By combining new data on bilateral asset holdings with data on securities regulation in an empirical gravity model, it is found that bilateral differences in securities regulation lead to decreased portfolio holdings. Hence, regulatory harmonization can foster financial integration. The results...

By combining new data on bilateral asset holdings with data on securities regulation in an empirical gravity model, it is found that bilateral differences in securities regulation lead to decreased portfolio holdings. Hence, regulatory harmonization can foster financial integration. The results...

The research delves into the determinants of inward FDI to Colombia in the context of economic integration promoted by recent governments. Colombia's trade liberalisation, in addition to seeking to boost its trade flow, has focused on making the country more attractive to foreign direct...

Economic integration between the EU and the CEECs has proceeded at high speed over the 90's, with the main channels of such integration being trade and FDI. Some authors believe that the `commercial transition?is now complete and that a new, deeper phase of integration has started, with growing...

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...

Commencing in the 1990s, India signed a number of bilateral investment treaties (BITs), however, after a spate of adverse investor-state dispute settlements (ISDS), India has recently denounced all its erstwhile investment treaties. New investment treaties now need to be negotiated on the basis...

This paper analyzes the causes of the decline in Japan's border effect in four machinery industries (electrical, general, precision, and transportation machinery) by estimating gravity equations for Japan's international and interregional trade. In the estimation, we explicitly take account of...

This study analyzes the relationship between outward foreign direct investment (OFDI) stocks pertaining to thirty four OECD source and one hundred sixty destination countries (i.e. bilateral stocks) and other various variables such as size, distance, common language etc using augmented gravity...

The aim of this paper is to verify whether overseas direct investment activities of China can substitute or complement domestic exports. Using panel data of 85 host countries from 2003 to 2011 we conduct detailed empirical examinations within the framework of the gravity model. After correcting...

This paper analyzes the impact of firm networks on Japan’s national border effect. We estimate gravity equations using data on Japan’s international and interregional trade in four machinery industries (electrical, general, precision and transportation machinery). The machinery sector is the...