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Using a unique dataset on worldwide multinational corporations with precise location of headquarters and affiliates, I present evidence of a trade-off between distance to the headquarters and the knowledge intensity of the foreign subsidiary's economic activity, emerging from dynamics related to...
Persistent link: https://www.econbiz.de/10011864328
Using a unique dataset on worldwide multinational corporations with precise location of headquarters and affiliates, I present evidence of a trade-off between distance to the headquarters and the knowledge intensity of the foreign subsidiary's economic activity, emerging from dynamics related to...
Persistent link: https://www.econbiz.de/10011891832
the occurrence and magnitude of externalities from FDI in 1995-2007. We find both positive and negative externalities in …
Persistent link: https://www.econbiz.de/10011936001
We build a dynamic general equilibrium model with 2 countries, horizontal and vertical multinational activity and endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary relationship between domestic and foreign investment....
Persistent link: https://www.econbiz.de/10011377536
Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between … empirically the effect of different dimensions of distance on the choice between exports and FDI. We find that different … dimensions of distance affect exports and FDI differently. There is clear evidence of a proximity-concentration trade-off in …
Persistent link: https://www.econbiz.de/10011378320
This paper examines FDI determinants in the BRICS and MINT throughout the conditional distributions of FDI for the …, the determinants are contingent on initial or existing FDI levels. The following are some of the findings established …. First, FDI benefits of GDP growth are more apparent in nations with higher initial levels of FDI. Second, real GDP output …
Persistent link: https://www.econbiz.de/10011409060
Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the increasing importance of MNE networks. These hypotheses are...
Persistent link: https://www.econbiz.de/10011473479
the abolition of capital controls seem to have exerted a greater influence on foreign assets than on FDI of German banks …
Persistent link: https://www.econbiz.de/10011475868
to FDI. In contrast, the available theory on FDI does not yet provide empirically testable propositions on the effects of … principal features of FDI. This paper uses a "gravity model" approach to assess the impact of the deepening integration between … the EU and the CEECs on FDI flows in terms of three key issues. First, we provide systematic estimates of the expected …
Persistent link: https://www.econbiz.de/10012001949
than log-linear models to specify "normal" FDI and obtain estimates of unexhausted FDI potentials. I use panel data on …
Persistent link: https://www.econbiz.de/10011392130