Showing 1 - 10 of 408
Turkey has historically struggled to attract foreign investors. This paper argues that not only macroeconomic and … foreign direct investment attraction in Turkey. However, it seems that the global economic slowdown starting in 2009 and … the collapse of foreign direct investment inflows to Turkey …
Persistent link: https://www.econbiz.de/10012972975
Turkey, and how could Turkey increase foreign direct investment inflows? First, the analysis applies dynamic regressions in … investment attraction policies in Turkey. Second, based on the findings of the cross-country regressions, the paper argues that … Turkey could increase its attractiveness to foreign investors by strengthening institutional quality, in particular the rule …
Persistent link: https://www.econbiz.de/10012966978
This paper examines whether domestic output growth helps attract capital inflows and, in turn, capital inflows help boost output growth in a set of 38 Sub-Saharan African countries. Using a two-step approach to address reverse causality and omitted variable issues, the paper finds that output...
Persistent link: https://www.econbiz.de/10012971630
Since the mid-1990s, Sub-Saharan Africa has experienced unprecedented levels of high economic growth. A key question follows: What accounts for the turnaround of the growth performance in the mid-1990s? The answer can provide insight into whether the recent growth spurt in Sub-Saharan Africa is...
Persistent link: https://www.econbiz.de/10012973251
This paper examines the causal relationship between energy efficiency and economic growth based on panel data for 56 high- and middle-income countries from 1978 to 2012. Using a panel vector autoregression approach, the study finds evidence of a long-run Granger causality from economic growth to...
Persistent link: https://www.econbiz.de/10012954323
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and...
Persistent link: https://www.econbiz.de/10012937557
This paper documents an unusual and possibly significant phenomenon: The export of skills embodied in goods, services, or capital from poorer to richer countries. We first present a set of stylized facts. Using a measure that combines the sophistication of a country's exports with the average...
Persistent link: https://www.econbiz.de/10013070851
Based on a novel approach to measuring the cost of trade in services for Modes 1 (cross-border supply), 2 (consumption abroad), and 4 (temporary movement of service suppliers), developed by the World Trade Organization Secretariat, this pper reviews available evidence on factors affecting trade...
Persistent link: https://www.econbiz.de/10012834903
This study examines whether foreign direct investment inflows facilitate upgrading of export quality in host countries. The analysis focuses on the Russian Federation and uses customs data merged with firm-level information from Orbis. The results show a positive relationship between the quality...
Persistent link: https://www.econbiz.de/10012838005
Using a comprehensive and proprietary data set on international private equity activity, this paper studies the determinants of buyout investments across 61 countries and 19 industries over 1990-2017. The study finds evidence that macroeconomic conditions, development of stock and credit...
Persistent link: https://www.econbiz.de/10012838894