Showing 1 - 10 of 57
This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the … and the distribution of outward FDI stocks among these countries. The results reveal a complementarity between trade and …. Using a simulation-based technique, we find that estimates of FDI effects of EMU range between 18.5% for Poland and 30% for …
Persistent link: https://www.econbiz.de/10005137357
Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between … empirically the effect of different dimensions of distance on the choice between exports and FDI. We find that different … dimensions of distance affect exports and FDI differently. There is clear evidence of a proximity-concentration trade-off in …
Persistent link: https://www.econbiz.de/10005016266
This paper analyses the national tax treatment of interest expenditures of multinational enterprises in a non- cooperative world. It is shown that the international tax system generally leads to distortions in the capital decisions of multinational firms. In contrast to the existing literature...
Persistent link: https://www.econbiz.de/10005144554
We build a dynamic general equilibrium model with 2 countries, horizontal and vertical multinational activity and endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary relationship between domestic and foreign investment....
Persistent link: https://www.econbiz.de/10005136938
Ineffective institutions increase transaction costs and reduce trade. This paper shows that differences in the effectiveness of institutions offer an explanation for the tendency of OECD countries to trade disproportionately with each other, and with non-OECD countries.
Persistent link: https://www.econbiz.de/10005209492
Formal trade barriers and transport costs explain only part of the resistance to international trade. Search costs on the international market and insecurity of property rights and contract enforcement have recently been emphasized as important intangible barriers to trade. This paper proposes...
Persistent link: https://www.econbiz.de/10005144448
The gravity model is the workhorse model to describe and explain variation in bilateral trade patterns. Consistent with both Heckscher-Ohlin models and models of imperfect competition and trade, this versatile model has proven to be very successful, explaining a large part of the variance in...
Persistent link: https://www.econbiz.de/10005144549
(FDI), both inward FDI into the UK and outward FDI from the UK. This study contributes to the literature on the above …-mentioned association between migration and FDI, by using the UK annual data from 2001 to 2007 for 22 countries on the inward volume of FDI … and for 27 countries on the outward volume of FDI. Our study finds a significant and positive relationship between …
Persistent link: https://www.econbiz.de/10009322994
Studies on the determinants of the demand for higher education typically emphasize the relevance of socio-economic factors, but leave the spatial dimensions of the prospective students’ university choices largely unexplored. In this study, we investigate the determinants of university entrance...
Persistent link: https://www.econbiz.de/10005137033
During the last decades, the growth of trade between China and the Netherlands has been larger than the increase in bilateral trade flows between China and most other countries. Using a time series based gravity model, this paper investigates the main determinants of this increase. The empirical...
Persistent link: https://www.econbiz.de/10005137038