The Role Of Information In Driving Fdi Flows
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The Role Of Information In Driving Fdi Flows
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Author : Mr.Ashoka Mody
language : en
Publisher: International Monetary Fund
Release Date : 2003-07-01
The Role Of Information In Driving Fdi Flows written by Mr.Ashoka Mody and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-07-01 with Business & Economics categories.
We develop a simple information-based model of FDI flows. On the one hand, the abundance of "intangible" capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other hand, host-country corporate-transparency diminishes the value of this expertise, thereby reducing the flow of FDI. Empirical evidence (from a sample of 9 source countries and 13 host countries over the 1980s and 1990s), analyzed in a gravity-equation model, provides support for the theoretical hypotheses. The model also demonstrates that the gains for the host country from FDI (over foreign portfolio investment (FPI)) are reflected in a more efficient size of the stock of domestic capital and its allocation across firms. These gains are shown to depend crucially (and positively) on the degree of competition among FDI investors.
The Role Of Information In Driving Fdi
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Author : Ashoka Mody
language : en
Publisher:
Release Date : 2002
The Role Of Information In Driving Fdi written by Ashoka Mody and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Corporations, Foreign categories.
We develop a simple information-based model of FDI flows in which the abundance of intangible' capital in the source countries, which generates expertise in cream-skimming investment projects in the host countries and enhances FDI flows. Corporate transparency in the host countries, on the other hand, diminishes the value of this expertise and thereby reduces the flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980s and 1990s) which is analyzed in a gravity equation model provides some support to our theoretical hypotheses. The gains from FDI in the host country in our model are reflected in a more e.cient size of stock of domestic capital and its allocation across firms. These gains depend crucially (and inversely) on the degree of competition among FDI investors.
Foreign Direct Investment
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Author : Assaf Razin
language : en
Publisher: Princeton University Press
Release Date : 2016-06-28
Foreign Direct Investment written by Assaf Razin and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-28 with Political Science categories.
The 1990s saw global flows of foreign direct investment increase some sevenfold, spurring economists to explore FDI from a micro- or trade-based perspective. Foreign Direct Investment is one of the first books to analyze the macroeconomics of FDI, treating FDI as a unique form of international capital flow between specific pairs of countries. By examining the determinants of the aggregate flows of FDI at the bilateral, source-host-country level, Assaf Razin and Efraim Sadka present the first systematic global analysis of the singular features of FDI flows. Drawing on a wealth of fresh data, they provide new theoretical models and empirical techniques that illuminate the vital country-pair characteristics that drive these flows. Uniquely, Foreign Direct Investment examines FDI between developed and developing countries, and not just between developed countries. Among many other insights, the book shows that tax competition vis-à-vis FDI need not lead to a "race to the bottom." Foreign Direct Investment is an essential resource for graduate students, academics, and policy professionals.
The Role Of Information In Driving Fdi Flows
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Author : Ashoka Mody
language : en
Publisher:
Release Date : 2003
The Role Of Information In Driving Fdi Flows written by Ashoka Mody and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Competition categories.
Fdi Flows To Low Income Countries
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2010-06-01
Fdi Flows To Low Income Countries written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-01 with Business & Economics categories.
What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge: (i) lower borrowing costs and positive real-side external factors were increasingly important drivers of FDI outflows to low-income countries in the pre-crisis period; (ii) economic fundamentals, the strength of economic reforms, and commitment to macroeconomic discipline are crucial determinants of the growth dividends of FDI. Our paper suggests that low-income countries can turn to domestic policy solutions to mitigate the adverse effects of a potential decline in FDI in the post-crisis world.
Determining Fdi Flows Into Scandinavia
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Author : Constantina Kottaridi
language : en
Publisher:
Release Date : 2003
Determining Fdi Flows Into Scandinavia written by Constantina Kottaridi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Abstract In a recent global competitiveness report by the IMF, the four Nordic countries all ranked in top ten, attesting to the region's growing attractiveness as a host location for MNCs. This paper investigates the driving forces determining foreign direct investment flows into Scandinavia. We use a panel data set covering FDI inflows to Denmark, Sweden, Norway and Finland for the period 1979-2000. Results suggest that, in addition to traditional determinants of FDI, technological advantages of the region are of particular importance for foreign investors. Thus, evidence is provided for the changing pattern of international production indicating strategic needs for MNCs to acquire assets and technology that are specific to particular locations.
Foreign Direct Investment In The World Economy
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Author : Mr.Edward M. Graham
language : en
Publisher: International Monetary Fund
Release Date : 1995-06-01
Foreign Direct Investment In The World Economy written by Mr.Edward M. Graham and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-06-01 with Business & Economics categories.
The role of foreign direct investment (FDI) in international capital flows is examined. Theories of the determinants of FDI are surveyed, and the economic consequences of FDI for both host (recipient) and home (investor) nations are examined in light of empirical studies. Policy issues surrounding possible negotiation of a “multilateral agreement on investment” are discussed.
Investing In Friends
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Author : Shekhar Aiyar
language : en
Publisher:
Release Date : 2023
Investing In Friends written by Shekhar Aiyar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with International economic relations categories.
Firms and policy makers are increasingly looking at friend-shoring to make supply chains less vulnerable to geopolitical tensions. We test whether these considerations are shaping FDI flows, using investment-level data on almost 300,000 instances of greenfield FDI between 2003 and 2022. Estimates from a gravity model, which controls for standard push and pull factors, show an economically significant role for geopolitical alignment in driving the geographical footprint of bilateral investments. This result is robust to the inclusion of standard bilateral drivers of FDI -- such as geographic distance and trade flows -- and the strength of the effect has increased since 2018, with the resurgence of trade tensions between the U.S. and China. Moreover, our results are not limited to greenfield FDI, but hold also for M&As.
The New Global Determinants Of Fdi Flows To Developing Countries
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Author : Tony Addison
language : en
Publisher:
Release Date : 2015
The New Global Determinants Of Fdi Flows To Developing Countries written by Tony Addison and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Foreign direct investment (FDI) has increased dramatically in recent years. However, the distribution of FDI is highly unequal and very poor countries face major difficulties in attracting foreign investors. This paper investigates the determinants of FDI inflows to developing countries, with a particular emphasis on the impact of the 'third wave of democratization' that started in the early 1980s and the spread of information and communication technology (ICT) that began in the late 1980s. These two global developments must now be taken into account in any explanation of what determines FDI flows. Using a large sample of countries, together with panel data techniques, the paper explores the determinants of FDI. The causal relationship between FDI, GDP growth, trade openness and ICT is investigated. The main findings are that democratization and ICT increase FDI inflows to developing countries. The paper concludes that more assistance should be given to poorer countries to help them to adopt ICT and to break out of their present 'low ICT equilibrium' trap.
Foreign Direct Investment
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Author : I. Moosa
language : en
Publisher: Springer
Release Date : 2002-01-29
Foreign Direct Investment written by I. Moosa and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-29 with Business & Economics categories.
Foreign direct investment is an important issue that has attracted the attention of academic and professional economists as well as politicians and policy makers. In Foreign Direct Investment , Imad A. Moosa presents a survey of the vast body of literature and ideas relating to foreign direct investment that will be invaluable as a reference work for all these groups. He provides concise definition and analysis of the theories behind foreign direct investment, and considers factors affecting its implementation. The impact of foreign direct investment on economic development, host countries and the growth of multinationals, together with methods for evaluating foreign direct investment projects are discussed. The book is based on the experiences of and the empirical evidence pertaining to foreign direct investment in a large number of countries, and includes case studies on specific projects.