Evidence on productivity spillovers from FDI to domestic firms is ambiguous. Incorrect estimation procedures may be one of the sources for the contradictory results obtained in empirical studies on this subject. We observe that inadequacy of the estimation procedures leads to a severe...

In Central and Eastern Europe, outward foreign direct investment was not yet until recently a prominent factor in the region's reintegration into the world economy, especially when compared to trade liberalization in the early 1990s or inward foreign direct investment in the late 1990s. In the...

This article explores the main features of outward foreign direct investment and transnational corporations from Russia since 1991. The universe of Russian transnational corporations shows a great variety in its ownership structures, motivations and strategies to invest abroad. There are...

This article explores the future of Russian outward foreign direct investment in the aftermath of the crisis of 2008–2009. As it is too early to analyse the full impact of the crisis, it develops hypotheses about the degree of slowdown in the foreign expansion of Russian transnational...

In this paper it is argued that the restructuring following the stiffer competition stemming from increased global integration will trigger a race between countries to attract inward foreign direct investment (FDI). It is further argued that this race consists of last minute efforts and...

Using a unique data set from the Czech Republic for 1994-2003, this study examines the relationship between a firm's liquidity constraints and its supply linkages with multinational corporations (MNCs). The empirical analysis indicates that Czech firms supplying MNCs are less credit constrained...

Several theories have been put forward by the researchers to explain foreign direct investment. However, no single theory fits the different types of direct investment or the investment made by a particular multinational corporation or country in any region. This paper traces the evolution of...

The growing interest of Brazilian companies in the Argentine market has attracted the attention of the both economies on the implications and the reasons behind of this phenomenon. Recent data show a marked increased tendency flow of foreign direct investment (FDI) in Brazil toward the...

We document a robust relation between corporate tax differentials and US international financial integration (IFI). While this is the case for traditional IFI based on cross-border positions, the positive link also emerges for its larger consolidated-by-nationality version. The gap between these...