Continuing Asia’s extraordinary transformation will require increasing attention on regional connectivity and logistic systems. The article focuses on the role of cross-border infrastructure in the process of regional integration in developing Asia. Given that most cross-border infrastructure...

We present a directed variant of Salop’s (1979) model to analyze bus transport dynamics. Players are operators competing in both cooperative and non-cooperative games. Utility, like in most bus concession schemes in emerging countries, is proportional to the total fare collection. Competition...

The aim of this paper is to evaluate whether domestic and foreign activities of Italian firms are mainly substitutes or complements. We take advantage of a unique firm-level panel data set from the Bank of Italy Survey of Industrial and Service Firms, which provides information on the...

This paper explores the technology spillover effect of foreign direct investment (FDI) in Indian manufacturing industries across different clusters in India. To measure the spillover effect to domestic firms in a particular cluster, a model is used that combines an innovative production function...

Foreign direct investment plays a particularly crucial role in the processes of technological catch-up in Central East Europe. Whilst most countries of this region have received considerable direct investment, the composition of kinds of subsidiaries is different between countries and hence the...

This paper analyzes the effects of foreign direct investment on the sales growth rate of domestic companies in the Czech Republic. Using firm-level panel data from 1995 to 2003, it studies both horizontal and vertical spillovers. The study allows for the lagged nature of spillovers and pays...

We investigate both theoretically and empirically the competitive discipline effect exerted by FDI on plant-level price-cost margins. Using plant level data for manufacturing industries in the United Kingdom we find robust evidence supporting our theoretical predictions: greenfield FDI has a...

Since the outburst of the financial crisis, FDI flows into Korea have dramatically increased, causing great concern regarding the rapid penetration of FDI and its concentrating effects on the economy. The study explores the issue of how FDI impacts on market structure and competition in Korea....

Countries that control foreign direct investment (FDI) often face the trade-off between following national policy interests and suffering efficiency losses arising from FDI restrictions. We demonstrate the presence of this trade-off in the case of a protectionist FDI policy in Indonesia that...

This paper studies the life span of 187 new foreign firms in Vietnam that were created in 2000 and measures for how many years they stay in the market over the 2000-2011 period. The Cox proportional hazard model is employed to ascertain the relative importance of industry- and firm-specific...