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Multinational Enterprises, International Trade, and Productivity Growth; Firm-Level Evidence From the United States
Yeaple, Stephen R.; Keller, Wolfgang - International Monetary Fund (IMF) - 2003
(FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …
Persistent link: https://www.econbiz.de/10005263684
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FDI and the Investment Climate in the CIS Countries
Shiells, Clinton R. - International Monetary Fund (IMF) - 2003
In view of disappointing levels of inward foreign direct investment (FDI), this paper examines capital flows into the Commonwealth of Independent States (CIS) countries and investigates the main impediments to a more favorable investment climate. Direct investment inflows have generally been...
Persistent link: https://www.econbiz.de/10005248333
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What Moves Capital to Transition Economies?
Mora, Nada; Sahay, Ratna; Zettelmeyer, Jeromin; … - International Monetary Fund (IMF) - 2002
Between 1991 and 1999, capital flows to 25 transition economies in Europe and the former Soviet Union differed widely in terms of overall levels and the share and composition of private flows. With some exceptions (notably Russia), the main form of private inflows was foreign direct investment....
Persistent link: https://www.econbiz.de/10005826507
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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
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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 FDI from other countries in Asia. We develop a new methodology to estimate crowding out, and we use it to investigate the impact of China's emergence on FDI flows to Asia using...
Persistent link: https://www.econbiz.de/10005769097
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Effects of Financial Globalization on Developing Countries; Some Empirical Evidence
Kose, M. Ayhan; Rogoff, Kenneth; Prasad, Eswar; Wei, … - International Monetary Fund (IMF) - 2003
This study provides a candid, systematic, and critical review of recent evidence on this complex subject. Based on a review of the literature and some new empirical evidence, it finds that (1) in spite of an apparently strong theoretical presumption, it is difficult to detect a strong and robust...
Persistent link: https://www.econbiz.de/10005590880
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Hong Kong SAR Economic Integration with the Pearl River Delta
Unteroberdoerster, Olaf; Chen, Hongyi - International Monetary Fund (IMF) - 2008
Hong Kong SAR's economic integration with the Mainland has primarily taken place in the Pearl River Delta (PRD). Taking stock of integration trends, this paper discusses key implications for ensuring economic benefits of further integration are sustained and associated costs minimized. Besides...
Persistent link: https://www.econbiz.de/10005599204
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FDI Flows to Low-Income Countries; Global Drivers and Growth Implications
International Monetary Fund (IMF); International … - 2010
What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge: (i) lower...
Persistent link: https://www.econbiz.de/10008560450
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Economic Integration, Business Cycle, and Productivity in North America
Kose, M. Ayhan; Cardarelli, Roberto - International Monetary Fund (IMF) - 2004
productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement … productivity of Canadian industries, the persistence of structural differences between the two countries has prevented convergence … of aggregate labor productivity. While these findings seem to weigh against moving toward a monetary union, they also …
Persistent link: https://www.econbiz.de/10005769318
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Germany; 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany
International Monetary Fund (IMF); International … - 2011
Germany’s economic growth and recovery from the global crisis are explained in this study. Tax, education, and innovation policies are specific measures supported by the authorities. External and financial shocks received by Germany and other outward spillovers are outlined. Germany has a...
Persistent link: https://www.econbiz.de/10011245844