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FDI ends up in China, putting the cohesion of the EU at stake and triggering a regional race within China. … integration will trigger a race between countries to attract inward foreign direct investment (FDI). It is further argued that … inward FDI (the 'elements' of the race) deviate from those of long-term efforts to develop a favourable investment climate …
Persistent link: https://www.econbiz.de/10005645346
No abstract.
Persistent link: https://www.econbiz.de/10010818456
The multinational firm (MNF) is introduced as the intersection between trade theory and the theory of the firm. I show that economies of scale associated with various knowledge inputs have made it possible for firms to grow large through internationalization and, once large, staying competitive...
Persistent link: https://www.econbiz.de/10011019068
Real exchange and interest rates may still fluctuate inside the EMU and give rise to changes in competitiveness. We find, in contrast to what is generally expected, no convergence in these variables after the introduction of the euro. On the contrary, a divergence is found that is extraordinary...
Persistent link: https://www.econbiz.de/10005419554
We analyze producer price developments in the transition from a national exchange rate regime to a monetary union. The focus is on the European Economic and Monetary Union (EMU). Stylized facts witness about an exploding gaps in producer-price inflation during the years immediately following the...
Persistent link: https://www.econbiz.de/10005645348
The process of globalization encompasses economic and financial integration. Abolition of capital controls and dismantling of barriers of different kinds are important ingredients of the process that will entirely change the exposure of previously sheltered companies to shocks on the global...
Persistent link: https://www.econbiz.de/10005645385
We provide facts showing that in service markets: (i) restrictions on foreign direct investment (FDI) are under reform …, (ii) cross-border Mergers & Acquisitions dominate as the entry mode of FDI, and (iii) there is often a high market …. In this vein, harmonization of the EU takeover regulations may particularly benefit assets owners in countries with many …
Persistent link: https://www.econbiz.de/10005645414
– could be an important part of a reform agenda. Adopting a Southern perspective by focusing on exports from non-EU … Mediterranean countries to the EU, we test whether the efficiency of trade procedures affects (i) bilateral volumes of exports, and …
Persistent link: https://www.econbiz.de/10009283230
both tariff and non-tariff barriers like trade procedures. We argue that since trade procedures vary markedly across EU … countries, the EU is not, strictly speaking, a customs union. To illustrate this, we estimate the impact of trade procedures on … exports from non-EU countries and find a highly statistically significant and negative effect. Simulating what the effects …
Persistent link: https://www.econbiz.de/10008548991
This paper examines whether and, if so, why source country heterogeneity exists in foreign direct investment (FDI …
Persistent link: https://www.econbiz.de/10010944998