Showing 1 - 10 of 4,230
types of FDI: unlike greenfield investment, M&As partly represent a rent accruing to previous owners, and do not necessarily … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …
Persistent link: https://www.econbiz.de/10009376718
Persistent link: https://www.econbiz.de/10009238788
Persistent link: https://www.econbiz.de/10010419090
This paper investigates whether aggregate Foreign Direct Investment (FDI), cross-border Mergers and Acquisitions (M … bidirectional causality between FDI, M&A and growth. It also suggests that economic growth Granger causes greenfields, but the … reverse is not true. The estimation of the growth equation leads us to conclude that FDI through greenfield investments exerts …
Persistent link: https://www.econbiz.de/10013129893
Persistent link: https://www.econbiz.de/10012001945
Persistent link: https://www.econbiz.de/10012261363
Persistent link: https://www.econbiz.de/10001791465
Persistent link: https://www.econbiz.de/10000950300
Persistent link: https://www.econbiz.de/10009541770
Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...
Persistent link: https://www.econbiz.de/10014528414