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This paper`s target is to point the role of political risk in international affairs. Despite the fact that now we live in a globalized world the reality shows that national borders still matters. In this context, multinational companies face a lot broader types of risk when they invest abroad....
Persistent link: https://www.econbiz.de/10010925873
How does factor accumulation affect the pattern of international specialization and returns to capital? We provide a new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976-2000. We confirm the Heckscher-Ohlin prediction that, with...
Persistent link: https://www.econbiz.de/10008466025
The flow of foreign direct investment (FDI) has increased dramatically in the last two decades. However, the … location and level of their development. The current regional investment law, the weaknesses and strengths of the law and … investigated. Finally, we emphasize the need for the KRG to further promote investment in infrastructure and to impact economic …
Persistent link: https://www.econbiz.de/10005762073
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …
Persistent link: https://www.econbiz.de/10005700962
banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …
Persistent link: https://www.econbiz.de/10005822124
Using a unique enterprise-level data set, which covers the regions Moscow City, Chelyabinsk, Krasnoyarsk and Chuvashia and the three sectors manufacturing and mining, construction and trade and distribution, we estimate Russian labour demand equations for the year 1997. The most important...
Persistent link: https://www.econbiz.de/10005566429
We study the returns to apprenticeship and vocational training for three early labor market outcomes all measured at age 25 for East and West German youths: non-employment (i.e., unemployment or out of the labor force), permanent fulltime employment, and wages. We find strong positive effects of...
Persistent link: https://www.econbiz.de/10011206861
This paper proposes a multiple regression model for country risk assessment using the main economic-financial and political variables starting from the existing major risk rating systems. It is based on data provided by international organizations such as the International Monetary Fund, the...
Persistent link: https://www.econbiz.de/10010839018
The electoral instability falls into the continuous shifts in paradigms, systems, values and economic performance which countries around the world still experience. We believe it is common sense that the election process in a democratic country has an important impact (even a manipulation...
Persistent link: https://www.econbiz.de/10010940736
The global economy is in early stages of recovery after contraction records generated by the economic crisis, but progress is uneven. Some regions are experiencing a revival already, but others continue to struggle. The same is true for many areas of the world economy which enjoys the financial...
Persistent link: https://www.econbiz.de/10010925932