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Registros recuperados: 19 | |
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Harms, Philipp; Lutz, Matthias. |
Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries' institutional environment, we find that, evaluated at the mean, the marginal effect of aid on private foreign investment is close to zero. Surprisingly, however, the effect is strictly positive for countries in which private agents face a substantial regulatory burden. After testing the robustness of this result, we offer a theoretical model that is able to rationalize our puzzling observation. |
Tipo: Working or Discussion Paper |
Palavras-chave: Aid; Foreign Direct Investment; Institutions; International Relations/Trade; F35; F21; O16; O19. |
Ano: 2003 |
URL: http://purl.umn.edu/26128 |
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Di Corato, Luca. |
A government bargains a mutually convenient agreement with a multinational corporation to extract a natural resource. The corporation bears the initial investment and earns as a return a share on the profits. The host country provides access and guarantee conditions of operation. Being the investment totally sunk, the corporation must account in its plan not only for uncertainty on market conditions but also for the threat of nationalization. In a real options framework where the government holds an American call option on nationalization we show under which conditions a Nash bargaining is feasible and leads to attain a cooperative agreement maximizing the joint venture surplus. We find that the threat of nationalization does not affect the investment time... |
Tipo: Working or Discussion Paper |
Palavras-chave: Real Options; Nash Bargaining; Expropriation; Natural Resources; Foreign Direct Investment; Financial Economics; C7; D8; K3; F2; O1. |
Ano: 2010 |
URL: http://purl.umn.edu/59378 |
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Sattapon, Weerapong. |
The agricultural sector is an important sector that most people in East Asia rely on and growth in this sector may help to lift their standard of living. This study assessed what factors contributed to agricultural growth by applying the panel econometric approach. First, the long-run relationship between the agriculture growth and its explanatory variable was investigated by applying the IPS unit root test and Pedroni panel cointegration test. The results indicated that all variables showed an integration of order unity, and showed strong evidence to support the existence of long-run relationship. The results from Fixed Effect (FE) regression indicated that imports, exports and trade liberalization were the important factors that contributed to growth in... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural growth; East Asia; Foreign Direct Investment; Trade; Panel Data; International Relations/Trade; O4; Q17; R0. |
Ano: 2006 |
URL: http://purl.umn.edu/25570 |
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Weissleder, Lucie M.; Heckelei, Thomas. |
Foreign direct investment (FDI) is known as a very relevant driver of economic growth and has found increased attention in recent trade research. Existing theories differ, however, in their conclusion regarding the relation between trade in goods and FDI: they appear to be either complements or substitutes depending on the theory applied and specific country conditions. Benefits or losses for individual member countries resulting from these different relationships are relevant for evaluating the effects of regional trade areas as established by the Euro-Mediterranean Partnership. This paper offers an empirical analysis of the connection between trade and FDI flows in the agribusiness sector in the context of the Euro-Mediterranean partnership. It... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Foreign Direct Investment; Trade; EU-Med Partnership; International Relations/Trade. |
Ano: 2008 |
URL: http://purl.umn.edu/44053 |
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Jungnickel, Rolf; Keller, Dietmar. |
In this paper, we investigate internationalization strategies of German manufacturing firms in the European Union. We give reasons for the hypothesis that traditional market strategies had been replaced by border-crossing production networking based on the comparative advantage of host countries and on specialisation and scale economies. Our empirical test of this hypothesis shows, on the one hand, that traditional market strategies are not outdated. On the other hand, there are clear signs of international network strategies. They form an important component in internationalization strategies of multinationals in the Internal Market. The location of foreign production of German multinationals is, among others, oriented towards the technological potential... |
Tipo: Working or Discussion Paper |
Palavras-chave: Foreign Direct Investment; European Integration; Internationalization strategies; International Relations/Trade; F150; F210; F230. |
Ano: 2003 |
URL: http://purl.umn.edu/26376 |
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Registros recuperados: 19 | |
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