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Mode of International Investment and Endogenous Risk of Expropriation
Dadasov, Ramin; Lorz, Oliver - FIW - 2011
political power to expropriate productive assets. In a joint venture, the domestic asset owner bears the risk of expropriation … institutional framework in the host country, the elite influences the risk of expropriation. We determine the equilibrium risk of … expropriation in this framework and the resulting pattern of international production. We also analyze as to how globalization …
Persistent link: https://www.econbiz.de/10008790253
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Mode of Entry and Expropriation
Dadasov, Ramin; Lorz, Jens Oliver - Verein für Socialpolitik, Ausschuss für … - 2010
expropriation targets the foreign investor whereas in a joint venture the domestic agent bears this risk. We determine the … equilibrium level of the probability of expropriation and show that the ruling elite, by choosing it, discriminates in favor of …
Persistent link: https://www.econbiz.de/10008564806
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The Institutions of Roman Markets
Arruñada, Benito - Barcelona Graduate School of Economics (Barcelona GSE) - 2015
I analyze the basis of the market economy in classical Rome, from the perspective of personal-versus-impersonal exchange and focusing on the role of the state in providing market-enabling institutions. I start by reviewing the central conflict in all exchanges between those holding and those...
Persistent link: https://www.econbiz.de/10011196335
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International Trade, Foreign Direct Investment, and Security
Dixit, Avinash - In: Annual Review of Economics 3 (2011) 1, pp. 191-213
The main focus of this review is on international trade and foreign direct investment when the institutions that provide the security of property rights and enforcement of contracts are imperfect. Some issues of national security related to poor governance of international transactions are also...
Persistent link: https://www.econbiz.de/10010822975
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Reconsideration of the Effects of Political Factors on FDI: Evidence from Japanese Outward FDI
Deseatnicov, Ivan; Akiba, Hiroya - In: Review of Economics & Finance 3 (2013) February, pp. 35-48
This paper empirically examines the role of political factors in the Japanese outward Foreign Direct Investment (FDI) activities with a panel data of 30 developed or developing countries for the period of 1995-2009. The estimation model is constructed on the basis of the OLI (ownership, location...
Persistent link: https://www.econbiz.de/10010927757
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The Impact of Political Risk on Foreign Direct Investment
Khan, Mashrur Mustaque; Akbar, Mashfique Ibne - Volkswirtschaftliche Fakultät, … - 2013
Political risk, like all other risks, has an adverse effect on any economy. Even though other forms of risk, such as economic risk and financial risk have been studied quite extensively, political risk has not received much attention owing primarily to lack of data. The current paper attempts to...
Persistent link: https://www.econbiz.de/10011109798
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Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production
Antràs, Pol - C.E.P.R. Discussion Papers - 2011
I survey the influence of Grossman and Hart's (1986) seminal paper in the field of International Trade. I discuss the implementation of the theory in open-economy environments and its implications for the international organization of production and the structure of international trade flows. I...
Persistent link: https://www.econbiz.de/10009320400
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Asymmetric effects of trade costs on entry modes: Firm level evidence
Tekin-Koru, Ayca - Volkswirtschaftliche Fakultät, … - 2009
Standard foreign direct investment (FDI) theory suggests that falling trade costs should discourage horizontal FDI. Most FDI is horizontal. Yet, the world witnessed an FDI boom in 1990s, a period of striking falls in trade barriers. This paper carries out an empirical analysis with rich,...
Persistent link: https://www.econbiz.de/10008529314
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Footloose foreign firm and profitable domestic merger
Beladi, Hamid; Mukherjee, Arijit - In: Journal of Economic Behavior & Organization 83 (2012) 2, pp. 186-194
We provide a new explanation for a profitable horizontal merger between Cournot oligopolists with symmetric constant returns to scale technologies and homogeneous goods. We show that a merger can be profitable if it prevents a foreign firm from undertaking FDI. Our result is due to the effect of...
Persistent link: https://www.econbiz.de/10010573062
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Compensation for Indirect Expropriation in International Investment Agreements: Implications of National Treatment and Rights to Invest
Aisbett, Emma; Karp, Larry; McAusland, Carol - Research School of Economics, College of Business and … - 2010
. Compensation rules such as expropriation clauses in international treaties help solve post-investment moral hazard problems such as …-out from the definition of compensable expropriation can be Pareto-improving and can increase the level of foreign investment. …
Persistent link: https://www.econbiz.de/10008691142