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FDI flows and domestic investment : overview
Razin, Asaf - In: CESifo economic studies : CESifo, a joint initiative of … 49 (2003) 3, pp. 415-428
The paper surveys theories of FDI and supporting evidence. A new theory flashes out a unique feature of FDI: hands on … firms. The implications of the theory are that investment is both more efficient (namely, made dependent on the firm …-specific productivity) and, in plausible cases, also larger. The theory can explain both two way flows of FDI among developed economies, and …
Persistent link: https://www.econbiz.de/10001827340
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Welfare migration: is the net fiscal burden a good measure of its economic impact on the welfare of the native-born population?
Razin, Asaf; Tsadḳah, Efrayim - In: CESifo economic studies : CESifo, a joint initiative of … 50 (2004) 4, pp. 709-716
Migration of young workers (as distinct from retirees), even when driven in by the generosity of the welfare state, slows down the trend of increasing dependency ratio. But, even though low-skill migration improves the dependency ratio, it neverthe-less burdens the welfare state. Recent studies...
Persistent link: https://www.econbiz.de/10002485068