Showing 1 - 10 of 174
In this paper, we examine the various links among foreign direct investment (FDI), financial markets, and economic … growth. We explore whether countries with better financial systems can exploit FDI more efficiently. Empirical analysis …, using crosscountry data between 1975- 1995, shows that FDI alone plays an ambiguous role in contributing to economic growth …
Persistent link: https://www.econbiz.de/10005561328
relationship between exchange rate and stock price in Malaysia, whereas a unidirectional causal relationship running from exchange …
Persistent link: https://www.econbiz.de/10005556595
One of the most enduring debates in economics is whether financial development causes economic growth or whether it is a consequence of increased economic activity. Little research into this question, however has used a true causality framework. This paper fills this lacuna by using...
Persistent link: https://www.econbiz.de/10005413076
An unstable macroeconomic environment is often regarded as detrimental to economic growth. Among the sources contributing to such instability, much of the blame has been assigned to political issues. This paper empirically tests for a causal and negative long-run relationship between political...
Persistent link: https://www.econbiz.de/10005118768
country and industry levels and generally concentrate on overall FDI flows without distinguishing among different modes of FDI …. Empirical studies focusing on aggregated inward and outward FDI flows, especially at the country level, implicitly assume that … the same factors motivate all modes of FDI. To the extent that this is not the case, many empirical studies of overall FDI …
Persistent link: https://www.econbiz.de/10005062702
and performance of firms, we find that: i) corruption reduces FDI inflows and attracts lower quality investment in terms … of governance standards; ii) in misgoverned settings, FDI firms may magnify the problems of state capture and procurement … kickbacks, while paying a lower overall bribe burden than domestic firms; iii) FDI firms undertake those forms of corruption …
Persistent link: https://www.econbiz.de/10005407674
growth and agglomerations in Mexico between 1994 and 2000. The results also indicate that job growth and FDI are not …
Persistent link: https://www.econbiz.de/10005556194
difference in national tax influence capital inflows and outflows. More, using a cointegration analysis on GDP procapita and FDI …
Persistent link: https://www.econbiz.de/10005556893
(FDI) and the effect of FDI on per capita GDP growth in Bolivia over the period 1990:1-1998:4. The regression results find … capitalization inflows significantly impact FDI, while FDI, along with the terms-of-trade, the ratio of private sector credit to GDP …. The exclusion of capitalization inflows from total FDI in the FDI determinants model has very little impact on the overall …
Persistent link: https://www.econbiz.de/10005561297
This paper analyses the NAIRU making use of a cointegrated VAR and of Italian labour market data. We show that a cointegrated VAR represents a statistically adequate (using Aris Spanos's terminology) approach to the estimation of the NAIRU. This is an effective way to overcome several problems...
Persistent link: https://www.econbiz.de/10005062554