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As substantive economic and social phenomena, international trade and investment are inextricably linked. Yet like … parting of their respective legal systems, international trade and investment are more closely tied to each other today than … ever before, with a significant portion of international trade and investment flows occurring in global supply chains …
Persistent link: https://www.econbiz.de/10014175734
The pre-eminence of trade and investment in the economic prosperity of developed and developing countries cannot be … overemphasized. Many studies have shown a strong positive impact of trade on economic growth across developed and the emerging market …. However, very little is known about the simultaneous effect of trade and investment on growth in SSA when institutional …
Persistent link: https://www.econbiz.de/10012023952
This paper proposes a panel threshold specification of the Feldstein Horioka puzzle. Based on a panel of 24 OECD countries (1960-2000), we test the influence of various threshold variables (degree of openness, size, demography) on the saving-retention coefficient. Given this objective, we...
Persistent link: https://www.econbiz.de/10012985178
This paper estimates the domestic saving-investment correlations for 189 countries in the period 1980-2020 to study if the Feldstein-Horioka Puzzle still holds. We construct a panel data regression model with multiple econometric specifications and find a pair of U-shape Patterns in developing...
Persistent link: https://www.econbiz.de/10014344110
Intertemporal models of the current account suggest that temporary income shocks are fully reflected in a country's net foreign asset position, so that agents invest abroad any savings generated by a positive income shock. On the other hand, a stylised fact in international economics is that...
Persistent link: https://www.econbiz.de/10014087338
Previous empirical work on the link between domestic and foreign investment provides mixed results which partly depend on the level of aggregation of the data. We argue that the aggregated home country implications of foreign direct investment (FDI) cannot be gauged using firm-level data....
Persistent link: https://www.econbiz.de/10010383026
We study the role of competition for the hold-up problem in foreign direct investment in resource-based industries. The host country government is not only unable to commit not to expropriate investment ex post, but is also unable to commit to the provision of local resources. In the case of...
Persistent link: https://www.econbiz.de/10011547727
Foreign direct investments are for the transition and less developed countries very important source of capital. Such investments have very positive impact on country's economy in terms of employment growth, industrial production growth, gross domestic product growth, favorable effects on the...
Persistent link: https://www.econbiz.de/10010439146
We assess the role of capital goods imports and inflows of foreign direct investment (FDI) as transmission channels through which major emerging economies (BRICs, i.e., Brazil, Russian Federation, India and China) could catch up with advanced source countries in terms of total factor...
Persistent link: https://www.econbiz.de/10010479372
Finding common ground across EU member states in responding to China's increasingly prominent position in the global economy has thus far proven a challenge. As the EU tries to find a 'third way' for dealing with its most important trading partners amid heightened US-China tensions, selected...
Persistent link: https://www.econbiz.de/10013162371