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Registros recuperados: 33
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Multilateral Trade Liberalisation and FDI: An Analytical Framework for the Implications for Trading Blocs AgEcon
Ghazalian, Pascal L.; Cardwell, Ryan T..
The proliferation of regional integration agreements (RIAs) over the past several years has led to significant changes in the global configuration of trade and investment activity. Multinational enterprises now face the prospect of multilateral trade liberalisation that could significantly affect the foreign direct investment (FDI) incentive structures that were established within the range of current RIAs. RIAs that provide preferential market access to member countries modify firms’ incentives to undertake FDI activities and can lead to various permutations of trade and investment creation and diversion. This article provides an analytical framework for understanding the implications of multilateral trade liberalisation for the incentive structures of...
Tipo: Journal Article Palavras-chave: Foreign direct investment; Incentives; Multilateral trade liberalisation; Regional integration agreements; Demand and Price Analysis; Financial Economics; International Relations/Trade; Political Economy.
Ano: 2010 URL: http://purl.umn.edu/90590
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THE U.S. FOOD MARKETING SYSTEM, 2002: COMPETITION, COORDINATION, AND TECHNOLOGICAL INNOVATIONS INTO THE 21ST CENTURY AgEcon
Harris, James Michael; Kaufman, Phillip R.; Martinez, Stephen W.; Price, Charlene C..
This report focuses on recent trends in the food supply chain. Chapters on food manufacturing, wholesaling, grocery retailing, and food service provide a detailed overview of structure, performance, information systems, new technology, and foreign direct investments. The report also contains a comprehensive set of appendix tables containing sales, concentration, trade, productivity, and other indicators. At the time of publication, most of the data sets used in this report included data through the year 2000.
Tipo: Report Palavras-chave: Consolidation; Concentration; Trade; Sales; Technology; Profits; Foreign direct investment; Industrial Organization; Marketing.
Ano: 2002 URL: http://purl.umn.edu/34001
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Trade Costs and International Strategy of Firms: the Role of Endogenous Product Differentiation AgEcon
Blanchard, Pierre; Gaigne, Carl; Mathieu, Claude.
We study the impact of trade liberalization on the international strategy of firms (to export and/or invest abroad as well as the number of varieties to be produced) when product differentiation is endogenous. By considering product differentiation as a strategic variable, our analysis sheds new light on the impact of trade barriers on the decision to produce abroad and on the choice of product range, in accordance with recent empirical evidence. We show, even though technology exhibits the same productivity for each variety, firms drop some of varieties with trade integration. In addition, our results reveal that, contrary to the standard theoretical literature, the relationship between the decision to export and trade costs is non-linear. When trade...
Tipo: Working Paper Palavras-chave: Foreign direct investment; Exports; Multi-product competition; Endogenuos differentiation product; Trade integration; International Relations/Trade; F12; F23; L11; L25.
Ano: 2012 URL: http://purl.umn.edu/121117
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The Effect of Currency Crises on Foreign Direct Investment Activity in Emerging Markets AgEcon
Soliman, Mohamed M..
Despite the ample literature on currency crises, the effect of currency crises on foreign direct investment FDI activity has been largely unexamined. This paper tests the sensitivity of three measures of U.S. outbound non-bank FDI activity to currency crises in 21 emerging economies. The findings of this analysis suggest that contrary to the common perception, currency crises do not seem to have a negative effect on FDI activity in the crisis economy. Indeed, we find some evidence that currency crises may increase FDI activity in the affected country. These results underline the stable nature of FDI relative to other types of international capital flows and as a safer mode of financing for emerging economies.
Tipo: Journal Article Palavras-chave: Foreign direct investment; Currency crises; Multinational corporations; Financial Economics; International Relations/Trade; F21; F31.
Ano: 2005 URL: http://purl.umn.edu/50276
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U.S. Dairy at a Global Crossroads AgEcon
Blayney, Donald P.; Gehlhar, Mark J.; Bolling, H. Christine; Jones, Keithly G.; Langley, Suchada V.; Normile, Mary Anne; Somwaru, Agapi.
