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An FDI is an FDI is an FDI? The growth effects of greenfield investment and mergers and acquisitions in developing countries
Harms, Philipp; Méon, Pierre-Guillaume - 2011
We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...
Persistent link: https://www.econbiz.de/10011430093
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Offshoring and non-monotonic employment effects across industries in general equilibrium
Baumgarten, Daniel; Irlacher, Michael; Koch, Michael - 2020
We address the mismatch between existing theoretical models and standard empirical practice in the analysis of the labor market effects of offshoring. While theory focuses on one-sector or two-sector models, empirical studies exploit variation in offshoring across a large number of industries,...
Persistent link: https://www.econbiz.de/10012662701
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The welfare effects of endogenous quality choice in cable television markets
Crawford, Gregory S.; Shcherbakov, Oleksandr; Shum, Matthew - 2015
We measure the welfare consequences of endogenous quality choice in imperfectly competitive markets. We introduce the … concept of a "quality markup" and measure the relative welfare consequences of market power over price and quality. For U … marginal costs, but qualities are also 23% to 55% higher than socially optimal and the welfare costs of each are similar in …
Persistent link: https://www.econbiz.de/10011420559
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Inequality, good governance and endemic corruption
Epstein, Gil S.; Gang, Ira N. - 2017
Can a society suffering contests between rich and poor achieve good governance in the face of endemic corruption? We … state to establish and implement policies reflecting good governance; for example, a government that is accountable and …
Persistent link: https://www.econbiz.de/10012028603
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Corporate capture of blockchain governance
Ferreira, Daniel Bernardo Soares; Li, Jin; Nikolowa, … - 2019
We develop a theory of blockchain governance. In our model, the proof-of-work system, which is the most common set of … services. We analyze the two-way interactions between blockchain governance and the market structure of the industries in the … blockchain ecosystem. Our main result is that the proof-of-work system leads to a situation where the governance of the …
Persistent link: https://www.econbiz.de/10012144224
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Tax differences and foreign direct investment in the EU27
Hansson, Åsa; Olofsdotter, Karin - 2010
We empirically analyze the impact of corporate tax rates and agglomeration economies on FDI using panel data on bilateral FDI flows and stocks in the enlarged European Union. The novelty of the paper is that it explicitly deals with agglomeration forces and how these may explain differences in...
Persistent link: https://www.econbiz.de/10013208552
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Labor Taxation and FDI decisions in the European Union
Hansson, Åsa; Olofsdotter, Karin - 2011
This paper uses panel data on bilateral FDI flows in the European Union to empirically analyze the impact of labor and corporate taxations on FDI decisions. While the effect of corporate taxes on FDI is well documented, the impact of labor taxes on FDI has been neglected. This is surprising...
Persistent link: https://www.econbiz.de/10013208572
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Capital flight, foreign direct investment and natural resources in Africa
Ndikumana, Léonce; Sarr, Mare - 2019
This paper provides theoretical and empirical insights into the puzzling simultaneous rise in foreign direct investment inflows in Africa and capital flight from the continent over the past decades. Indeed, paradoxically, even as African countries have become more attractive to foreign private...
Persistent link: https://www.econbiz.de/10012059920
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Aid, Governance, and Private Foreign Investment: Some Puzzling Findings and a Possible Explanation
Harms, Philipp; Lutz, Matthias - 2003
Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries'...
Persistent link: https://www.econbiz.de/10011430042
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Heterogeneous Firms, the Structure of Industry & Trade under Oligopoly
Bekkers, Eddy; Francois, Joseph Francis - 2008
concentration following episodes of integration. Welfare rises with trade liberalization, unless trade costs decline from a …
Persistent link: https://www.econbiz.de/10010294858