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Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI

Aizenman, Joshua - 2002

obstacles associated with corruption and weak institutions. We model these circumstances in a principal-agent framework with … economic corruption as an indicator of the strength of property right enforcement within a given country. We compare corruption … levels for a large cross section of countries in 1989 to subsequent FDI flows from 1990 to 1999. We find that corruption is …

Persistent link: https://www.econbiz.de/10012469382

More stringent BITs, less ambiguous effects on FDI? : Not a Bit!

Berger, Axel; Busse, Matthias; Nunnenkamp, Peter; Roy, … - 2010

We focus on investor-state dispute settlement provisions contained in various, though far from all, bilateral investment treaties as a possible determinant of BIT-related effects on bilateral FDI flows. Our estimation results prove to be sensitive to the specification of these provisions as well...

Persistent link: https://www.econbiz.de/10003956967

Do trade and investment agreements lead to more FDI? : Accounting for key provisions inside the black box

Berger, Axel; Busse, Matthias; Nunnenkamp, Peter; Roy, … - 2010

The previous literature provides a highly ambiguous picture on the impact of trade and investment agreements on FDI. Most empirical studies ignore the actual content of BITs and RTAs, treating them as "black boxes", despite the diversity of investment provisions constituting the essence of these...

Persistent link: https://www.econbiz.de/10008652617

What drives FDI from non-traditional sources? : A comparative analysis of the determinants of bilateral FDI flows

Sosa Andrés, Maximiliano; Nunnenkamp, Peter; Busse, … - 2012

Non-traditional source countries of FDI play an increasingly important role, notably in developing host countries. This raises the question of whether the determinants of FDI differ systematically between traditional and non-traditional source countries. We perform Logit and Poisson Pseudo...

Persistent link: https://www.econbiz.de/10009425487

Bilateral investment treaties do work : until they don't

Aisbett, Emma; Busse, Matthias; Nunnenkamp, Peter - 2016

The recent boom of investor-state disputes filed under international investment agreements has fueled a controversial academic and policy debate. Despite its importance, there has been very little work to date on the impacts of compensation claims by investors on FDI flows to the responding host...

Persistent link: https://www.econbiz.de/10011413955

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...

Persistent link: https://www.econbiz.de/10012479322

Determinants of Financial Stress and Recovery during the Great Recession

Aizenman, Joshua - 2010

In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing of emergence of internal financial stress in developing economies, and the size of the peak-trough declines in the stock price...

Persistent link: https://www.econbiz.de/10012462052

From the Great Moderation to the global crisis : Exchange market pressure in the 2000s

Aizenman, Joshua - 2010

This paper investigates the factors explaining exchange market pressures (EMP) and the hoarding and use of international reserves (IR) by emerging markets during the 2000s, as the Great Moderation turned to the 2008-9 global crisis and great recession. According to our results, both financial...

Persistent link: https://www.econbiz.de/10012462210

Thresholds in the Process of International Financial Integration

Kose, M. Ayhan - 2009

, however, is that there seem to be certain "threshold" levels of financial and institutional development that an economy needs …

Persistent link: https://www.econbiz.de/10012463732

Does Openness to International Financial Flows Raise Productivity Growth?

Kose, M. Ayhan - 2008

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10012464090