Current dynamics in world dairy markets and the potential for global and domestic trade policy reform are bringing the U.S. dairy sector to a new crossroads as it faces competitive forces from outside its borders. Those forces—demand for new products by consumers in industrialized countries, changes in technology, rapid economic growth in emerging developing countries, particularly in Asia, and the increasing role of multinational firms in domestic and global dairy markets—are leading to increased dairy consumption, more opportunities for dairy product trade, and foreign direct investment benefiting both U.S. consumers and producers. As global demand for milk and new dairy products expands, the roles of policies that support prices are diminishing, while...
Tipo: Report Palavras-chave: International dairy markets; Dairy trade; Dairy policy; Tariffs; Production quotas; Foreign direct investment; Cheese; Butter; Dry milk powders; Agribusiness; Livestock Production/Industries.
Ano: 2006 URL: http://purl.umn.edu/7209
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India's Reform of External Sector Policies and Future Multilateral Trade Negotiations AgEcon
Srinivasan, T.N..
I evaluate India's transition from an inward-oriented development strategy to greater participation in the world economy. While tariff rates have decreased significantly over the past decade, India is still one of the more autarkic countries. Despite improvement over the past in export performance, India continues to lag behind its South- and East Asian neighbors. Second, official debt flows have been largely replaced by foreign direct investment (FDI) and portfolio investment in the 1990s. India's ability to attract FDI would be greatly enhanced by further reforms. I argue that India's participation in a future round of multilateral trade negotiations would benefit India. I outline the further reforms most needed: reform of labour and bankruptcy laws,...
Tipo: Working or Discussion Paper Palavras-chave: India; Antidumping; Developing countries; Economic reform; Export performance; Foreign direct investment; Intellectual property rights; Multilateral trade negotiations; Quantitative restrictions; Real exchange rate; Tariff and non-tariff barriers; World Trade Organization; International Relations/Trade; F13; F14; F15; F21; F35; H54; K31; O34; O38; O53; P11.
Ano: 2001 URL: http://purl.umn.edu/28428
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The Effect of Environmental Regulation on the Locational Choice of Japanese Foreign Direct Investment AgEcon
Kirkpatrick, Colin; Shimamoto, Kenichi.
This paper assesses the impact of environmental regulation in host countries on Japanese foreign direct investment (FDI) decision-making. It tests the pollution haven hypothesis using data on national environmental regulation standards and Japanese inward FDI in five dirty industries (iron and steel industry, non-ferrous metals industry, chemicals industry, paper and pulp industry, non-metallic products industry). The results do not support the pollution hypothesis. On the contrary, inward Japanese FDI appears to be attracted to countries which have committed themselves to a transparent and stable environment regulatory environment, suggesting that the quality of the regulatory framework in terms of its certainty and transparency has a greater influence on...
Tipo: Working or Discussion Paper Palavras-chave: Environmental regulation; Foreign direct investment; Japanese multinationals; Environmental Economics and Policy; International Relations/Trade; Q56; F21.
Ano: 2005 URL: http://purl.umn.edu/30584
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Foreign Direct Investment in China's Power Sector: Trends, Benefits and Barriers AgEcon
Blackman, Allen; Wu, Xun.
In the early 1990s, hoping to reduce chronic electricity shortages and enhance the efficiency of Chinese power plants, China opened its doors to foreign direct investment (FDI) in electricity generation. Using data from an original survey of US private investors, official Chinese statistics, and other sources, we assess the volume and characteristics of FDI in China's power sector, its impact on energy efficiency, and the factors that limit this impact. Our five principal findings are as follows. First, the volume FDI in China's power sector will likely fall short of the government's 1995 - 2000 capacity expansion target by a substantial margin, most likely because of persistent institutional barriers to FDI. Second, to avoid the lengthy central government...
