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PRODUCTIVITY SPILLOVERS FROM MULTINATIONAL CORPORATIONS: VULNERABILITY TO DEFICIENT ESTIMATION
Proenca, Isabel; Fontoura, Maria Paula; Crespo, Nuno - EconWPA - 2005
Evidence on productivity spillovers from FDI to domestic firms is ambiguous. Incorrect estimation procedures may be one of the sources for the contradictory results obtained in empirical studies on this subject. We observe that inadequacy of the estimation procedures leads to a severe...
Persistent link: https://www.econbiz.de/10005062627
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Pollution Haven or Hythe? New Evidence from Mexico
Waldkirch, Andreas; Gopinath, Munisamy - EconWPA - 2004
Foreign direct investment (FDI) flows into developing countries have been increasing dramatically over the past decade. At the same time, there has been widespread concern that lax environmental standards are in part responsible for this surge. This paper revisits the pollution haven hypothesis...
Persistent link: https://www.econbiz.de/10005408016
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Environmental Technology Transfer in a FDI Regime A Developing Country Perspective
One, Author; Two, Author; Thirdone, U. - EconWPA - 2002
The environmental impact of Foreign Direct Investment is still to be explored totally. It is often argued that investment may come to a region or country where environment protection norms are less strict. Investors may be induced to outsource their pollution-intensive production where the...
Persistent link: https://www.econbiz.de/10005408033
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Environmental Technology Transfer in a FDI Regime: A Developing Country Perspective
Bhattacharya, Angshuman - EconWPA - 2002
The environmental impact of Foreign Direct Investment is still to be explored totally. It is often argued that investment may come to a region or country where environment protection norms are less strict. Investors may be induced to outsource their pollution-intensive production where the...
Persistent link: https://www.econbiz.de/10005408039
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What Drives Capital Flows? The Case of Cross-Border M&A Activity and Financial Deepening
Giovanni, Julian di; Contact: iber@haas.berkeley.edu - EconWPA - 2003
What macroeconomic and financial variables play key roles in the foreign direct investment decision (FDI) of firms? This question is addressed in this paper using a large panel data set of cross-border Merger & Acquisition (M&A) deals for the period 1990-1999. Various econometric specifications...
Persistent link: https://www.econbiz.de/10005556441
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Vertical FDI? A Host Country Perspective
Waldkirch, Andreas - EconWPA - 2004
Recent empirical studies of the determinants of multinational activity across countries have found overwhelming support for a horizontal rather than a vertical model of foreign direct investment (FDI). They all use U.S. or other developed country data. This paper, in contrast, uses a previously...
Persistent link: https://www.econbiz.de/10005119290
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Foreign Banks in Transition Economies: Small Business Lending and Internal Capital Markets
Haas, Ralph de; Naaborg, Ilko - EconWPA - 2005
On the basis of focused interviews with managers of foreign parent banks and their affiliates in Central Europe and the Baltics, we analyse foreign banks’ small business lending and internal capital markets. This allows us to complement the standard empirical literature, which has difficulty...
Persistent link: https://www.econbiz.de/10005125553
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Empirical evidence on the incentives to hedge transaction and translation exposure
Hagelin, Niclas; Pramborg, Bengt - EconWPA - 2004
study uses survey data, which enables us to differentiate between hedging aimed at translation exposure and transaction … increasing with firm size and exposure and that liquidity constraints are important in explaining transaction exposure hedging …. Importantly, we find that the existence of loan covenants explains translation exposure hedging. This suggests that firms hedge …
Persistent link: https://www.econbiz.de/10005413167
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Foreign Direct Investment and International Business Cycle Comovement
Jansen, W. Jos; Stokman, Ad C.J. - EconWPA - 2004
This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations in the period 1982–2001. We find that countries that have comparatively intensive FDI relations also have more synchronized business cycles during 1995–2001. Before 1995, we...
Persistent link: https://www.econbiz.de/10005076717
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Gains and losses: the same or different choices? A “non-ideal” economics approach.
Harin, Alexander - EconWPA - 2005
infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields …
Persistent link: https://www.econbiz.de/10005124942