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Three Essays On Foreign Investment

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Three Essays On Foreign Investment

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Author : Krishna Srinivasan
language : en
Publisher:
Release Date : 1993

Three Essays On Foreign Investment written by Krishna Srinivasan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with categories.

Three Essays On Foreign Direct Investment

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Author : Agim Kukeli
language : en
Publisher:
Release Date : 2004

Three Essays On Foreign Direct Investment written by Agim Kukeli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Investments, Foreign categories.

Three Essays On Foreign Direct Investment

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Author : 張家瑞
language : en
Publisher:
Release Date : 2015

Three Essays On Foreign Direct Investment written by 張家瑞 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.

Three Essays On The Political Economy Of Foreign Investments And International Business

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Author : Trung A.. Dang
language : en
Publisher:
Release Date : 2017

Three Essays On The Political Economy Of Foreign Investments And International Business written by Trung A.. Dang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Democracy categories.

"My dissertation consists of three essays on the political economy of foreign investments and international business. The first essay investigates the relationship between a country's level of democracy and its ability to attract foreign direct investment (FDI). According to a well-established finding in the literature, democratic countries can attract more FDI. However, I show that this positive association between democracy and FDI disappears once I control for a selection bias in which FDI tends to come from democratic countries in the first place. I then show that it is not democracy by itself but the level of political similarity between any two countries that affects their FDI flow. In other words, democracy does not attract FDI, political similarity does. The second essay looks into how well countries absorb foreign investments after they receive those investments. I find that FDI contributes less to economic growth in more democratic countries. This result survives a long series of robustness checks, and its substantive effect is considerably larger than those of several other factors that affect growth, including market size, trade openness, development level, and inflation. While the first two essays are empirical in nature and primarily deal with politics at the macro level (i.e., between countries), the third essay is a theoretical study ofthe strategic interaction between micro-level actors (i.e., firms, activist groups) and their governments. It is, to my knowledge, the first game-theoretic model of private politics - a relatively young field - that focuses on the international dimension. I find that activist campaigns in democratic and nondemocratic countries have different characteristics due to the nature of the competition between firms and activist groups. Counterintuitively, I find that even if governments have pure economic motives - i.e., they only care about gaining investments for their countries?there still does not exist a "race to the bottom" in equilibrium, as commonly expected. Finally, I propose a novel answer to the perennial question in political science of why there is so "little" lobbying money in politics, which differs from previous explanations in that mine is the first one that is based on a competition dynamic."--Pages vi-vii.

Three Essays On Direct Foreign Investment And Host Country Policies

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Author : Kim Song Tan
language : en
Publisher:
Release Date : 1991

Three Essays On Direct Foreign Investment And Host Country Policies written by Kim Song Tan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with categories.

Three Essays On Foreign Direct Investment

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Author : Wenying Jiangli
language : en
Publisher:
Release Date : 2002

Three Essays On Foreign Direct Investment written by Wenying Jiangli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with categories.

Three Essays On Direct Foreign Investment And Technology Transfer

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Author : Yongjae Choi
language : en
Publisher:
Release Date : 1994

Three Essays On Direct Foreign Investment And Technology Transfer written by Yongjae Choi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.

Direct foreign investment (DFI) by transnational enterprises (TNEs) is an important vehicle of capital and technology transfer among countries. Yet, the possibility of heavy taxation and expropriation by the governments of host countries seems to be a serious impediment to the more extensive use of DFI as a means of improving resource allocation and technology transfer among countries. The first essay develops a game-theoretic model of direct foreign investment (DFI) in a country where the government cannot commit to refraining from expropriation of sunk investments by transnational enterprises (TNEs). In this situation, when the government lacks the necessary resources to finance the sunk costs of investment, DFI would be possible if there are self-enforcing contracts that give the investing TNE a minimum amount of the surplus generated by the project. We argue such contracts may exist if there are possibilities for transfer pricing on the part of the TNE. While transfer pricing is often seen as a negative aspect of TNE investments, our findings suggest that some transfer pricing opportunities may indeed enhance DFI. This also implies that in a country with severe government time-inconsistency problems, investment in detection of transfer pricing may be counter-productive for the extension of DFI benefits to the country. The second essay argues that the role of the TNE as a guarantor of product quality can serve to secure DFI and transfer of technology. In a market subject to producers' moral hazard arising from unobservable product quality, guaranteeing quality by individual producers may require high reputational rents when the cost of delivering high-quality products fluctuates. TNEs operating in a large number of countries may have less incentives to cheat because cheating in one country costs the TNEs the loss of reputation in other countries. Thus, they produce high quality at a lower quality premium in each country. This incentive effect of "risk pooling" provides the TNEs an advantage over independent local firms in terms of guaranteeing product quality and this advantage may make foreign investment attractive to host countries and deter opportunistic policies. It also helps TNEs transfer their technologies through arm's length agreements with greater confidence. The third essay consists of an emprical study of Korean electrical/electronics industry focusing on the effects of imported foreign technologies on local technological progress. It is shown that that the technologies developed by the local firms in Korean electrical/electronics industry are mainly peripheral or adaptive to imported foreign technologies. When learning-how is not essential and technolgical progress is quite rapid, continued import of foreign technologies is crucial for keeping pace with international technological progress. Contrary to the conventional view of the role of exports in Korean economic development, the role of exports is limited to facilitating enhancing technological capabilities for production and generation of new technologies requires conscious investments on R & D and imports of foreign technologies.