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China's dramatic success in attracting foreign direct investment (FDI) has raised concerns that it has success diverted … FDI from other countries in Asia. We develop a new methodology to estimate crowding out, and we use it to investigate the … impact of China's emergence on FDI flows to Asia using data from 14 Asian economies from 1984 to 2002. The results suggest …
Persistent link: https://www.econbiz.de/10005769097
gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 11 percent of … is weaker than for FDI spillovers. The paper also gives a detailed account of why our study leads to results different …We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment …
Persistent link: https://www.econbiz.de/10005263684
Intro -- Contents -- I. INTRODUCTION -- II. DATA -- III. ECONOMETRIC PRELIMINARIES -- IV. "INTERNATIONAL R&D SPILLOVERS …" REVISITED -- V. INSTITUTIONS AND INTERNATIONAL R&D SPILLOVERS -- VI. CONCLUSIONS -- APPENDIX A: ALTERNATIVE SPECIFICATION …
Persistent link: https://www.econbiz.de/10012682177
confidence channels. The magnitude of cross-border spillovers is larger for countries with relatively high bilateral trade …
Persistent link: https://www.econbiz.de/10015059091
cross-border investment. Spillovers from statutory tax rates abroad seem: As sizable as effects from the host's rate; larger … than previous consensus values (attributed to a systematic bias from FDI data); and consistent with 'implicit' profit …
Persistent link: https://www.econbiz.de/10015059218
In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that failing to address the fiscal imbalances associated with current federal fiscal...
Persistent link: https://www.econbiz.de/10009488208
Large fiscal financing needs, both in advanced and emerging market economies, have often been met by borrowing heavily from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure to sovereign risk created a fragile inter-dependence...
Persistent link: https://www.econbiz.de/10010878417
This paper takes stock of the current state of development of the financial systems in five Central European transition economies (the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia) that are also leading EU accession candidates. It presents both a progress report and an...
Persistent link: https://www.econbiz.de/10005248292
This paper assesses whether regional cooperation and integration of stock exchanges in eastern and southern Africa could offer a way of overcoming impediments to the exchanges' development. The paper concludes that regional cooperation and, at a later stage, integration, if carried out at the...
Persistent link: https://www.econbiz.de/10005263689
The recent round of debt relief has restored debt sustainability in many low-income countries (LICs). This, along with a continued search for yield and desire for portfolio diversification by investors, has increased the range of viable financing options, including international bonds, for many...
Persistent link: https://www.econbiz.de/10005263693