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Foreign direct investment (FDI) is observed to be a predominant form of capital flows to emerging economies, especially … when they are liquidity-constrained internationally during a global financial crisis. The financial aspects of FDI are the … asymmetric information between the managing owners of firms and other portfolio stakeholders. We explore the role played by FDI …
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When the Mexican financial crisis occurred in December, 1994, there was little information with which to analyze the prospects, but there were many similarities between the adjustment that Mexico went through in connection with the debt crisis of 1982–83. The time paths of crucial...
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This paper seeks to establish the role of absorptive capacity in technology transfer from acquisition FDI in U …
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This paper extends the examination of the effects of exchange rate risk on the foreign direct investment decision of U.S. multinationals in manufacturing. It does so by explicitly developing a model which incorporates exchange rate risk into the objective function of the firm and tests the model...
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productivity spillovers from FDI. We use establishment level data for the period 1980–1992 for the UK. Given that there is … engineering. We allow for different effects of FDI on establishments located at different quantiles of the productivity … for a u-shaped relationship between productivity growth and FDI interacted with the efficiency gap. We also analyse in …
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Cross sectional evidence shows that foreign firms have a more educated workforce and pay higher wages than domestic firms. These results do not necessarily imply that foreign direct investment translates into higher demand for educated workers or higher wages, however, since foreign investment...
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