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On average, foreign corporations save a third of their local profits in the host country. While this is recorded as … "Retained Earnings Foreign Direct Investment" (REFDI), macroeconomics has so far overlooked its particularities. This paper …
Persistent link: https://www.econbiz.de/10012937133
This study examines the differences in the effectiveness of de jure capital restrictions across economies in different regions (Asia versus non-Asia) and with varying income levels. It uses a panel of 45 economies over the period 1995-2007. The results show that differences in regional and...
Persistent link: https://www.econbiz.de/10013122532
We propose a multi-country dynamic general equilibrium model to quantify the implications of trade and FDI liberalizations for the surge of global trade and current account (CA) imbalances. We calibrate our model to replicate the evolution of bilateral trade and FDI flows across 5 major...
Persistent link: https://www.econbiz.de/10012840844
This chapter is structured in three parts. The first part outlines the methodological steps, involving both theoretical and empirical work, for assessing whether an observed allocation of resources across countries is efficient. The second part applies the methodology to the long-run allocation...
Persistent link: https://www.econbiz.de/10014025377
foreign goods. Second, an increase in the foreign demand for U.S. assets. Both forces have contributed to steadily increasing …
Persistent link: https://www.econbiz.de/10014067277
We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between …
Persistent link: https://www.econbiz.de/10009376718
Foreign institutional investors have become significant players in the increasingly global financial markets. I examine … determinants of their investment, both in the domestic and foreign markets, and their importance in promoting good corporate … effect of foreign investment activity is limited. Institutional investors' systematic preference for stocks of large, well …
Persistent link: https://www.econbiz.de/10013115000
While quantifying the foreign ownership premium has received a lot of attention in the empirical literature, there is … only little known about productivity variations between foreign affiliates of multinational firms. In order to enhance the …-determine the foreign-owned affiliates’ performances in a significant way. Moreover, the intensity of the impact depends on the …
Persistent link: https://www.econbiz.de/10009515296
Persistent link: https://www.econbiz.de/10008779884
of multinational firms. Previous work focused on and provided evidence for aggregate flows or stocks of foreign direct … implicit evidence for export-platform foreign direct investmentan activity which creates a complementary relationship between … (potential) host markets through final goods exports of foreign subsidiaries to third countries. This paper sheds light on …
Persistent link: https://www.econbiz.de/10003720587