In this paper, we examine how the business and interest rate cycles in developed countries affect FDI to developing countries. After aggregating flows into three big source areas (the U. S. , Europe and Japan), we find FDI flows to be countercyclical with respect to both output and interest rate...

Im Rahmen der Pollution Haven Hypothese wird davon ausgegangen, dass Länder mit strengen Umweltstandards die Produktion verschmutzungsintensiver Güter in Länder mit weniger strengen Umweltauflagen verlagern. Dies würde für den Standortwettbewerb zwischen Ländern um ausländische...

Foreign direct investment (FDI) projects are assumed to be accompanied by potential external effects - so-called FDI spillovers - which are supposed to affect productivity levels of other firms in a host country. Empirical results on this topic are inconclusive and most studies focus on one...

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries'...