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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/10011346434
This paper examines long-term developments in the quality and efficiency of free market institutional systems across thirteen emerging economies from South, South-east, and East Asia over the 1995-2014 period. The paper also empirically assesses the impact of free market institutions on a...
Persistent link: https://www.econbiz.de/10012026357
In this paper, we revisit the relation between institutional factors and foreign direct investment (FDI) inflows in developing countries by employing a dynamic panel methodology, which enables us to deal with the persistency of FDI flows and endogeneity issues. We also contribute to the...
Persistent link: https://www.econbiz.de/10011753945
We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs - measured by linguistic and geographical proximity - are more relevant for trade that reflects cross-border...
Persistent link: https://www.econbiz.de/10011647903
We show that traditional gravity variables play a significant role in explaining trade flows related to global value chain participation. We find evidence that cooperation costs – measured by linguistic and geographical proximity – are more relevant for trade that reflects cross-border...
Persistent link: https://www.econbiz.de/10012956243
expropriation. Not surprisingly, it turns out that the risk of expropriation decreases with a larger employment share of high …
Persistent link: https://www.econbiz.de/10009581010
Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the … face the threat of expropriation. Using a novel dataset on worldwide expropriations of FDI over the 1990-2014 period, we … find a positive relationship between the extent of foreign investor protections and the likelihood of expropriation when a …
Persistent link: https://www.econbiz.de/10011446183
This paper examines two major risks to foreign investors: default on sovereign debt and expropriation of foreign direct … of punishments for default and expropriation. We then document patterns of sovereign theft and foreign investment across …
Persistent link: https://www.econbiz.de/10013160487
This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and related questions concerning the relationship between property rights and...
Persistent link: https://www.econbiz.de/10014025734
into account different generations' conflicting attitudes towards immigration and expropriation, we explore how these … does not take into consideration the interactions between immigration and expropriation policies. -- Demographic change …
Persistent link: https://www.econbiz.de/10009581005