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to become an entrepreneur and the level of employment of newly created businesses. We focus on the interaction between …
Persistent link: https://www.econbiz.de/10013154571
This paper sets out the political economy behind Asian governments' participation in a revived Bretton Woods System. The overriding problem for these governments is to rapidly integrate a large pool of underemployed labor into the industrial sector. The principal constraints are inefficient...
Persistent link: https://www.econbiz.de/10013103790
, Japanese firms resembled U.S. multinationals. A Japanese parent's employment, given the level of its production, tends to be … similar to that of Swedish firms, but contrasts with that of U.S. firms. U.S. firms appear to reduce employment at home …-wage countries. We conclude that in Japanese firms and ancillary employment at home to service foreign operations outweighs any …
Persistent link: https://www.econbiz.de/10012778835
Many developing countries would like to increase the share of modern or formal sectors in their employment. One way to …, previous research on the issue has been limited by the paucity of long data sets for firm operations.We examine employment … from domestic ones. Employment growth is relatively high in foreign-owned establishments, although foreign firms own …
Persistent link: https://www.econbiz.de/10013144499
We examine the connection between exchange rates and foreign direct investment that arises when globally integrated capital markets are subject to informational imperfections. These imperfections cause external financing to be more expensive than internal financing, so that changes in wealth...
Persistent link: https://www.econbiz.de/10012774535
crises export relatively more FPI than FDI, and (2) this effect strengthens as the source country's capital market … transparency worsens. To test these hypotheses, we apply a dynamic panel model and examine the variation of FPI relative to FDI for …
Persistent link: https://www.econbiz.de/10012759578
technologies abroad, multinational firm (MNC) activity and foreign direct investment (FDI) flows arise endogenously when monitoring …, increase the reliance on FDI flows and alter the decision to deploy technology through FDI as opposed to arm's length licensing …. Several distinctive predictions for the impact of weak investor protection on MNC activity and FDI flows are tested and …
Persistent link: https://www.econbiz.de/10012760432
markets in enabling foreign direct investment (FDI) to promote growth through backward linkages, shedding light on this … financial markets allow the backward linkages between foreign and domestic firms to turn into FDI spillovers. Our calibration … growth rates that are almost twice those of economies with poor financial markets, b) increases in the share of FDI or the …
Persistent link: https://www.econbiz.de/10012760635
This paper introduces a framework for analyzing the role of financial factors as a source of instability in small open economies. Our basic model is a dynamic open economy model with a tradeable good produced with capital and a country-specific factor. We also assume that firms face credit...
Persistent link: https://www.econbiz.de/10013221113
Foreign direct investment (FDI) is observed to be a predominant form of capital flows to emerging economies, especially … when they are liquidity-constrained internationally during a global financial crisis. The financial aspects of FDI are the … FDI in reviving equity-financed capital investment for economies plagued by such information problems. In the presence of …
Persistent link: https://www.econbiz.de/10013231578