A Power Purchase Agreement (PPA) is at the heart of any BOT or BOO type power generation project that is to be undertaken by an Independent Power Producer (IPP). During the past decade privately owned IPPs selling electricity to the power industry has become common place. Such arrangements...

The main body of theory concerned with the gains and losses incurred because of international investment has been carried out in the context of a two factor-two country-good model in which labour is immobile internationally while some of the capital goods of the home country are invested abroad....

The development of the international petroleum industry has been influenced by the taxation policies of the United States, the home country of most of the major integrated international petroleum producers. These corporations are multinational in the most general definition of the word,...

The conventional treatment by the economic appraisal of investments has been to disregard the particular terms of foreign financing as a benefit or cost. This approach is being called into question as the private provision of public services has become dominated by foreign investors and...

This paper provides a new explanation for "tax holidays," as well as their subsequent removal in a tax reform stage. In a two-period model, I assume that perfectly competitive foreign investors are uncertain about the host country government's propensity for public spending, and that infinitely...

The Philippine economy has manifested signs of recovery due to various factors such as political and economic stabilization. Hence, inflows are expected to continue in the future. While these capital flows are positive developments, it carries with it adverse impacts on the real sector of the...

This paper examines spillover effects of the activities of multinational firms (MNCs). Such effects are most likely to be found in host countries, where the operations of foreign multinationals may influence local firms in the MNC’s own industry as well as firms in other industries. There is...

Based on a historical survey of the experiences of the USA, the EU member states and the East Asian economies, the paper argues that during their early stages of development, now-developed countries systematically discriminated between domestic and foreign investors in their industrial policy....