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FDI, global value chains, and local sourcing in developing countries
Amendolagine, Vito; Presbitero, Andrea; Rabellotti, Roberta - 2017
The local sourcing of intermediate products is one the main channels for foreign direct investment (FDI) spillovers. This paper investigates whether and how participation and positioning in the global value chains (GVCs) of host countries is associated to local sourcing by foreign investors....
Persistent link: https://www.econbiz.de/10012112331
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Foreign Direct Investment in Emerging Markets : Income, Repatriations and Financial Vulnerabillities
Lehmann, Alexander - 2002
Based on U.S. data, the returns on foreign direct investment in emerging markets are shown to be substantially higher than would be suggested by official balance of payments statistics. This paper identifies the determinants of FDI profitability in 43 industrialized and developing countries....
Persistent link: https://www.econbiz.de/10014399589
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How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels
Terrones, Marco - 2007
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The … why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our …
Persistent link: https://www.econbiz.de/10014400319
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What is real and what is not in the global FDI network?
Damgaard, Jannick; Elkjaer, Thomas; Johannesen, Niels - 2019
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom investment...
Persistent link: https://www.econbiz.de/10012155009
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The global FDI network : searching for ultimate investors
Damgaard, Jannick; Elkjaer, Thomas - 2017
This paper addresses three types of geographical decoupling in foreign direct investment (FDI), id est, challenges when using traditional FDI data as a proxy for real economic integration between economies: (i) large bilateral asymmetries between inward and outward FDI, (ii) the role of special...
Persistent link: https://www.econbiz.de/10011763759
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Global firms, national corporate taxes : an evolution of incompatibility
Hebous, Shafik - 2020
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/10012301968
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Country Risks and the Investment Activity of U.S. Multinationals in Developing Countries
Lehmann, Alexander - 1999
This paper develops a simple real options model that demonstrates the role of country-specific risk and sunk costs in determining a multinational’s choice between exports and foreign investment. The hypotheses from the model are tested for the distribution of capital expenditures by U.S.-owned...
Persistent link: https://www.econbiz.de/10014400938
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Outward Foreign Direct Investment and Domestic Investment : The Case of Developing Countries
Al-Sadiq, Ali J. - 2013
Over the past two decades, the growth rate of outward foreign direct investment (FDI) from developing and transition economies has increased significantly. Given the role of physical capital accumulation in determining the economic growth rate, it is important to assess how domestic investment...
Persistent link: https://www.econbiz.de/10014395382
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China'S Integration Into the World Economy : Implications for Developing Countries
Yang, Yongzheng - 2003
Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did … (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital … markets may adversely affect their own growth prospects. This paper examines the implications of China’s WTO accession for …
Persistent link: https://www.econbiz.de/10014403900
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International trade and corporate market power
Gonzalez-Garcia, Jesus; Yang, Yuanchen - 2020
This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff data by sector and agreggate indicators of international...
Persistent link: https://www.econbiz.de/10012299347