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The Tax Sensitivity of Foreign Direct Investment : Evidence from Firm-Level Panel Data
Cummins, Jason G. - 2009
previously unexplored (for this purpose) panel data on FDI by subsidiaries of U.S. multinational firms collected by Compustat …
Persistent link: https://www.econbiz.de/10013155967
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How Important is the Global Financial Cycle? Evidence from Capital Flows
Cerutti, Eugenio - 2017
This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional techniques, models and metrics. Since the GFCy is an unobservable concept, we use...
Persistent link: https://www.econbiz.de/10012948455
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Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies
Blonigen, Bruce A.; Wang, Miao - 2021
This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...
Persistent link: https://www.econbiz.de/10013228764
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Cointegration Vector Estimation by Panel Dols and Long-Run Money Demand
Mark, Nelson C.; Sul, Donggyu - 2022
We study the panel DOLS estimator of a homogeneous cointegration vector for a balanced panel of N individuals observed … approximation to the exact finite sample distribution. We use panel dynamic OLS to estimate coefficients of the long-run money … demand function from a panel of 19 countries with annual observations that span from 1957 to 1996. The estimated income …
Persistent link: https://www.econbiz.de/10013324090
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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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Learning Versus Stealing : How Important are Market-Share Reallocations to India's Productivity Growth?
Harrison, Ann E. - 2011
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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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 hypothesis, we apply also a dynamic panel model to examine the variation of FPI relative to FDI for source and host …
Persistent link: https://www.econbiz.de/10013131989