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Recent reforms across Eastern European countries gave more flexibility and information for parties to engage in secured debt transactions. The menu of assets legally accepted as collateral was enlarged to include movable assets (e.g., machinery and equipment). Generalized...
Persistent link: https://www.econbiz.de/10013012691
and stocks. These are unreliable for the purpose because, while theories of the effects of investment are based on FDI … variable. The countries of Central and Eastern Europe, a very minor object of US direct investment, have, since 1990, become a …
Persistent link: https://www.econbiz.de/10012760473
Using large firm-level and industry-level data sets from eighteen countries, we find that foreign direct investment …
Persistent link: https://www.econbiz.de/10013015978
The empirical analysis in quot;International Ramp;D Spilloversquot; (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results...
Persistent link: https://www.econbiz.de/10012759295
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012759694
specialized in the source country. Consequently, FDI investors would make investment, both larger, and of higher quality (namely … the domestic investment and output growth regressions relative to the portfolio equity flow and international loan … coefficients, reflect a more significant role for FDI in the domestic investment process than other types of capital inflows …
Persistent link: https://www.econbiz.de/10012762983
Since 1950, the economies of East Asia grew rapidly but received little inter-national capital, while Latin America received considerable international capitaleven as their economies stagnated. The literature typically explains the failureof capital to flow to high growth regions as resulting...
Persistent link: https://www.econbiz.de/10013011451
We contribute to the long debated issue of whether inward foreign direct investment (FDI) can stimulate investment in … of FDI on total investment – measured as the ratio of gross fixed capital formation to GDP – but only if multinational …
Persistent link: https://www.econbiz.de/10012965418
This paper asks whether startups react more to changing investment opportunities than more mature firms do. We use the … nation-wide manufacturing shocks to develop an instrument for changing investment opportunities, and examine employment …
Persistent link: https://www.econbiz.de/10013034345
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology …
Persistent link: https://www.econbiz.de/10012948432