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We use Japanese microdata to examine how financial market frictions affect foreign direct investment (FDI). The … identify two possible transmission channels from financial shocks to FDI: (i) a collateral channel, whereby changes in the …
Persistent link: https://www.econbiz.de/10010496990
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign ownership and access to external finance affect the likelihood of manufacturers in emerging markets to export and/or import. Applying propensity score matching to control for...
Persistent link: https://www.econbiz.de/10009772816
political repression boosts FDI hypothesis and arrives at the conclusion that the hypothesis is not supported. On the contrary …
Persistent link: https://www.econbiz.de/10011397998
The past decades witnessed big changes in international trade with the rise of global value chains. Some countries, such as China, Poland, and Vietnam rode the tide, while other countries, many in the Africa region, faltered. This paper studies the determinants of participation in global value...
Persistent link: https://www.econbiz.de/10012213059
This paper studies the determinants of foreign land acquisition for large-scale agriculture. To do so, gravity models are estimated using data on bilateral investment relationships, together with newly constructed indicators of agro-ecological suitability in areas with low population density as...
Persistent link: https://www.econbiz.de/10009387247
investment (FDI). Firms that enter a foreign market by exporting are able to capture consumer surplus from introducing a … product space are lower and a merger with an incumbent (horizontal FDI) offers pricing power that allows the entrant to … can therefore explain why FDI has become more frequent in recent periods in the presence of falling trade costs. Cross …
Persistent link: https://www.econbiz.de/10010227197
Persistent link: https://www.econbiz.de/10003364261
Persistent link: https://www.econbiz.de/10003711774
In this paper, we study the role of Confucius Institute in supporting internationalization of Chinese enterprises. Employing a panel dataset containing 66 Belt-Road countries and 75 non Belt-Road countries from 2006 to 2017, we find that the Confucius Institute has had a positive effect on...
Persistent link: https://www.econbiz.de/10012258300
How did the rise of multinational enterprises (MNEs) put pressure on the prevailing international corporate tax framework? MNEs, and firms with market power, are not new phenomena, nor is the corporate income tax, which dates to the early 20th century. This prompts the question, what is...
Persistent link: https://www.econbiz.de/10012288036