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markets affects the relative productivity of firms across the region. Firms with foreign ownership and firms that export are … firm characteristics available in the database to explore the sources of export firms' greater productivity. We argue that … it is in aiming for export markets that firms make decisions that raise productivity. It is not simply that more …
Persistent link: https://www.econbiz.de/10012469820
Persistent link: https://www.econbiz.de/10000863077
This paper characterizes the capital flows in Asia before and after the Asian currency crisis of 1997. Differences in foreign direct investment, portfolio investment, and bank lending are emphasized. There are common factors and idiosyncratic factors to the role of capital flows in the currency...
Persistent link: https://www.econbiz.de/10012471660
Disparity between control and ownership rights gives rise to the risk of tunneling by the controlling shareholder, and is prevalent in many emerging market economies and present in some developed countries. At the same time, international investors come from different countries whose home...
Persistent link: https://www.econbiz.de/10012464925
Jwa Sung-hee: Reorganization of Korea's macroeconomic management. - S. 1-64. Yoo Jungho: The nature of the national economy in the borderless world and the role of the government. - S. 65-96. Mihn Kyoung-hwie: Industrial structural changes and enhancing competitiveness. - S. 97-136. Encarnation,...
Persistent link: https://www.econbiz.de/10014006353
Persistent link: https://www.econbiz.de/10014008978
reverse this prediction. Data for 1070 large Japanese firms reveal that firms that invest abroad and export are more … productive than firms that just export. Among overseas investors, more productive firms span a wider range of host-country income …
Persistent link: https://www.econbiz.de/10012468642
We develop a simple model of the choice between exploiting a technology in another country via export and via direct … opposite tendency. Taking population, per capita income, factor endowments, and distance into account, we find Japan to be more …
Persistent link: https://www.econbiz.de/10012473405
This paper applies a novel empirical approach to characterising the horizontal-ness and vertical-ness of affiliates based on Yeaple's complex FDI concept. In its simplest form, horizontal-ness is measured as affiliates' local sales share while their vertical-ness is measures as their share of...
Persistent link: https://www.econbiz.de/10012460576