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The main objective of this paper is to examine the determining factors of outward FDI from four major OECD investors US … whether the motivation for FDI differs among these investors. Rather than relying on specific theories of FDI determinants we … examine them all simultaneously employing Bayesian Model Averaging (BMA) in a panel data set with 129 FDI destinations in 5 …
Persistent link: https://www.econbiz.de/10011346444
In the current age of trade and financial openness, local economies in developing countries are becoming increasingly exposed to external investments. The objective of the proposed two-sector model with environmental externalities is to provide an insight into the interaction between external...
Persistent link: https://www.econbiz.de/10008746858
This paper takes the position that technology transfers associated with foreign direct investment inflows (FDI) are an … paribus, depend on the attributes of FDI providers, particularly as they relate to the degree of technological advancement and … the behavioral aspects of the technology transfer. Japan and the U.S. are two important sources of FDI where multinational …
Persistent link: https://www.econbiz.de/10013004373
This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
Persistent link: https://www.econbiz.de/10010298059
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10011605135
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10010264579
Persistent link: https://www.econbiz.de/10009573398
Persistent link: https://www.econbiz.de/10011610106
Persistent link: https://www.econbiz.de/10012134108
This paper investigates Jamaica's aggregate import demand function with the United States and the United Kingdom from January 1996 to September 2010 using co-integration analysis and error correction modeling techniques. Using real gross domestic product, relative price of imports, real foreign...
Persistent link: https://www.econbiz.de/10013113737