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We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...
Persistent link: https://www.econbiz.de/10013015601
undermine the effect of Foreign Direct Investment (FDI), official development assistance (ODA) and migrants’ remittances on … economic expansion. Based on neoclassical growth framework, the theoretical model indicates that FDI, ODA, and remittances …
Persistent link: https://www.econbiz.de/10013306770
development: (i) that economic takeoff is associated with technological transfer through foreign direct investment (FDI); and (ii …) that takeoff is accompanied, at least in the short term, by widening income inequality. The results indicate that FDI flows … have increased the rate of convergence in per capita incomes across China's provinces. However, the pattern of FDI, which …
Persistent link: https://www.econbiz.de/10013317895
The inefficiency of the Italian judicial system has contributed to reduced investments, slow growth and a difficult business environment. The enforcement of civil and commercial claims suffers from excessive delays in court proceedings, resulting in a very large number of pending cases. The...
Persistent link: https://www.econbiz.de/10013057316
This paper presents a novel framework to estimate the elasticity between nighttime lights and quarterly economic activity. The relationship is identified by accounting for varying degrees of measurement errors in nighttime light data across countries. The estimated elasticity is 1.55 for...
Persistent link: https://www.econbiz.de/10014082217
informality in Sub-Saharan Africa (SSA). This paper explores how land market and labor regulations affect factor allocative …
Persistent link: https://www.econbiz.de/10012912482
Africa and its major Regional Economic Communities (RECs). The results of the instrumental variable and panel fixed …-effects estimation show that RTI promotes economic growth in Africa. However, it fosters income divergence, reflecting the distribution …
Persistent link: https://www.econbiz.de/10013243044
Africa. The study focuses on seven countries, five of which decisively liberalized their foreign exchange regimes. The study …
Persistent link: https://www.econbiz.de/10013102259
Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest … spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We …, macroeconomic policy, and sociopolitical factors. Our analysis suggests that determinants of growth spells in Africa are different …
Persistent link: https://www.econbiz.de/10013065149
The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in selected African countries. Premised on the concept of social welfare function,...
Persistent link: https://www.econbiz.de/10013063648