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). First, we provide a theoretical foundation for a gravity-type FDI model, which shows that physical distance and … FDI data for a total of 47 OECD and non- OECD countries from 1980 to 1997 and find that distance is negatively related to … prominent in the 1990s than in the 1980s. Moreover, IT plays a more effective role by reducing communication cost when distance …
Persistent link: https://www.econbiz.de/10009392031
etc) appear to positively impact bilateral flows in most cases, distance -- broadly proxying some sort of transactions and … / or information frictions -- stands out as consistently hindering all types of capital flows. But does greater distance … distance change the composition of capital flows? This is the specific question that this paper focuses on, differentiating …
Persistent link: https://www.econbiz.de/10009421172
higher in advanced countries, are negatively correlated with the distance between markets, and increase at times of active …
Persistent link: https://www.econbiz.de/10010840731
explaining the long-run strong performancee of global exports; (2)The deterrent effect of economic and cultural distance on …
Persistent link: https://www.econbiz.de/10010840741
If South Asia and Sub-Saharan Africa are to become constructively engaged in the next attempt by World Trade Organization (WTO) members to liberalize trade multilaterally, they need to be convinced that there will be sufficient gains from trade reform to warrant the inevitable costs of...
Persistent link: https://www.econbiz.de/10009318896
In a production structure reasonable for a developing economy this note shows that there may arise a conflict between the worldwide liberalized trade policies in agriculture, which raise the price of the economy’s primary exportable commodity, and the inflow of foreign capital into the...
Persistent link: https://www.econbiz.de/10009318917
Increasingly, developing countries embrace foreign direct investment (FDI) and simultaneously pursue economic integration with developed countries. Foreign investment is subject to sovereign risk and free trade agreements may serve as a commitment mechanism in order to achieve higher sustainable...
Persistent link: https://www.econbiz.de/10009392005
This paper discusses the challenges confronting developing countries seeking to use WTO negotiations to promote their economic growth and performance. Progress will require that major stakeholders within countries perceive the overall package to be beneficial. A number of possible focal points...
Persistent link: https://www.econbiz.de/10009364784
In this paper we evaluate the potential benefits of international disciplines on policies towards foreign direct investment, paying particular attention to developing countries. We conclude that, at present, the case for initiating negotiations on investment policies is weak. Negotiations that...
Persistent link: https://www.econbiz.de/10010840739
This short paper explores the complementarity between foreign aid and foreign direct investment (FDI). Recent studies on aid concluded that aid should come to an end or be reduced with a radical modification of the terms and conditions and FDI and trade should replace aid as the engine of...
Persistent link: https://www.econbiz.de/10010840799