We endogenize asset liquidity in a dynamic general equilibrium model with search frictions on asset markets. In the model, asset liquidity is tantamount to the ease of issuance and resaleability of private financial claims, which is driven by investors' participation on the search market....

Dieser Beitrag gibt einen Überblick über den Themenkomplex "Investitionen" aus gesellschaftswissenschaftlicher Sicht. Besonderes Augenmerk liegt dabei auf der staatlichen Investitionspolitik: Der Staat kann selbst als Investor auftreten. Zudem kann der Staat versuchen,...

This paper links the foreign economic engagement of India's states with the literature on federalism, thereby contributing to an understanding of the political economy of FDI inflows in a parliamentary federal system. More specifically, it studies subnational governments' international...

In this paper we analyse the impact of policy uncertainty on foreign direct investment strategies. The paper follows the real options approach, which allows to investigate the value to a firm of waiting to invest and/or disinvest, when payoffs are stochastic due to political uncertainty and...

This paper focuses on two aspects being neglected in the analysis of agglomeration tendencies so far. First, it regards regional agglomeration patterns and secondly, the allocation of capital across industrial sectors. Indeed, the average relative concentration of capital turns out to be of a...

This paper examines Latvia's foreign trade and investment relations with Germany and Russia during the interwar period and the period after the restoration of independence up to now. During the period between the two world wars Latvia's foreign trade was completely integrated into the European...

This paper describes the main characteristics of Foreign Direct Investment (FDI) in Egypt using an unpublished dataset for FDI in 27 Egyptian governorates covering the period 1972 - 2009. Special attention is given to the geographical distribution of FDI, both as an aggregate and at the sectoral...

We empirically analyse the determinants of inward foreign direct investment (FDI) in Egypt employing a novel panel dataset of 26 Egyptian governorates for the period 1992 - 2008. Using the case of Arab FDI to Egypt, we also investigate whether FDI location determinants are different depending on...

The aim of the present paper is to describe the investment environment in Romania, to highlight the stringent problems that need to be solved and also to propose solutions for a better investment environment. In the actual economic context, policymakers across all regions are facing difficult...

We build a dynamic general equilibrium model with 2 countries, horizontal and vertical multinational activity and endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary relationship between domestic and foreign investment....