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stronger IPR protection attracts more FDI in countries with small informal economies—i.e., strong institutions—but not in … countries with large informal economies—i.e., weak institutions. Our empirical analysis, based on a threshold effect model …
Persistent link: https://www.econbiz.de/10010992065
This paper provides a review and synthesis of the findings of the second phase of a research project on institutions … institutional characteristics and the duration of economic slumps; (2) the relative importance for growth of institutions, trade … openness and geography; (3) the determinants and consequences of state capacities; (4) the interactions between institutions …
Persistent link: https://www.econbiz.de/10010856310
In this paper the role of institutions in determining foreign direct investment (FDI) is investigated using a large … panel of 107 countries during 1981 and 2005. We find that institutions are a robust predictor of FDI and that the most …, we also study the impact of institutions on FDI at the sectoral level. We find that institutions do not have a …
Persistent link: https://www.econbiz.de/10010877088
Public-private collaboration in productive development policy in Costa Rica frequently takes the form of policy co-governance: an autonomous institution in charge of policy for a particular economic sector is created, with a board of directors comprising representatives from both the public and...
Persistent link: https://www.econbiz.de/10010943682
reform efforts, and the efficiency of reform options corresponding to a convergence of Portuguese institutions to EU … standards. We conclude that improving home institutions is likely to have a quantitatively very significant role in attracting … FDI. Geographical and market size factors also play a role. Reforms promoting the independence of financial institutions …
Persistent link: https://www.econbiz.de/10011002312
Studies of the impact of local political risk on foreign direct investment inflows overlook that worldwide FDI comes in waves. Using a simple model we show that the impact of political risk on FDI inflows is likely to be weaker, the larger the worldwide amount of FDI, which may question standard...
Persistent link: https://www.econbiz.de/10011011751
This paper presents some stylized facts about the expansion of the Russian metallurgical industry from the early nineties to the aftermath of the global financial crisis of 2008-2009. It retraces the internationalization of these firms and examines the characteristics of this movement in terms...
Persistent link: https://www.econbiz.de/10011020437
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/10010957424
A vast set of empirical evidence has been amassed over the past decade on the existence and direction of foreign direct investment (FDI)-generated horizontal and vertical spillovers. Overall, the results are mixed, and suggest that the theoretical postulated spillover effects often do not...
Persistent link: https://www.econbiz.de/10011268267
Clearly defined property rights enable people and business to make contracts over such property, and thus to engage in business – most business transactions concern the transfer of some sort of property, or rights to property. It seems that property rights have huge influence on foreign direct...
Persistent link: https://www.econbiz.de/10011273851