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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 FDI. The increase in FDI more than offsets the decline in production undertaken …
Persistent link: https://www.econbiz.de/10013070725
neutrality vis-a-vis trade, FDI and resource allocation across industries. Are developing countries justified in imposing tariffs … relationship between trade and FDI and growth. In this review, we find little evidence that countries benefit from "hard …" interventions that distort prices to deal with Marshallian externalities, learning-by-exporting, and knowledge spillovers from FDI …
Persistent link: https://www.econbiz.de/10013151144
with host-country financial development affecting multinationals' incentives for horizontal, vertical and platform FDI …
Persistent link: https://www.econbiz.de/10013055496
FDI. Our findings are consistent with multinational subsidiaries being less liquidity constrained because they can tap … additional funding from their parent company and/or access foreign capital markets. More broadly, they suggest that FDI can …
Persistent link: https://www.econbiz.de/10013127980
Empirical studies quantifying the economic effects of increased foreign direct investment (FDI) have not provided … consistent with theory if countries are in transition to FDI openness. Anticipated welfare gains lead to temporary declines in … domestic investment and employment. Also, growth measures miss some intangible FDI, which is expensed from company profits. The …
Persistent link: https://www.econbiz.de/10013130264
magnitude and direction of FDI spillovers. We examine these spillover effects across the diverse ownership structure of China …-level productivity and industry FDI, thereby limiting the problem of omitted variables and bias associated with estimating the impacts of … FDI spillovers. During 1998-2007, the span of our Chinese firm-level data set, both tariffs and FDI tax holidays changed …
Persistent link: https://www.econbiz.de/10013130551
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
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
The paper tests three hypotheses concerning foreign equity investment in the presence of liquidity risk. First, the FDI … participants do not know whether the FDI investor liquidates a firm because of an idiosyncratic liquidity shock, or because, as an … informed investor, the firm is hit by a productivity shock. Second, the FDI-to-FPI composition of foreign equity investment …
Persistent link: https://www.econbiz.de/10013131989
There has been a significant correlation between United States inward foreign direct investment and the United States real exchange rate since the 1970s. Two alternative reasons for this relationship are that the real exchange rate affects the relative cost of labor and that the real exchange...
Persistent link: https://www.econbiz.de/10013134977