Why has India has performed poorly in attracting export oriented foreign direct investment (EFDI) as compared to its peer groups such as China. The empirical literature on the location of EFDI indicate that countries with relatively low-cost (quality) labour, good infrastructure, availability of...

A decomposition in the ownership of shares by foreigners is offered into three parts: the change in insider shareholding, the change in market capitalisation and the change in the fraction of outside shareholding that is held by foreigners. As an example, this decomposition is applied to help...

Securities Markets

This paper uses firm level panel data to investigate empirically the effects of direct foreign investment (DFI) on the productivity performance of domestic firms in three emerging economies of Central and Eastern Europe, Bulgaria, Romania and Poland. To this end a unique firm level panel data...

The investment climate of a region reflects the location specific factors that provide opportunities and incentives for firms to invest, create jobs, and expand. A good investment climate removes unjustified costs, risks, and barriers to competition and encourages firms to invest and...

Liberalisation initiatives have been taken by India with a view to improve the efficiency of manufacturing industries and achieving faster GDP growth. The present paper investigates the influence of Investment Climate (IC) on the levels of total factor productivity (TFP) in the organised...