Showing 1 - 10 of 15,012
We analyze the quantitative impact of the non-tradable sector and structural change on international capital flows. We argue that the allocation puzzle (Gourinchas and Jeanne (2013)) reflects the difference in the magnitudes rather than the direction of net capital flows predicted by the one...
Persistent link: https://www.econbiz.de/10012969801
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 …We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between …
Persistent link: https://www.econbiz.de/10009376718
shareholders) and 2) firms producing capital goods face a higher level of idiosyncratic risk than their counterparts producing …
Persistent link: https://www.econbiz.de/10012727281
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 …We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between …
Persistent link: https://www.econbiz.de/10011430093
This paper uses a composite measure to examine why some countries attract more foreign direct investment (FDI) than … others. The measure considers all identified, measurable, and comparable socioeconomic aspects that affect FDI decisions on … an aggregated country level. As a result, we can rank 127 countries with respect to their FDI attraction. The measure …
Persistent link: https://www.econbiz.de/10013116678
This paper investigates the effect of FDI on economic growth conditional on the institutional quality of host countries … countries, we show that FDI has a positive effect on growth only beyond a certain threshold of institutional quality. In order … to benefit from FDI-led growth, institutional reforms should thus precede FDI attraction policies. Additionally, some …
Persistent link: https://www.econbiz.de/10013020803
This paper investigates the effect of FDI on economic growth conditional on the institutional quality of host countries … develop several arguments to show that institutional quality modulates the intensity of FDI impact on growth. Using a … endogenous threshold of institutional quality that influence the FDI growth effect. These results have sinificant implications …
Persistent link: https://www.econbiz.de/10013033984
Based on a neoclassical growth model for open low income economies this paper shows that development strategies, which …
Persistent link: https://www.econbiz.de/10013048953
This paper contributes to the literature on foreign direct investment (FDI) and economic growth in two main ways. First …, we examine the effect of FDI on economic growth for 44 developing countries over the period 1970 to 2005 using … studies, we find that FDI has, on average, a negative effect on growth in developing countries, but that there are large cross …
Persistent link: https://www.econbiz.de/10010286643
growth across former Soviet-bloc countries between 1990 and 2015. Roles of the stock market and of demand-side macroeconomic … policy are investigated using panel data analysis. The result suggests that though foreign direct investment (FDI …) contributing relatively more to economic growth than foreign portfolio investments (FPI), it interactswith stock market trading to …
Persistent link: https://www.econbiz.de/10012259732