Showing 1 - 10 of 153
Now close to 50 percent of GDP, this paper assesses the appropriateness of China’s current investment levels. It … stand out, partly due to a surge in investment over the last decade. Moreover, its investment is significantly higher than …. However, because its investment is predominantly financed by domestic savings, a crisis appears unlikely when assessed against …
Persistent link: https://www.econbiz.de/10011142176
This paper summarizes recent arguments/findings on two aspects of foreign direct investment (FDI): its correlation with … importance of fiscal incentives, the business/investment climate, labor costs, and openness. …
Persistent link: https://www.econbiz.de/10005769019
This paper examines how capital controls affect FDI decisions and how the impact of these restrictive measures varies with different levels of country risk. We construct a model of firms' FDI decisions, broadly in Dunning's "eclectic theory" framework, using "real options" to emphasize economic...
Persistent link: https://www.econbiz.de/10005769054
China's dramatic success in attracting foreign direct investment (FDI) has raised concerns that it has success diverted … for low-wage investment, and countries with low levels of education or scientific development do not seem to have been …
Persistent link: https://www.econbiz.de/10005769097
This paper develops a model that highlights the importance of clusters for attracting foreign direct investment. It … clusters can make investment so profitable that investors can even afford to tolerate more policyinduced distortions than …
Persistent link: https://www.econbiz.de/10005604916
This study examines the determinants of entry into by foreign firms, using information on 515 Chinese industries at the provincial level during 1998-2001. The analysis, rooted in the new economic geography, focuses on market and supplier access within and outside the province of entry, as well...
Persistent link: https://www.econbiz.de/10005605161
rates of FDI as well as domestic capital formation. This "investment hunger" can lead to unanticipated declines in the … returns to investment, and resulting financial insolvencies. Private consumption remains low and there are concerns that high …
Persistent link: https://www.econbiz.de/10005825678
positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to …
Persistent link: https://www.econbiz.de/10011242433
We argue that the U.S. personal saving rate’s long stability (from the 1960s through the early 1980s), subsequent steady decline (1980s - 2007), and recent substantial increase (2008 - 2011) can all be interpreted using a parsimonious ‘buffer stock’ model of optimal...
Persistent link: https://www.econbiz.de/10011242291
This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...
Persistent link: https://www.econbiz.de/10010878416