Showing 1 - 10 of 16
on foreign direct investment (FDI) flows and on three sub-components of these flows for the countries of the en- larged … European Union. The model in the spirit of gravity equations robustly explains FDI flows between the 25 member states. Sample … selection needs to be addressed in the estimation. We show that the different subcomponents of FDI should and indeed do react …
Persistent link: https://www.econbiz.de/10010295800
The first aim of this paper is to decompose the productivity advantage of foreign multinationals into two components: the technology and scale effect. The second aim is to analyse the causal relationship between foreign ownership and these two components of productivity growth. We do so by...
Persistent link: https://www.econbiz.de/10014030887
the period 1989-2002. We find that German outward FDI increases in response to positive cyclical developments abroad and …
Persistent link: https://www.econbiz.de/10010295678
Using a firm-level dataset this paper investigates the impact of taxation on the decision of German multinationals to hold direct investments in other European countries or abroad. Controlling for firm-specific differences in the valuation of potential locations, the results confirm significant...
Persistent link: https://www.econbiz.de/10010295685
This paper tests some of the predictions of recent advances in trade theory that have focused on different trade patterns of firms within the same sector. Helpman, Melitz and Yeaple (2005) develop a model in which innate productivity differences between firms determine the degree of...
Persistent link: https://www.econbiz.de/10010295792
characteristics. Results indicate that FDI by non-banks exerted a strong pull effect on banking FDI flows, as did highly developed … variable turns out be highly negatively correlated with FDI flows. Disaggregation of the sample by region illustrates that the …
Persistent link: https://www.econbiz.de/10010295628
The paper discusses the question of whether financial participation of multilateral development banks does prompt private investors to inject more risky equity capital in emerging market banks. Using a theoretical model, it is stipulated that the presence of an official lender in a project gives...
Persistent link: https://www.econbiz.de/10010295629
The choice between foreign direct investment (FDI) and exports has been a recurrent theme in the literature on … study the FDI-versus-exports decision for banks. We use data on the foreign direct investment stocks and the cross … international expansion of banks. Our results also suggest that FDI and cross-border services are complements rather than …
Persistent link: https://www.econbiz.de/10010295632
investment (FDI) of nonfinancial firms, but little evidence is available for banks. This paper analyses whether banks have a …
Persistent link: https://www.econbiz.de/10010295633
The paper analyses the financial structure of German inward FDI. From a tax perspective, intra-company loans granted by …
Persistent link: https://www.econbiz.de/10010295673