The volume of Japanese investment in the Queensland tourist industry in recent years has attracted much public comment, and accusations of racism have been at the centre of some quite heated debate. Liberal economists argue that Japanese investment is essential for the future prosperity of the...

The results are reported of an empirical study of how German companies investigate and analyse political risks in foreign countries prior to direct investment. It would seem that the risk of involvement in countries with varying social, political and business conditions, can only be minimised...

The evaluation process for capital expenditures has become increasingly challenging in an increasingly international marketplace and amidst rapid technological change. Key recommendations for improving the evaluation process are outlined. It is argued that, from the company′s strategic plan,...

This paper uses firm level panel data to investigate empirically the effects of direct foreign investment (DFI) on the productivity performance of domestic firms in three emerging economies of Central and Eastern Europe, Bulgaria, Romania and Poland. To this end a unique firm level panel data...

Recent studies on the welfare implications of internationally mobile capital for a country employing commercial policy have been restricted to constant-returns-to-scale (CRS) production models. It is generally concluded that the pursuit of such policies is welfare-decreasing under CRS...

To study the impact of foreign direct investment (FDI) on innovation, imitation and technology transfer, we introduce FDI into Grossman and Helpman's quality ladders product cycle model, thus allowing technology transfer between countries to occur through both FDI and imitation.

This paper examines the relationship between foreign ownership and productivity, paying particular attention totwo issues neglected in the existing literature - the role of multinationals in service sectors and the importanceof R&D activity conducted by foreign multinationals. We review existing...

Even though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The purpose of this paper is to highlight key source of market failure in the contest of international capital flows and to provide...

Recent commentary has downplayed the growth dividend from international financial integration, highlighting the possibly negative correlation between capital inflows and long-run growth. This paper presents new evidence consistent with standard economic theory and a more benign interpretation of...