This paper examines the firm-level determinants of foreign acquisitions of New Zealand companies, and the consequences for both the purchased firms and the workers within those firms. We follow a combined propensity score matching and difference-in- differences approach to identify and address...

Foreign subsidiary performance and market efficiency effects are estimated and confronted in this paper using a rich firm-level panel for Polish manufacturing. Besides estimating total factor productivity, other performance measures are calculated and contrasted such as labor productivity,...

Die vorliegende Studie untersucht erstmalig für die Ukraine und Polen, wie der Wechsel der vertretenen Regierungspartei in der Region und die Absorptionsfähigkeit von FDI das regionale Wirtschaftswachstum beeinflussen. Die empirische Analyse erfolgt auf regionaler Ebene für den Zeitraum...

Die vorliegende Studie untersucht erstmalig für die Ukraine und Polen, wie stark sich das Wirtschaftswachstum der räumlich benachbarten Regionen auf die Wachstumsrate einer Region auswirkt. Die empirische Analyse erfolgt für den Zeitraum 2004-2012 anhand des Instrumentalvariablenschätzers....

Emerging economies have been subject to abrupt reversals in capital inflows, which have adverse consequences for economic activity and financial stability. An important question for policymakers is how to respond to a sudden loss of external financing and its negative effects on the domestic...

It has been common to attribute financial crises to short-term capital inflows, while foreign direct investment (FDI) is seen as a safer form of finance. The relationship between crises and the composition of capital flows is particularly relevant at present because the flow of capital to Latin...

The recent East Asian crisis has highlighted the relationship between financial development and output volatility. In this essay we develop a simple model of a small open economy producing a tradeable good using a non-tradeable input and where firms access to borrowings and investment depends on...