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Current Account Deficits During Heightened Risk : Menacing or Mitigating?

Forbes, Kristin - 2016

's vulnerability to periods of heightened risk and uncertainty. This paper develops a framework to evaluate such vulnerabilities. It … they are affected by domestic and global risk shocks, and apply this framework to 10 OECD economies. These examples …, including a more detailed assessment for the UK, show that a substantial degree of international risk sharing can occur through …

Persistent link: https://www.econbiz.de/10012981097

Policy Uncertainty and Private Investment in Developing Countries

Rodrik, Dani - 2021

A resurgence in private investment is a necessary ingredient of a sustainable recovery in heavily-indebted developing countries. Policy reforms in these countries involve a serious dilemma, especially when they include structural and microeconomic features. On the one hand, entrepreneurs,...

Persistent link: https://www.econbiz.de/10013240561

Equity Prices and Equity Flows : Testing Theory of the Information-Efficiency Tradeoff

Razin, Asaf - 2011

The paper tests three hypotheses concerning foreign equity investment in the presence of liquidity risk. First, the FDI …-to-FPI price differential is negatively related to liquidity risk (the "Price Discount Hypothesis"). The idea is that market …

Persistent link: https://www.econbiz.de/10013131989

Eliminating the Pass-Through : Towards FDI Statistics that Better Capture the Financial and Economic Linkages between Countries

Borga, Maria - 2018

, nationality-based statistics provide information on who makes the decisions, reaps the benefits, and bears the risk. Consolidated …

Persistent link: https://www.econbiz.de/10012911079

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...

Persistent link: https://www.econbiz.de/10013222647

Multinational Enterprises, International Trade, and Productivity Growth : Firm-Level Evidence from the United States

Keller, Wolfgang; Yeaple, Stephen R. - 2021

We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to significant productivity gains for domestic firms. The size of FDI...

Persistent link: https://www.econbiz.de/10013222892

Foreign Direct Investment and Employment : Home Country Experience in the United States and Sweden

Blomström, Magnus; Fors, Gunnar; Lipsey, Robert E. - 2021

We compare the relation between foreign affiliate production and parent employment in U.S. manufacturing multinationals with that in Swedish firms. U.S. multinationals appear to have allocated some of their more labor intensive operations selling in world markets to affiliates in developing...

Persistent link: https://www.econbiz.de/10013223324

Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan'S FDI in the United States

Branstetter, Lee - 2021

Recent empirical work has examined the extent to which international trade fosters international spillovers' of technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers. I introduce a framework for measuring...

Persistent link: https://www.econbiz.de/10013226164

Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies

Blonigen, Bruce A.; Wang, Miao - 2021

This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...

Persistent link: https://www.econbiz.de/10013228764

The Trade and Investment Effects of Preferential Trading Arrangements

Dee, Philippa S.; Gali, V. Jyothi - 2021

This study quantifies the impact of traditional and new age' provisions of preferential trading arrangements (PTAs) on merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent and some past PTAs are not as benign as some...

Persistent link: https://www.econbiz.de/10013234974