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How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages
Alfaro, Laura - 2010
The empirical literature finds mixed evidence on the existence of positive productivity externalities in the host country generated by foreign multinational companies. We propose a mechanism that emphasizes the role of local financial markets in enabling foreign direct investment (FDI) to...
Persistent link: https://www.econbiz.de/10012760635
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Global Production with Export Platforms
Tintelnot, Felix - 2016
Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...
Persistent link: https://www.econbiz.de/10012992631
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Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment
Desai, Mihir A.; Foley, C. Fritz; Hines Jr., James R. - 2021
reported by multinational firms with particular attention to the regional dynamics of tax competition and the role of chains of … intensifying tax competition between European jurisdictions …
Persistent link: https://www.econbiz.de/10013239947
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Foreign Direct Investment in the U.S. And U.S. Trade
Lipsey, Robert E. - 2021
Foreign-owned manufacturing firms' shares of U.S. trade grew from almost nothing in the 1960s to 7 or 8 per cent of trade in manufactured goods by the 1980s. It has changed little in the past decade, except for fluctuations related to changing U.S. exchange rates. Foreign-owned firms are less...
Persistent link: https://www.econbiz.de/10013226179
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Political Competition and Economic Performance : Theory and Evidence from the United States
Besley, Timothy J.; Persson, Torsten; Sturm, Daniel M. - 2021
One of the most cherished propositions in economics is that market competition by and large raises consumer welfare …. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model … to explain why political competition may enhance economic performance and uses the United States as a testing ground for …
Persistent link: https://www.econbiz.de/10013227235
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Does Openness to International Financial Flows Raise Productivity Growth?
Kose, M. Ayhan - 2010
Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...
Persistent link: https://www.econbiz.de/10012758028
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Foreign Capital and Economic Growth
Prasad, Eswar S. - 2010
We document the recent phenomenon of quot;uphillquot; flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between...
Persistent link: https://www.econbiz.de/10012759675
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Foreign Capital and Economic Growth in the First Era of Globalization
Bordo, Michael D. - 2010
We explore the association between income and international capital flows between 1880 and 1913. Capital inflows are associated with higher incomes per capita in the long-run, but capital flows also brought income volatility via financial crises. Crises also decreased growth rates of income per...
Persistent link: https://www.econbiz.de/10012759714
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Please Pass the Catch-Up the Relative Performance of Chinese and Foreign Firms in Chinese Exports
Blonigen, Bruce A. - 2010
Foreign-invested enterprises (FIEs) account for well over half of all Chinese exports and this share continues to grow. While the substantial presence of FIEs has contributed greatly to the recent export-led growth of China, an important objective of the Chinese government is to ultimately...
Persistent link: https://www.econbiz.de/10012759861
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Measuring the Impacts of FDI in Central and Eastern Europe
Lipsey, Robert E. - 2010
The impacts of inward FDI on host countries are frequently studied using balance-of-payments based measures of flows and stocks. These are unreliable for the purpose because, while theories of the effects of investment are based on FDI production and employment in the host country, these...
Persistent link: https://www.econbiz.de/10012760473