typical for R&D investments and mine or oil exploration projects. These types of projects are characterized by significant on …

dynamic model of oil and gas exploration and development. The model predicts less of a decline in exploration activity than …

relevant in natural resource exploration, where discoveries are spatially correlated. Using UK offshore oil exploration data, I … highlight a trade-off in property rights design: stronger property rights over exploration well data increase the rate of … exploration, while weaker property rights increase the efficiency and speed of learning but reduce the rate of exploration …

Inward and outward direct investment (FDI) stocks and flows tend to go together, across countries and over time. The … countries that invest extensively abroad are usually also large recipients of FDI. There is little evidence that flows of FDI … primary role of FDI. FDI transfers the ownership of existing productive assets from one set of owners to others willing to pay …

pattern of trade in goods can reverse when FDI is permitted, and (3) the optimal tax on FDI (which we do not advocate as a …

This paper examines how inward and outward foreign direct investment (FDI) have influenced the restructuring of the … Japanese firms, particularly those of multinational manufacturing firms. However, Japanese outward FDI is still not very large … increase when compared with the levels of most other OECD countries. Inward FDI will presumably have an even stronger impact on …