Developing countries are rapidly emerging as new and important sources of foreign direct investment (FDI) to other developing countries. While Asian companies have become significant foreign direct investors abroad, a large share of outward investments from Asia appears to have been recycled...

This paper examines cross-border M&A activities in a large panel which includes many developing Asian economies. How important are financial drivers of M&As in the region, particularly financial risks such as market risk, credit risk, and liquidity risk? How significant are intra-(developing)...

The availability of bilateral capital flows between countries has given rise to a number of papers attempting to understand trends and determinants of capital flows between country pairs. Almost without exception, the papers find that the gravity model fits the data quite well. Specifically,...

This paper investigates the determinants of foreign direct investment (FDI) flows to developing Asia using bilateral FDI flows for the period 1990 to 2005. We pay particular attention to possible differences in the determinants of FDI flows to developing Asian economies from the rest of the...

Unlike trade flows, there has been little to no detailed examination of foreign direct investment (FDI) flows between Asian economies. This paper uses bilateral FDI flows data to investigate trends in intra-Asian FDI flows over the period 1990-2005. It employs an augmented gravity model to...

The availability of bilateral capital flows between countries has given rise to a number of papers attempting to understand trends and determinants of capital flows between country pairs. Almost without exception, the papers find that the gravity model fits the data quite well. Specifically,...

This monograph has been prepared by Dr Ijaz Nabi with assistance from Abdul Malik, Rabin Hattari (World Bank), Turab Husain, Adeel Shafqat, Sana Anwaar, and Ammar Rashid (Lahore University of Management Sciences).

This paper examines intra-Asian FDI flows using bilateral data over the period 1990 to 2005. Does the so-called distance puzzle that has charcterized trade and FDI based gravity models exist in the case of intra-Asian FDI flows as well? And if so, to what extent can it be explained by...

While India is an increasingly attractive destination for foreign capital, the country is also becoming a significant source of outflows. Many Indian enterprises view outward foreign direct investment (OFDI) as an important dimension of their corporate strategies. This paper presents some data...

There has been much interest in understanding various dimensions of the growth and integration of emerging Asia with the rest of the world, particularly with regard to international capital flows and external financing. Nonetheless, serious academic work in this area has lagged somewhat compared...