As the legislation on foreign direct investment (FDI) in Hungary has been probably the most liberal in Central and Eastern Europe since the mid-1980s, FDI is the primary form chosen by Western firms to enter the Hungarian market. The major channels of FDI include the privatisation of former...

Foreign Direct Investment (FDI) emerges as new source of resources in the world economy along with economic integration. This is observed most favorable but debatable resource. In Nepal, the policy response to FDI is found increasing by the liberal policy in WTO eras, although it is debatable...

We argue that many confusions relating to the system of methods used in a particular area of study economics and econometrics, if we a considering in time-series forecasting might be considered as arising out of ambivalence or inconclusiveness about the error terms. Relationships between...

This paper shows that developing countries possess an inherent shock-absorbing mechanism that stems from their peculiar institutional characteristics and can lessen the gravity of detrimental welfare consequence of exogenous terms-of-trade disturbances in terms of a two-sector, full-employment...

This paper examines the relationship between firms’ heterogeneity and their multinational activity. We examine the scope and the scale of multinational firms following the insights of Yeaple’s (2009) model. The goal of the paper is to contribute to a better understanding of the activity of...

This paper examines the relationship between firms’ heterogeneity and their multinational activity. We examine the scope and the scale of multinational firms following the insights of Yeaple’s (2009) model. The goal of the paper is to contribute to a better understanding of the activity of...

We study the effect of demand uncertainty on firm growth. We use product-level bilateral trade data to build an exogenous firm-level measure of the uncertainty of demand shocks. We match it with exhaustive custom and fiscal data between 1996 and 2013. An increase in uncertainty has a negative...