-ante returns on investment. …

Firm-level data for the Czech Republic during 1992–6 suggest that foreign investment has tended to flow to firms of … find that foreign investment has a positive, but statistically insignificant, impact on TFP growth. This is surprising … firms. Spillovers associated with a foreign investment presence in an industry are found to be negatively correlated with …

, thereby enabling more efficient levels of investment. We present some case study evidence that this rationale for entering … into joint ventures is especially relevant in the context of infrastructure projects in developing countries, though other …

us to reject this view. In fact, a net capital inflow made possible to meet the demand for investment boosting economic …

Conventional wisdom has it that increasing price or exchange rate uncertainty will depress investment. Using the Dixit … uncertainty leads to more investment. It depends first on the risk of being stuck with (ex-post) unwanted investments, then on the … increase or decrease investment; and also to identify which types of industries would gain, and which would suffer, from a move …

This paper uses a new data-set to examine how internal capital markets and foreign ownership affect investment. Our … data allow us to compare investment behaviour of listed subsidiaries with stand-alone firms while controlling for … investment opportunities of parent and subsidiary firms. We evaluate how the size of ownership and the geographical proximity of …