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Foreign Ownership and Firm Performance : Emerging-Market Acquisitions in the United States
Chari, Anusha; Chen, Wenjie; Dominguez, Kathryn M.E - 2021
This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...
Persistent link: https://www.econbiz.de/10013226196
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Financial Constraints, Institutions, and Foreign Ownership
Alquist, Ron - 2018
This paper examines how external finance dependence, financial development, and institutions influence brownfield foreign direct investment (FDI). We develop a model of cross-border acquisitions in which the foreign acquirer's choice of ownership structure reflects a trade-off between easing...
Persistent link: https://www.econbiz.de/10012929015
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Unmeasured Investment and the Puzzling U.S. Boom in the 1990s
McGrattan, Ellen R. - 2015
The basic neoclassical growth model accounts well for the postwar cyclical behavior of the U.S. economy prior to the 1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are incorporated. For the 1990s, the model predicts a depressed...
Persistent link: https://www.econbiz.de/10012750319
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Is the Stock Market Just a Side Show? Evidence from a Structural Reform
Campello, Murillo - 2014
The 2005 split-share reform in China mandated the conversion of nontradable stocks into tradable status. This paper …
Persistent link: https://www.econbiz.de/10013053854
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International Joint Ventures and Internal vs. External Technology Transfer : Evidence from China
Jiang, Kun - 2018
We study the economics of international joint ventures with administrative data for China exploiting the change in … foreign direct investment policy as China entered the WTO in the year 2002. Accounting for a quarter of all international …). As China has dropped joint venture requirements and shifted towards wholly foreign-owned FDI as part of becoming a member …
Persistent link: https://www.econbiz.de/10012922982
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Facts and Fallacies About U.S. FDI in China
Branstetter, Lee - 2007
Despite the rapid expansion of U.S.-China trade ties, the increase in U.S. FDI in China, and the expanding amount of ….S. multinationals in China. In this paper, we seek to correct four common misunderstandings by providing a statistical portrait of …
Persistent link: https://www.econbiz.de/10012775878
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Is China'S FDI Coming at the Expense of Other Countries?
Eichengreen, Barry; Tong, Hui - 2021
We analyze how China's emergence as a destination for foreign direct investment is affecting the ability of other … countries to attract FDI. We do so using an approach that accounts for the endogeneity of China's FDI. The impact turns out to … vary by region. China's rapid growth and attractions as a destination for FDI also encourages FDI flows to other Asian …
Persistent link: https://www.econbiz.de/10013222647
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Economic Gains for U.S. States from Educational Reform
Hanushek, Eric A. - 2015
There is limited existing evidence justifying the economic case for state education policy. Using newly-developed measures of the human capital of each state that allow for internal migration and foreign immigration, we estimate growth regressions that incorporate worker skills. We find that...
Persistent link: https://www.econbiz.de/10013010721
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The Direct and Indirect Effects of Small Business Administration Lending on Growth : Evidence from U.S. County-Level Data
Young, Andrew T. - 2014
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10013046172
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Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America
Allcott, Hunt - 2014
Do natural resources benefit producer economies, or is there a “Natural Resource Curse,”0 perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term growth? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and...
Persistent link: https://www.econbiz.de/10013047033