Showing 1 - 10 of 268
This paper investigates the role of economic structures as determinants of FDI inflows. We expand on the existing … literature by focusing on advanced economies, using a newly available measure of FDI which cleans the data from statistical … structures to FDI inflows. These results are robust to various economic specifications and are confirmed when restricting our …
Persistent link: https://www.econbiz.de/10012953698
In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … theoretically and empirically that the single currency alters the drivers of FDI inflows across its Member States. Estimating … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI …
Persistent link: https://www.econbiz.de/10012871300
We analyze the interlinkages between foreign direct investment (FDI) and foreign portfolio investment (FPI) between … of FDI. Second, we show that foreign and the home stock market returns explain the variation of the growth rate of the … other words, FDI transactions measured by fitted growth rates of the stock of FDI help explaining current growth rates of …
Persistent link: https://www.econbiz.de/10013316839
This paper reviews reassesses the methodology and principal findings of the “Rose effect”, i.e. the trade effects of currency union, looking at both EMU and non-EMU currency unions. The consensus estimate suggests that the euro has already boosted intra-euro area trade by five to ten...
Persistent link: https://www.econbiz.de/10011604640
This paper studies for the first time the links between interbank liability and equity markets (financial exposure), and mergers and acquisitions (M&As) in the European banking sector, both at the micro and macro level. Using a binary logit model, the paper first examines - at the micro level -...
Persistent link: https://www.econbiz.de/10014278552
-constructed dataset we find a positive association between bilateral FDI stock and both gross bilateral trade and the bilateral import … global perspective stand out both in terms of degree of global value chain-participation and size of inward FDI stock …
Persistent link: https://www.econbiz.de/10011804375
In a panel covering a large number of countries from 1970 to 2003, we show that net portfolio flows play an important role in correcting external imbalances, since they are driven by common determinants represented by countries’ demographic profiles, the quality of institutions, monetary...
Persistent link: https://www.econbiz.de/10011604697
In a panel covering a large number of countries from 1970 to 2003, we show that net portfolio flows play an important role in correcting external imbalances, since they are driven by common determinants represented by countries' demographic profiles, the quality of institutions, monetary...
Persistent link: https://www.econbiz.de/10013317564
This paper presents empirical evidence of the effect of FDI inflows on productivity convergence in central and eastern …, both at the country and at the industry level. Second, FDI inflow plays an important role in accounting for productivity … growth. Third, the impact of FDI on productivity critically depends on the absorptive capacity of recipient countries and …
Persistent link: https://www.econbiz.de/10011605038
-constructed dataset we find a positive association between bilateral FDI stock and both gross bilateral trade and the bilateral import … global perspective stand out both in terms of degree of global value chain-participation and size of inward FDI stock …
Persistent link: https://www.econbiz.de/10012956243