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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...
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In a recent model Markusen and Venables (1999) describe the conditions under which foreign direct investments (FDI) can act as a catalyst for local industrial development. We apply this framework to the case of Poland, allowing for the entry of multinationals in both intermediates and...
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paper explores how Japanese enterprises adjust ownership structures in their affiliates as a portfolio in China. Empirical … results show that: both demand uncertainty and industry growth opportunity in China enhance Japanese enterprises' ownership … affiliates strengthen the roles of uncertainty and industry growth opportunity play in enhancing Japanese enterprises' ownership …
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