Direct Investment in East Asia
Thorbecke, Willem; Salike, Nimesh - East Asian Bureau of Economic Research (EABER) - 2011
We recount East Asia’s experience with foreign direct investment (FDI). We document that, contrary to the Rybczynski theorem, capital flows in the region cause the host country’s labor-intensive industry to expand and its capital-intensive industry to decline. We also present...
Persistent link: https://www.econbiz.de/10009653172
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Understanding Foreign Direct Investment in East Asia
Thorbecke, Willem; Salike, Nimesh - East Asian Bureau of Economic Research (EABER) - 2011
We recount East Asia’s experience with foreign direct investment (FDI). We document that, contrary to the Rybczynski theorem, capital flows in the region cause the host country’s labor-intensive industry to expand and its capital-intensive industry to decline. We also present...
Persistent link: https://www.econbiz.de/10009653187
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India-Japan Investment Relations : Trends and Prospects
Nataraj, Geethanjali - East Asian Bureau of Economic Research (EABER) - 2010
Though Japan had been one of the top five investors in India for long, its share in Indias total FDI inflows has been dwindling since 2000. Other countries have surpassed Japan in terms of their investment and market share in the Indian economy. In this context, this study attempts to analyse...
Persistent link: https://www.econbiz.de/10009363403