Tipo: Working or Discussion Paper Palavras-chave: Foreign direct investment; China; Electricity; Resource /Energy Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/10606
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PROCESSED FOOD TRADE AND FOREIGN DIRECT INVESTMENT UNDER NAFTA AgEcon
Koo, Won W.; Mattson, Jeremy W..
Trade in processed food products is rapidly growing. Trade with Canada and Mexico has especially been growing since free trade agreements have been implemented. The U.S. presence in the processed food industry in other countries through foreign direct investment (FDI) is also large and has been expanding. The relationship between trade and FDI is uncertain and subject to much debate. Japan and Canada are the largest importers of processed foods from the United States, followed by Mexico and Korea. Canada is the leading exporter of food products to the United States, followed by France, Mexico, and Italy. Canada and Mexico have, in recent years, become increasingly important trading partners in processed foods. Results from this study do not...
Tipo: Working or Discussion Paper Palavras-chave: Trade; Processed foods; Foreign direct investment; Canada; Mexico; International Relations/Trade.
Ano: 2002 URL: http://purl.umn.edu/23566
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Police-powers, regulatory takings and the efficient compensation of domestic and foreign investors AgEcon
Aisbett, Emma; Karp, Larry S.; McAusland, Carol.
In customary international and public law, “takings” resulting from regulations designed to protect the public good are generally excluded from compensation rules; this exclusion is known as a police powers carve-out (PPCO). Increasingly, this PPCO is being challenged, particularly in international investment law. This paper analyzes the efficiency properties of a PPCO in a model with endogenous regulation, investment and entry. We design a one-parameter family of carve-out/compensation schemes that induce efficient regulation and firm level investment even when the regulator suffers fiscal illusion and the social benefit from regulation is private information to the regulator. We show that offering a carve-out reduces the subsidy to risky industry...
Tipo: Working or Discussion Paper Palavras-chave: Regulatory takings; Expropriation; Environment; Foreign direct investment; NAFTA; Environmental Economics and Policy; Research Methods/ Statistical Methods; F21; H4; K3; Q58.
Ano: 2008 URL: http://purl.umn.edu/42842
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U.S. FOREIGN DIRECT INVESTMENT IN FOOD PROCESSING INDUSTRIES OF LATIN AMERICAN COUNTRIES: A DYNAMIC APPROACH AgEcon
Skripnitchenko, Anatoliy; Koo, Won W..
In this report, we apply a dynamic cost minimization model of U.S. foreign direct investment in food processing industries to nine Latin American countries. Estimation of the first order condition (Euler equation) using a consistent rational expectation assumption showed that dynamic structure explains the investment process in food processing industries quite well. U.S. food processors in Latin America are driven by the host country?s level of demand and by labor cost considerations. They can adjust their investment position quickly. We also quantified short and long-run effects of shocks to exogenous variables on foreign direct investment position.
Tipo: Working or Discussion Paper Palavras-chave: Foreign direct investment; Dynamic; Latin America; Adjustment costs; Processed food; Euler equation; International Relations/Trade.
Ano: 2005 URL: http://purl.umn.edu/23533
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Price or politics? An investigation of the causes of expropriation AgEcon
Duncan, Roderick.
Expropriations of foreign direct investment in developing countries are typically blamed on political and economic crises in those countries. Developing a new database of expropriations in the minerals sectors of developing country exporters, I show that expropriations were correlated with mineral price booms and that democratic governments were more likely to expropriate. No link is found between expropriations and political or economic crises, except at independence. A better explanation of expropriation would be opportunistic behaviour by host governments when profits of investments are high. In two developed countries, Australia and Canada, expropriations are also found to occur during price booms.
Tipo: Journal Article Palavras-chave: Expropriation; Foreign direct investment; Natural resources; Resource /Energy Economics and Policy.
Ano: 2006 URL: http://purl.umn.edu/116859
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U.S. Foreign Direct Investment in the Western Hemisphere Processed Food Industry AgEcon
Bolling, H. Christine; Neff, Steven; Handy, Charles R..
