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
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
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
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
This Selected Issues paper examines implications of capital account liberalization in Iceland. Capital controls were critical in 2008 to avoid a more severe collapse of the Icelandic economy. Six years later, capital inflows have been liberalized, but most outflows remain restricted. Iceland has...
Persistent link: https://www.econbiz.de/10011244178
This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be explained by output dynamics and the greater sensitivity of...
Persistent link: https://www.econbiz.de/10011244439