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Which Countries Export FDI, and How Much?

Razin, Assaf - 2003

likely to serve as source for FDI exports than their characteristics project export lower flow of FDI than is predicted by …

Persistent link: https://www.econbiz.de/10012468549

Institutions and Foreign Investment : China versus the World

Fan, Joseph P.H. - 2007

Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China …'s institutional deficiencies, yet China is now one of the world's largest FDI destinations. This incongruity characterizes China …'s paradoxical growth. Cross-country regressions show that China's FDI inflow is not exceptionally large, given the quality of its …

Persistent link: https://www.econbiz.de/10012465214

Excessive FDI Flows Under Asymmetric Information

Razin, Assaf - 1999

In Razin, Sadka and Yuen (1998, 1999a), we explored the policy implications of the home-bias in international portfolio investment as a result of asymmetric information problems in which domestic savers, being 'close' to the domestic market, have an informational advantage over foreign portfolio...

Persistent link: https://www.econbiz.de/10012471385

Equity Prices and Equity Flows : Testing Theory of the Information-Efficiency Tradeoff

Razin, Assaf - 2010

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/10012462005

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/10012462165

Liquidity, Institutional Quality and the Composition of International Equity Flows

Goldstein, Itay - 2010

expectation of future liquidity problems export relatively more FPI than FDI, and (2) this effect strengthens as the source …

Persistent link: https://www.econbiz.de/10012462924

Composition of International Capital Flows : A Survey

Kirabaeva, Koralai - 2009

Finally, we analyze a risk-diversification model, where bond holdings hedge real exchange rate risks, while equities hedge non-financial income fluctuations. An equity home bias emerges as a calibratable equilibrium outcome

Persistent link: https://www.econbiz.de/10012463050

Liquidity, Institutional Quality and the Composition of International Equity Outflows

Goldstein, Itay - 2008

crises export relatively more FPI than FDI, and (2) this effect strengthens as the source country's capital market …

Persistent link: https://www.econbiz.de/10012464879

Productivity and Taxes as Drivers of FDI

Razin, Assaf - 2007

We develop a framework in which the host country productivity has a positive effect on the intensive margin (the size of FDI flows), but only an ambiguous effect on the extensive margin (the likelihood of FDI flows to occur). The source-country productivity has a negative effect on the extensive...

Persistent link: https://www.econbiz.de/10012465560

Vying for Foreign Direct Investment : A EU-type Model of Tax Competition

Razin, Assaf - 2006

This paper brings out the special mechanism through which taxes influence bilateral FDI, when investment decisions are two-fold in the presence of fixed setup flows costs. For each pair of source-host countries, there is a set of factors determining whether aggregate FDI flows will occur at all,...

Persistent link: https://www.econbiz.de/10012466680