Foreign direct investment (FDI) has become the leading means for U.S. processed food companies to participate in international markets. Affiliates of U.S.-owned food processing companies had $30 billion in sales throughout the Western Hemisphere in 1995, nearly 4 times the level of processed food exports. This report puts U.S. foreign direct investment and trade in processed foods to the region into global perspective, and finds evidence that, in the aggregate for the 1990's, trade and FDI are complementary--not competitive--means of accessing international food markets. Incomes have grown sufficiently in most countries to support growth in affiliate sales and U.S. exports, indicating a strong demand for a wide variety of processed foods.
Tipo: Report Palavras-chave: U.S. food processing industry; Western Hemisphere; Foreign trade; Foreign direct investment; Agribusiness; International Relations/Trade.
Ano: 1998 URL: http://purl.umn.edu/34017
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The Contribution of Foreign Direct Investment to China's Export Performance: Evidence from Disaggregated Sectors AgEcon
Gu, Weishi; Awokuse, Titus O.; Yuan, Yan.
There has been a long debate in the theoretical and empirical economic circles on how host country's exports respond to inward foreign direct investment (FDI). This paper examines whether FDI stimulates export performance of the recipient countries using the case of China. It contributes to the literature by investigating the relationship of FDI and export performance using disaggregated manufacturing sectors from 1995 to 2005. The empirical results suggest that FDI flows into China have statistically significant and positive effects on its exports and it exhibits differences across sectors.
Tipo: Conference Paper or Presentation Palavras-chave: Export performance; Foreign direct investment; China; Panel data; International Relations/Trade; F21; F14; C33.
Ano: 2008 URL: http://purl.umn.edu/6453
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INTERNATIONAL TRADE AND FOREIGN DIRECT INVESTMENT: SUBSTITUTES OR COMPLEMENTS? AgEcon
Marchant, Mary A.; Cornell, Dyana N.; Koo, Won W..
International agricultural trade has evolved over time. Processed foods and developing countries have become major growth markets for U.S. agricultural exports, and foreign direct investment (FDI) has become even more important than exports as a means of accessing foreign markets. The critical question is whether FDI is a substitute for or a complement of exports. This research builds upon an existing theoretical FDI model and contributes to the literature through the development of a simultaneous equation system for FDI and exports, which is estimated using two-stage least squares. Empirical analyses were used to examine the relationship between U.S. FDI and exports of processed foods into East Asian countries - China, Japan, Singapore, South Korea,...
Tipo: Journal Article Palavras-chave: East Asia; Exports; Foreign direct investment; International trade; Processed foods; International Relations/Trade; F47; Q17; C3; F17.
Ano: 2002 URL: http://purl.umn.edu/15471
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AGRONEGÓCIO E INVESTIMENTO DIRETO ESTRANGEIRO: UMA ANÁLISE DO IMPACTO SOBRE AS EXPORTAÇÕES BRASILEIRAS AgEcon
Coelho, Alexandre Braganca; Fernandes, Elaine Aparecida; Sampaio, Danilo De Oliveira.
O agronegócio vem contribuindo com superávits expressivos na balança comercial nos últimos anos. Esses superávits serviram para contrabalançar déficits em outros setores e foram fundamentais para a obtenção dos grandes superávits da balança comercial a partir de 2002 O Brasil, na década de noventa, assumiu posição de destaque como importante receptor de investimento direto estrangeiro (IDE). O objetivo deste trabalho é avaliar até que ponto a entrada de IDE no agronegócio levou a um aumento da exportação do setor. O método utilizado na investigação foi a análise multivariada discriminante. Esse método é bastante adequado, já que possibilita identificar grupos de atividades que mais exportam e, assim, fornece ferramentas de planejamento às agências...
Tipo: Conference Paper or Presentation Palavras-chave: Investimento direto estrangeiro; Exportação e agronegócio; Foreign direct investment; Exports; Agribusiness; Agribusiness.
