Showing 1 - 10 of 59
Using the international investment regime as its point of departure, the paper applies notions of bounded rationality to the study of economic diplomacy. Through a multi-method approach, it shows that developing countries often ignored the risks of bilateral investment treaties (BITs) until they...
Persistent link: https://www.econbiz.de/10010745595
FDI option, while growing market size and national income facilitate early exercise. The model is extended to include a … Poisson jump process, which has policy implications for FDI reforms and explains ‘wait and watch’ behaviour of multinational … based on the theory of call options, I solve ‘FDI option’ as a put option, thereby also enriching the theory of real options. …
Persistent link: https://www.econbiz.de/10010928806
We explore the relation between international financial integration and the level of entrepreneurial activity in a country. Using a unique data set of approximately 24 million firms in nearly 100 countries in 1999 and 2004, we find suggestive evidence that international financial integration has...
Persistent link: https://www.econbiz.de/10010746519
This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional...
Persistent link: https://www.econbiz.de/10011071453
Studies on the productivity spillovers of FDI have concentrated on the national-sectoral level. As a result, little is … known about the impact of FDI on absolute and relative regional economic performance. In this paper we examine this issue by … regions. In this way, despite the tendency of FDI to concentrate in a few only areas within the country –those of the highest …
Persistent link: https://www.econbiz.de/10010686676
By employing a comparative method that analyzes China’s increasing presence in different Latin America countries, this study explores key features and implications of Beijing’s approach towards this region. Colombia, Ecuador and Peru are used as case studies to evaluate China’s diplomatic...
Persistent link: https://www.econbiz.de/10011186584
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10010884636
The purpose of this article, and of its earlier companion article (Part (1) Rule-making, 12 European Business Organization Law Review (2011) p. 41), is to examine the implications of the new European Securities and Markets Authority which was established in January 2011. In the wake of the...
Persistent link: https://www.econbiz.de/10010745044
This article explores the principles that should guide efforts to raise finance for climate action in developing countries. The main conclusions are that, first, there is an important role for private finance, which would be facilitated by having pervasive and broadly uniform emissions pricing...
Persistent link: https://www.econbiz.de/10010745946
Many developing and transitional countries have grown faster than advanced countries in the past decade, resulting in a shift in the distribution of world income in their favor. China is now the second largest economy in the world, behind the United States and ahead of Japan. As the relative...
Persistent link: https://www.econbiz.de/10011126516