Corporate governance is vital in the effective implementation of domestic and foreign economic policies. In this context, this study examines the role of political connections in the Indian context to understand their impact on firms' productivity and technology transfer. We ask the following...

This paper investigates sources and determinants of foreign direct investment (FDI) flows to developing Asia using bilateral FDI flows for the period 1990-2005. The Triad (composed of Japan, EU, and the US) has accounted for about 35-40% of FDI inflows to developing Asia in recent years, with...

This study examines the effect of foreign direct investment (FDI) on local firms' productivity via human capital transfer from MNEs to local firms. Using the firm-level data for 2010-2015 from the Republic of Korea, we identify human capital spillovers using local firms' hired permanent foreign...

The People's Republic of China (PRC) has received enormous inflows of foreign direct investment (FDI) in recent years, including significant flows from Japan and the United States (US). We examine these investment flows in detail to gain perspectives on their relative importance for the three...

We recount East Asia's experience with foreign direct investment (FDI). We document that, contrary to the Rybczynski theorem, capital flows in the region cause the host country's labor-intensive industry to expand and its capital-intensive industry to decline. We also present narrative evidence...

The authors recount East Asia's experience with foreign direct investment (FDI). They document that, contrary to the Rybczynski theorem, capital flows in the region cause the host country's labor-intensive industry to expand and its capital-intensive industry to decline. They also present...

We examine the effect of foreign direct investment (FDI) on local firms’ productivity via human capital transfer from multinational enterprises (MNEs) to local firms. Using the firm-level data for 2010–2015 from the Republic of Korea, we identify human capital spillovers using local firms’...

This paper explores the welfare consequences of international outsourcing in the presence of resulting environmental damage in a three-stage model of North-South trade. In stage 1, outsourcing firms in the North (e.g., United States [US] and Europe) cause environmental damage to the vendor...

The emergence of the People's Republic of China (PRC) as a great economic power has stimulated an epochal shift in patterns of world trade, accompanied by a remarkable level of internal migration within the country. Hundreds of millions of Chinese workers have moved from inland areas to coastal...

While capital flows to emerging markets bring numerous benefits, they are also known to create macroeconomic imbalances (economic overheating, currency overvaluation) and increase financial vulnerabilities (domestic credit growth, bank leverage, foreign currency-denominated lending). But are all...