Ano: 2008 URL: http://purl.umn.edu/109768
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Competitiveness in the Food Industry: a CGE Modelling Approach to assess Foreign Direct Investment in Transition Countries AgEcon
Banse, Martin; Gay, Stephan Hubertus; McDonald, Scott; M'Barek, Robert; Swinnen, Johan F.M..
For transition countries, the food industry sector is a key industry in terms of output and employment shares. As a competitive sector that receives substantial foreign direct investments (FDI), it plays an important role as an element in the process of integration in the European and world market. The GLOBE Computable General Equilibrium model is applied to analyse scenarios of alternative development pathways of the food industry sector, taking into account the impact of FDI in the European food industry. The scenario analyses of this study identify that with an enhanced attraction of FDI in the food processing industries in the New Member States (NMS) the integration of the agri-food sectors in the NMS into the Single European Market will become even...
Tipo: Conference Paper or Presentation Palavras-chave: Food industry; Foreign direct investment; CGE; Transition countries; Agribusiness; International Relations/Trade.
Ano: 2007 URL: http://purl.umn.edu/8525
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Internationalisierung der Dienstleistungserstellung: Konsequenzen fur den schweizerischen Arbeitsmarkt AgEcon
Henneberger, Fred; Ziegler, Alexandre.
This paper analyses the potential employment effects of foreign direct investment in the Swiss services industry. First, the theoretical analysis considers the consequences on domestic employment resulting from the specific characteristics of services compared with those of industrial goods. It is demonstrated that conventional research in this field systematically ignores important factors which influence domestic employment. We point out that, not only the degree of tradability of services, but also the mobility of consumers and producers, as well as the motives underlying the decisions for foreign investment have a crucial influence on the consequences to be expected for the domestic labour market. Second, an initial attempt was undertaken to...
Tipo: Working or Discussion Paper Palavras-chave: Foreign direct investment; Employment effects; Services; Tourism; International Relations/Trade; Labor and Human Capital; F21; F23; J23; L80; L83.
Ano: 2001 URL: http://purl.umn.edu/26248
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Economic Significance of Specific Export Promotion on Poverty Reduction and Inter- Industry Growth of Ethiopia AgEcon
Chala, Zelalem T.; Norton, George W.; Grant, Jason H..
Micro simulated general equilibrium approach was used to analyze the economic significance of the current export promotion policy of Ethiopia. Simulation results, in general, indicated little achievements of economic growth and poverty reduction under selective export promotion. In this policy approach, only rural households were able to acquire higher income and lower poverty incidence. These achievements however were transmitted to small and big urban households when export promotion was assumed to be implemented across the board of all agricultural activities. Significant economic and inter-industrial growths were attained when the coffee industry was given equal policy treatments like other export agriculture
Tipo: Conference Paper or Presentation Palavras-chave: Selective export promotion policy; Computable general equilibrium; Poverty reduction; Foreign direct investment; Land Economics/Use; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/61739
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U.S. AGRICULTURE AND THE FREE TRADE AREA OF THE AMERICAS AgEcon
The Free Trade Area of the Americas (FTAA), a free trade area under negotiation among the United States and 33 countries in the Western Hemisphere, will progressively liberalize trade and investment in the region. It is scheduled to become effective by the end of 2005. The FTAA will lead to a 6-percent increase in annual U.S. agricultural exports to the Hemisphere and a 3-percent increase in annual U.S. agricultural imports from the Hemisphere. The FTAA will increase annual U.S. agricultural exports and imports worldwide by about $1 billion each. The expansion of U.S. agricultural trade due to the FTAA will result from both the direct effect of trade liberalization and the indirect effect of accelerated economic growth in increasing agricultural demand in...
Tipo: Report Palavras-chave: Free Trade Area of the Americas; Regional integration; Preferential trade arrangements; WTO; Sanitary and phytosanitary; Tariffs; Foreign direct investment; Environment; International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/33995
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