This paper examines the competitiveness of Japanese firms in the manufacturing sector since the middle of 1980s when the Japanese FDI outflow was accelerated. Instead of a standard residency-based balance of trade, we use the idea of ownership-based net foreign sales introduced by DeAnne Julius...

There is a long debate among policymakers and academicians regarding whether assessments of international financial integration have significant growth benefits and whether such benefits compensate for the accompanied risks. Recent financial crisis has revived this debate. The previous empirical...

Foreign direct investment (FDI) is expected to generate external effects - usually termed FDI spillovers - for a host country, and these spillovers are thought to have consequences on the productivity of domestic firms. Despite this strong expectation, the empirical findings on FDI spillover are...

The developing and least developed countries in the South and Southeast Asia have emerged as dynamic hosts of foreign direct investment; and inbound FDI growth surpassed that of the developing world during the decade 2001 - 2010. Yet foreign investment continues to flow quite unevenly into...