Showing 1 - 10 of 149
Financial globalisation has been associated with divergent current account patterns inemerging market economies. While countries in emerging Asia have been runningsizeable current account surpluses, countries in emerging Europe have been facing largecurrent account deficits. In this paper we...
Persistent link: https://www.econbiz.de/10005866189
In this paper we question the consensus of using a binary crisisdefinition for empirical crisis models. We believe that the most severeshortcomings of the crisis models today are in the crisis definition rather than the explanatory variables ...
Persistent link: https://www.econbiz.de/10005843732
the overall effect, which child labour has on foreign direct investment (FDI), to be a (small) negative one. We find … strong evidence for the theoretical prediction that child labour deters FDI by slowing down economic development... …
Persistent link: https://www.econbiz.de/10005854716
Does FDI affect productivity growth, innovation, and knowledge sourcing activities ofdomestic firms? This study employs … detailed firm-level panel-data from Estonia’smanufacturing sector to investigate different channels through which FDI can … affectdomestic firms. I use instrumental variables approach to identify the effects. I find noevidence of an effect of FDI entry on …
Persistent link: https://www.econbiz.de/10009360488
We review a large body of literature dealing with the effects of Foreign Direct Investment(FDI) on economies during … the literatureon externalities from FDI. The studies on emerging European markets covered in oursurvey report direct and … indirect FDI effects weakening over time, similarly as in otherFDI destination countries. This is imputable to a publication …
Persistent link: https://www.econbiz.de/10009360490
This paper sheds light on the influence of exchange rate volatility on foreign direct investment (FDI), both at the … the period 1982-2002, is to provide evidence of a U-shaped relation between observed FDI flows and exchange rate …-options theory of a multinational, which contemplates FDI to relocate production abroad under a stochastic exchange rate. The model …
Persistent link: https://www.econbiz.de/10005858054
This paper investigates whether the size of multinationals’ real investments ina high-tax country is affected by profit shifting activities. A simple theoretical analysisshows that tax rates abroad impact the cost of capital in the presence of profit shiftingactivities of multinational...
Persistent link: https://www.econbiz.de/10005858817
It is commonly alleged that foreign direct investment (FDI) in the service sector haspositive consequences for the …
Persistent link: https://www.econbiz.de/10005859707
FDI stocks. For a panel of five advanced economies from1980 to 2006 it is shown that price competitiveness, stable …
Persistent link: https://www.econbiz.de/10005866159
This paper investigates how multinational firms choose the capital structure of theirforeign affiliates in response to political risk. We focus on two choice variables, theleverage and the ownership structure of the foreign affiliate, and we distinguish differenttypes of political risk, such as...
Persistent link: https://www.econbiz.de/10005866245