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We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...
Persistent link: https://www.econbiz.de/10009376718
investment and economic growth. We provide empirical support for our theoretical analysis using panel data from the Penn World …
Persistent link: https://www.econbiz.de/10003982936
The so called resource curse, the fact that countries rich in natural resources often show lower rates of economic growth compared to resource-poor countries, is commonly attributed to the low quality of governance in resource-rich countries. The Extractive Industries Transparency Initiative...
Persistent link: https://www.econbiz.de/10009720219
The paper provides a cross-country empirical analysis of the impact of corruption on foreign direct investment flows …. The gravity model estimates suggest that if control of corruption in the destination country improves, investment flows … from cleaner countries rise more than they do from countries with a higher incidence of corruption. In certain cases, a …
Persistent link: https://www.econbiz.de/10012928093
This study empirically examines how the coronavirus disease (COVID-19) has impacted foreign direct investment (FDI), using the quarterly data on bilateral FDI flows from 173 home to 192 host countries from the first quarter of 2019 to the second quarter of 2021. We measure the severity of...
Persistent link: https://www.econbiz.de/10013162287
The notion that foreign aid and foreign direct investment (FDI) are complementary sources of capital is conventional among governments and international cooperation agencies. This paper argues that the notion is incomplete. Within the framework of an open economy Solow model we show that the...
Persistent link: https://www.econbiz.de/10012712758
Dutch disease is often referred as a situation in which large and sustained foreign currency inflows lead to a contraction of the tradable sector by giving rise to a real appreciation of the home currency. This paper documents that this syndrome has been witnessed by many emerging markets and...
Persistent link: https://www.econbiz.de/10013306761
(intensifying Sino-American coopetition) and Datafied World Economy (Digitalization, Ai, Cybernetics), and Singapore is positioned …
Persistent link: https://www.econbiz.de/10013239026
The central objective of this paper is to empirically assess how global imbalances have evolved since the global financial crisis of 2008/09. More specifically, we examine how the security investment positions of major East Asian economies in United States (US) financial markets - equities,...
Persistent link: https://www.econbiz.de/10010192390
The paper has made a modest attempt to analyze the effects of liberalized trade and investment policies on welfare and open unemployment in a developing economy in terms of a three sector Harris-Todaro (1970) type general equilibrium model. Following empirical evidence it is assumed that there...
Persistent link: https://www.econbiz.de/10014084575