This report identifies and discusses best practices to attract and promote inward and outward foreign direct investment. To better inform Canadian policy-making at various levels of government, this report provides an extensive and systematic review of the empirical evidence on the public...

This paper aims to highlight key limitations of “The Economist” magazine's Big Mac Index (BMI). The Economist markets the BMI as a tool to determine valuation of currencies. This paper shows that the BMI is a misleading measure of currency valuation for economies whose markets are...

The Sultanate of Oman has a diversified economy, unlike many of its neighboring nations that rely almost entirely on oil revenues. Natural gas and several non-energy business sectors, such as tourism, fishing, light manufacturing, and agriculture are expanding rapidly. The Omani economy is one...

The State of Qatar is driven mainly by hydrocarbon revenues, which are estimated to support this tiny country for hundreds of years. The Qatari economy is becoming diversified with industries such as manufacturing, banking, social services, and tourism. Additionally, government financed health...

We propose and empirically test a novel trade credit channel through which the presence of foreign-owned firms can propagate international liquidity shocks to a local country despite its tight controls over portfolio flows. A well-documented advantage of foreign-owned firms, especially large...

In this paper we study the effect of quality of institutions in the OECD and Asian host countries on outward foreign direct investment (FDI) stocks of source OECD countries using International Country Risk Guide governance indicators, for the period 1991 to 2001. We find that better institutions...

The Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership will impact on substantive market regulations in a wide a range of areas bearing on market access, both by establishing substantive new horizontal and sectoral standards and by establishing requirements regarding...

The use of conventional augmented CAPM specification in estimating the exchange rate exposure may result in less reliable estimates for, at least, two reasons. First, it does not take into account a few important stylized facts associated with financial time series. Second, one cannot estimate...

There is no doubt that Cuba is working hard to attract foreign investors. In 2014 its foreign investing laws were completely reformed to accommodate this, however, it may be too early to determine whether these reforms actually reduce investor risk. For foreign investors ready to make the move...

The study is an attempt to analyse the impact of specific sources of finance on firms' export performance by investigating empirically the SME exporters' preferred mode of financing their various export operations and linking it with their export profitability. Based on the findings it is...