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Evidence is presented on the Real Interest Parity Hypothesis for a set of emerging and developed countries. This is done by carrying out a set of unit-root tests on the real interest differentials with respect to Germany and the US. Our results support the hypothesis of a rapid reversion towards...
Persistent link: https://www.econbiz.de/10001877121
This paper investigates the consistency of asymmetric interest rate past-trough (IRPT) using a nonlinear autoregressive distributed lag framework. Superior to the previous studies, this study exploits the historical profile of Indonesia to enrich the analysis. Asian Financial Crisis (AFC) which...
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This contribution takes a new look at the gravity equation model in relation to foreign direct investment (FDI) of …
Persistent link: https://www.econbiz.de/10011883270
This paper examines the potential Brexit impact on inward FDI (foreign direct investment) through its potential impact … direct investment. The FDI inflows might be affected positively (at most) by the post-Brexit depreciation of the pound …
Persistent link: https://www.econbiz.de/10014348799
reflected in the patterns of their inward foreign direct investment. Almost three quarters of these inflows accumulated since … foreign direct investment. Despite the major labour cost and corporate tax advantages of locations Bulgaria and Romania, these … investment potential materializes. To arrive there, it is important to further improve the business environment (as a …
Persistent link: https://www.econbiz.de/10012766579
Evidence on productivity spillovers from FDI to domestic firms is ambiguous. Incorrect estimation procedures may be one of the sources for the contradictory results obtained in empirical studies on this subject. We observe that inadequacy of the estimation procedures leads to a severe...
Persistent link: https://www.econbiz.de/10012770629
This paper explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the … leads FDI into the host economy to be about 60% higher for investment from outside the EU, and around 50% higher for intra …
Persistent link: https://www.econbiz.de/10012823325