Econometric Modeling has a wide range if applications, including economy-wide representations. This study takes on the task of finding a suitable structure to model the Venezuelan economy. It is revealed that econometric structural and computable general equilibrium models are inapplicable,...

This research contributes to the ongoing discussion on functional flexibility and theoretical consistency by comparing the empirical performance of two second order flexible functional forms - the Symmetric Generalized McFadden and the Transcendental Logarithmic. It proposes an estimation...

In the context of sustainable development, environmental policy plays a fundamental role, being one of the major challenges within the EU. In this European framework, and beyond, the objectives of Romania's sustainable economic development policy include among the priority objectives the...

In the context of sustainable development, environmental policy plays a fundamental role, being one of the major challenges within the EU. In this European framework, and beyond, the objectives of Romania's sustainable economic development policy include among the priority objectives the...

Emerging economic theory attempts to explain multinational enterprises' decisions to locate foreign direct investment in certain countries at the expense of others. Recent literature explores the reasons why FDI into a host country may depend on FDI in neighboring countries. This paper extends...

The wage premiums for firm-level foreign exposure (exporting and foreign ownership) have been well documented in the literature, and their potential sources have been studied in depth. Compensating differentials and efficiency wages are two distinct explanations (with radically different...

This paper examines the role of uncertainty and imperfect local knowledge in foreign direct investment. The main idea comes from the literature on investment under uncertainty, such as Pindyck (1991) and Dixit and Pindyck (1994). We empirically test .the value of waiting. with a dataset on...

This paper examines the preferences of a foreign firm and awelfare-maximizing host country government over two modes of foreigndirect investment (FDI): de novo entry by the foreign firm andacquisition of the domestic incumbent. Two crucial features of the modelare the presence of network...

Abstract: It is widely recognized that foreign direct investment (FDI) plays an important role in economic development. However, its impact on entrepreneurial activity has not been well researched. Internationalization theory is used to explore how inward FDI impacts entrepreneurial activity....

China’s accession to the World Trade Organisation (WTO) has greatly enhanced global interest in investment in the Chinese media market, where demand for digital content is growing rapidly. The East Asian region is positioned as a growth area in many forms of digital content and digital service...