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Learning Versus Stealing : How Important are Market-Share Reallocations to India's Productivity Growth?
Harrison, Ann E. - 2011
, firm-level data from India's organized manufacturing sector to show that market-share reallocations did play an important … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms …
Persistent link: https://www.econbiz.de/10013130973
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Trade in Business Services in General Equilibrium
Markusen, James R. - 2010
Trade in business services has been attracting attention from academic researchers, policy makers, and business journalists. While there are many anecdotes, there has been little in the way of formal theory applied to this issue. In this paper, we adapt a general model of fragmentation of...
Persistent link: https://www.econbiz.de/10012760467
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Emerging Market Business Groups, Foreign Investors, and Corporate Governance
Khanna, Tarun - 2010
-run business groups, domestic financial institutions, and foreign financial institutions. Using data from India in the early 1990s …
Persistent link: https://www.econbiz.de/10012763811
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Demographics and FDI : Lessons from China's One-Child Policy
Donaldson, John B. - 2018
to that of India, and, simultaneously, FDI inflows relative to GDP for China versus India declined. These observations … China relative to India. Our paper is a contribution to the nascent literature exploring demographic transitions and their …
Persistent link: https://www.econbiz.de/10012929003
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India'S Experience with Capital Flows : The Elusive Quest for a Sustainable Current Account Deficit
Shah, Ajay; Patnaik, Ila - 2021
From the early 1990s onwards, India has engaged in policies involving trade liberalisation, strong controls on debt …
Persistent link: https://www.econbiz.de/10013247425
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Firm Exports and Multinational Activity Under Credit Constraints
Manova, Kalina - 2011
This paper provides firm-level evidence that credit constraints restrict international trade flows and affect the sectoral pattern of multinational activity. Using detailed customs data from China, we show that foreign affiliates and joint ventures have better export performance than private...
Persistent link: https://www.econbiz.de/10013127980
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Transition to FDI Openness : Reconciling Theory and Evidence
McGrattan, Ellen R. - 2011
Empirical studies quantifying the economic effects of increased foreign direct investment (FDI) have not provided 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...
Persistent link: https://www.econbiz.de/10013130264
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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
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Globalization, Governance, and the Returns to Cross-Border Acquisitions
Ellis, Jesse A. - 2011
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131665
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Equity Prices and Equity Flows : Testing Theory of the Information-Efficiency Tradeoff
Razin, Assaf - 2011
The paper tests three hypotheses concerning foreign equity investment in the presence of liquidity risk. First, the FDI-to-FPI price differential is negatively related to liquidity risk (the "Price Discount Hypothesis"). The idea is that market participants do not know whether the FDI investor...
Persistent link: https://www.econbiz.de/10013131989