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Determinants of, and the Relation Between, Foreign Direct Investment and Growth; A Summary of the Recent Literature

Lim, Ewe-Ghee - International Monetary Fund (IMF) - 2001

This paper summarizes recent arguments/findings on two aspects of foreign direct investment (FDI): its correlation with economic growth and its determinants. The first part focuses on recent literature regarding positive spillovers from FDI while the second deals with the determinants of FDI....

Persistent link: https://www.econbiz.de/10005769019

The Effect of Capital Controlson Foreign Direct Investment Decisions Under Country Risk with Intangible Assets

Elo, Kinga Z. - International Monetary Fund (IMF) - 2007

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

FDI Flows to Asia; Did the Dragon Crowd Out the Tigers?

Mercereau, Benoît - International Monetary Fund (IMF) - 2005

China's dramatic success in attracting foreign direct investment (FDI) has raised concerns that it has success diverted … impact of China's emergence on FDI flows to Asia using data from 14 Asian economies from 1984 to 2002. The results suggest … that China did not have much impact on FDI to other countries. In particular, lowincome economies, which compete with China …

Persistent link: https://www.econbiz.de/10005769097

Clusters As a Driving Engine for FDI

Yehoue, Etienne B. - International Monetary Fund (IMF) - 2005

This paper develops a model that highlights the importance of clusters for attracting foreign direct investment. It shows from a game theoretical perspective how the combination of setting up a cluster and implementing policy reforms will be a key engine for attracting FDI. Based on...

Persistent link: https://www.econbiz.de/10005604916

Trade Costs and Location of Foreign Firms in China

International Monetary Fund (IMF); International … - 2005

entry matters more than access to the rest of China, which is consistent with market fragmentation due to underdeveloped …

Persistent link: https://www.econbiz.de/10005605161

High Growth and Low Consumption in East Asia; How to Improve Welfare While Avoiding Financial Failures

Rochon, Céline; Feltenstein, Andrew; Shamloo, Maral - International Monetary Fund (IMF) - 2007

, loosely based upon China. We calibrate a benchmark equilibrium, and carry out various counterfactual simulations to analyze …

Persistent link: https://www.econbiz.de/10005825678

The Role of Risk and Information for International Capital Flows; New Evidence from the SDDS

Hashimoto, Yuko; Wacker, Konstantin - International Monetary Fund (IMF) - 2012

In this paper we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance...

Persistent link: https://www.econbiz.de/10011242433

Unstash the Cash! Corporate Governance Reform in Japan

Aoyagi, Chie; Ganelli, Giovanni - International Monetary Fund (IMF) - 2014

Japanâ€™s high corporate savings might be holding back growth. We focus on the causes and consequences of the current corporate behavior and suggest options for reform. In particular, Japanâ€™s weak corporate governanceâ€”as measured by available indexesâ€”might be...

Persistent link: https://www.econbiz.de/10011142069

Financial Constraints, Intangible Assets, and Firm Dynamics: Theory and Evidence

Chen, Sophia - International Monetary Fund (IMF) - 2014

I study whether firms' reliance on intangible assets is an important determinant of financing constraints. I construct new measures of firm-level physical and intangible assets using accounting information on U.S. public firms. I find that firms with a higher share of intangible assets in total...

Persistent link: https://www.econbiz.de/10011142148

Financial Decisions and Investment Outcomes in Developing Countries: The Role of Institutions

Turk, Rima - International Monetary Fund (IMF) - 2015

This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...

Persistent link: https://www.econbiz.de/10011242231