FDI inflows into China vs. India declined. These observations are explained in the context of a simple neoclassical OLG … rich to poor countries. In this paper we consider a natural experiment: using China as the treated country and India as the … control, we show that the dynamics of the relative FDI flows subsequent to the implementation of China's one-child policy, as …

noninspected firms. These findings highlight the importance of collective reputation in international trade and the challenges …

/sunk costs of this option are higher. Our results suggest that had China not liberalized its direct trading rights when it joined …

-run business groups, domestic financial institutions, and foreign financial institutions. Using data from India in the early 1990s …

attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate …The new trade theory emphasizes the role of market-share reallocations across firms ("stealing") in driving …

Trade in business services has been attracting attention from academic researchers, policy makers, and business … in which both trade and foreign investment in services are initially banned to technically infeasible. We then compute … three counter-factual scenarios: one in which trade but not investment in services is feasible or allowed, one in which …

From the early 1990s onwards, India has engaged in policies involving trade liberalisation, strong controls on debt … flows, and encouragement for portfolio flows and FDI, under a pegged exchange rate regime. Domestic institutional factors … have led to relatively little FDI and substantial portfolio flows. There has been significant tension between capital flows …

We view the political process in China as trading off the social benefits of increased trade and foreign direct … of this model are estimated using province-level data on foreign direct investment and trade flows in China, over the … China may find it politically difficult to follow through with liberalizing its trade and investment regimes, such as under …