Foreign direct investment (FDI) plays an important role in the economic development strategies of several countries. FDI inflows bring in the latest technology, create employment and lead to tradable goods. FDI not only enables the transfer of intangibles to another country but also makes...

As manufacturing tariffs have fallen worldwide, the focus of free trade agreements has shifted towards other issues, including: rules governing foreign investment, e-commerce regulations, trade in services, harmonization of technical standards, sanitary and phyto-sanitary regulations, and the...

This paper attempts to explore the proximate determinants of PFI, FDI and FPI in post- reform India using multiple regression analysis. The study finds share prices, corporate tax, labour disputes, fiscal deficit, gross domestic product and urban population form a good combination for attracting...

This paper analyses the evolution of India's FDI position during the post-independence period in comparison with government policy and levels of industrialization and development. Since independence, India has pursued a strategy of industrialization with active governmental intervention....

The paper uses firm level panel data for Indian industries in the post-reform period to study the direct and indirect productivity effects generated by foreign investment. It finds no evidence that foreign investment directly increased firm-level productivity, nor that R&D spending was more...

Foreign investors have played an increasingly important role in the stock markets of emerging host countries. Although foreign investors bring large amounts of capital, due to asymmetric information and home bias, they tend to invest only in certain stocks, rather than in the market as a whole....

This paper contributes to the literature on the role of foreign direct investment and vertical specialisation in China’s growth trajectory. Globalisation of the world economy, together with well-developed physical infrastructure, and falling costs of transport and communications, has led to a...

Till 1991, there was excessive control of Government over economy with inward looking policies leading to over protection of economy leading todeterioration of trade, economic growth and large fiscal deficits financed by external borrowings. Foreign currency reserves plummeted to very low...

During the last three decades, developing countries have made enormous strides in opening up their protected domestic markets to international trade and foreign investment. Yet most countries have not simply opened up their markets. They have also instituted a range of policies to encourage...

Foreign investment has proven essential for economic growth and the present paper connects it explicitly to the capital stock in the neoclassical growth model. The assumption in the literature of perfect foreign investment implies no distinction between domestic and foreign capital. In the...