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Besley, Timothy J.; Mueller, Hannes Felix - C.E.P.R. Discussion Papers - 2015

Countries with strong executive constraints have lower growth volatility but similar average growth to those with weak constraints. This paper argues that this may explain a strong reduced-form correlation between executive constraints and inflows of foreign investment. It uses a novel dataset...

Persistent link: https://www.econbiz.de/10011145416

Cross-Border Mergers & Acquisitions and the Role of Trade Costs

Görg, Holger; Hijzen, Alexander; Manchin, Miriam - C.E.P.R. Discussion Papers - 2007

Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and...

Persistent link: https://www.econbiz.de/10005067607

Foreign Direct Investment and Politics: The Swedish Model

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1995

Sweden is home to a remarkably large number of prosperous multinationals. We argue that this is partly the result of industrial policies that have been biased in favour of large firms, and partly the result of an institutional setting where regulations and controls have facilitated investment...

Persistent link: https://www.econbiz.de/10005123621

A Touch of Sophistication: FDI and Unit Values of Exports

Harding, Torfinn; Javorcik, Beata - C.E.P.R. Discussion Papers - 2009

many countries. This study presents evidence suggesting that attracting inflows of FDI offers potential for upgrading a … sectors treated by investment promotion agencies as priority in their efforts to attract FDI. The sample covers 116 countries … over the period 1984-2000. The findings are consistent with a positive effect of FDI on unit values of exports in …

Persistent link: https://www.econbiz.de/10008557016

Foreign Direct Investment as Technology Transferred: Some Panel Evidence from the Transition Economies

Campos, Nauro F; Kinoshita, Yuko - C.E.P.R. Discussion Papers - 2002

(FDI), the empirical literature has been unable to establish a positive and significant impact of FDI on the rates of … economic growth of host countries. One reason for this difficulty is that theory equates FDI to technology transferred, while … in most countries and regions of the world FDI encompasses an array of arrangements that goes well beyond pure technology …

Persistent link: https://www.econbiz.de/10005114268

Why Does FDI Go Where it Goes? New Evidence from the Transitional Economies

Campos, Nauro F; Kinoshita, Yuko - C.E.P.R. Discussion Papers - 2003

This Paper examines the importance of agglomeration economies and institutions vis-à-vis initial conditions and factor endowments in explaining the locational choice of foreign investors. Using a unique panel data set for 25 transition economies between 1990-98, we find that the main...

Persistent link: https://www.econbiz.de/10005124111

Do Natural Resources Attract FDI? Evidence from Non-Stationary Sector-Level Data

Poelhekke, Steven; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2010

A new and extensive panel of outward foreign direct investment (FDI) at the sector level is used to estimate the … determinants of non-resource and resource FDI. Since FDI is I(1), we estimate panel error-correction models of FDI with spatial … lags for FDI and market potential. Our main result is that subsoil assets boost resource FDI, but crowd out non …

Persistent link: https://www.econbiz.de/10008680755

Distance to the Efficiency Frontier and FDI Spillovers

Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2004

We establish that domestically owned firms in two alternative models of emerging market economies, the Czech Republic and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the distance of domestic firms to the frontier grew (in all...

Persistent link: https://www.econbiz.de/10005791421

Trade and Multinationals: The Effect of Economic Integration on Taxation and Tax Revenue

Kind, Hans Jarle; Schjelderup, Guttorm; Ulltveit-Moe, … - C.E.P.R. Discussion Papers - 2004

The rising importance of multinationals in the world economy has been accompanied by a rise in trade between affiliates of multinationals located in different countries, and by profits being shifted to low tax countries. The effect of trade barriers on taxation, intra firm trade and profit...

Persistent link: https://www.econbiz.de/10005788992

Do the Biggest Aisles Serve a Brighter Future? Global Retail Chains and Their Implications for Romania

Javorcik, Beata; Li, Yue - C.E.P.R. Discussion Papers - 2008

During the past two decades many economies have opened their retail sector to foreign direct investment, yet little is known about possible implications of such liberalization on the economies of developing host countries. Using firm-level data from Romania, this study examines how the presence...

Persistent link: https://www.econbiz.de/10005791348