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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/10012463256
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/10012463389
This paper evaluates the influence of host-country financial development on the global operations of multinational firms. Using detailed U.S. data, we provide evidence that host-country financial development increases entry by multinational affiliates, while also decreasing affiliate sales in...
Persistent link: https://www.econbiz.de/10012458618
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 …
Persistent link: https://www.econbiz.de/10012471698
Compared with China's dominance in world trade, its expanding role in global finance is poorly documented and … understood. Over the past decades, China has exported record amounts of capital to the rest of the world. Many of these financial … flows are not reported to the IMF, the BIS or the World Bank. "Hidden debts" to China are especially significant for about …
Persistent link: https://www.econbiz.de/10012479998
While there is a vast body of research on the benefits of FDI in developing countries, whether and how the form of FDI … matters have received limited attention. In this paper, we study the impact of FDI via quid pro quo (technology for market …
Persistent link: https://www.econbiz.de/10012481192
The First Opium War (1840-42) was a watershed in the history of China. In its aftermath Britain and other countries …-organized under Western management, Western legal institutions were introduced in China in form of courts and legal practices, and … foreigners in China were tried according to the laws of their country of origin (extraterritoriality). To better understand the …
Persistent link: https://www.econbiz.de/10012481413
explain this puzzle. From analyzing bank loan data associated with China's introduction of the Qualified Foreign Institutional …
Persistent link: https://www.econbiz.de/10012481499
nearly 600 billion dollars, while China's official net creditor position to the rest of the world is overstated by about 50 …
Persistent link: https://www.econbiz.de/10012482036
We use administrative registration records with information on the owners of all Chinese firms to document the importance of "connected" investors, defined as state-owned firms or private owners with equity ties with state-owned firms, in the businesses of private owners. We document a hierarchy...
Persistent link: https://www.econbiz.de/10012482389