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Transition to FDI Openness : Reconciling Theory and Evidence

McGrattan, Ellen R. - 2011

conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in … reconciliation of theory and evidence is accomplished with a multicountry dynamic general equilibrium model parameterized with data …

Persistent link: https://www.econbiz.de/10013130264

FDI Spillovers and Industrial Policy : The Role of Tariffs and Tax Holidays

Du, Luosha - 2011

This paper examines how industrial policy - specifically tariff liberalization and tax subsidies - affects the magnitude and direction of FDI spillovers. We examine these spillover effects across the diverse ownership structure of China's manufacturing sector. Using this approach, we control for...

Persistent link: https://www.econbiz.de/10013130551

Composition of Capital Flows : A Survey

Kirabaeva, Koralai - 2010

We survey several mechanisms that explain the composition of international capital flows: foreign direct investment, foreign portfolio investment and debt flows (bank loans and bonds). We focus on information frictions such as adverse selection and moral hazard, and exposure to liquidity shocks,...

Persistent link: https://www.econbiz.de/10013136735

Foreign Investment with Endogenous Protection

Grossman, Gene M. - 2011

Jagdish Bhagwati coined the phrase quid pro quo foreign investment to describe international investments made in anticipation of host country trade policy and perhaps with the intention of defusing a protectionist threat. We apply Bhagwati's notion to situations where (i) foreign investment is...

Persistent link: https://www.econbiz.de/10013125846

Protectionist Threats and Foreign Direct Investment

Blonigen, Bruce A. - 2012

The recent literature on quid pro quo foreign direct investment (FDI) suggests that FDI may be induced by the threat of protection, and further, that FDI may be used as an instrument to defuse a protectionist threat. This paper uses a panel data set of 4-digit SIC level observations of Japanese...

Persistent link: https://www.econbiz.de/10013104882

On Returns Differentials

Curcuru, Stephanie E. - 2013

Estimates of U.S. returns differentials have ranged from exorbitant to quite small, in part because of their volatility coupled with the relatively short time series available. We shed light on underlying drivers of returns differentials by presenting a number of decompositions: a by-asset-class...

Persistent link: https://www.econbiz.de/10013085498

A Linder Hypothesis for Foreign Direct Investment

Fajgelbaum, Pablo D. - 2014

We study patterns of FDI in a multi-country world economy. We develop a model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand-driven and the decision to serve foreign countries via exports or FDI depends on a...

Persistent link: https://www.econbiz.de/10013067204

International Trade, Foreign Direct Investment, and Technology Spillovers

Keller, Wolfgang - 2014

This paper examines how international flows of technological knowledge affect economic performance across industries and firms in different countries. Motivated by the large share of the world's technology investments made by firms that are active across borders, we focus on international trade...

Persistent link: https://www.econbiz.de/10013070643

Intellectual Property Rights, Foreign Direct Investment, and Industrial Development

Branstetter, Lee - 2014

This paper develops a North-South product model in which Southern imitation and the North-South flow of foreign direct investment (FDI) are endogenously determined. In the model, a strengthening of IPR protection in the South reduces the rate of imitation, which, in turn, increases the flow of...

Persistent link: https://www.econbiz.de/10013070725

Export or Merge? Proximity vs. Concentration in Product Space

Muendler, Marc-Andreas - 2013

This paper proposes a proximity-concentration tradeoff in product space as a determinant of horizontal foreign direct investment (FDI). Firms that enter a foreign market by exporting are able to capture consumer surplus from introducing a differentiated product with characteristics that the...

Persistent link: https://www.econbiz.de/10013071518

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