Showing 1 - 10 of 44
We examine and compare the effects of greenfield FDI and cross-border mergers and acquisitions (M&As) on total factor productivity (TFP) in developed and developing host countries of FDI. Using panel data for up to 123 countries over the period from 2003 to 2011, we find that greenfield FDI has...
Persistent link: https://www.econbiz.de/10010392346
Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...
Persistent link: https://www.econbiz.de/10010265491
Advanced OECD countries are widely held responsible to contain global carbon emissions by providing financial and technical support to developing economies, where emissions are increasing most rapidly. It is open to question, however, whether more generous official development assistance would...
Persistent link: https://www.econbiz.de/10010277983
The prospects for achieving the Millennium Development Goals (MDGs) look bad in various developing countries, notably in Sub-Saharan Africa. To turn the tide, recent reports by the UN Millennium Project and the Commission for Africa issued urgent calls to increase official development aid...
Persistent link: https://www.econbiz.de/10010317732
We assess the role of capital goods imports and inflows of foreign direct investment (FDI) as transmission channels through which major emerging economies (BRICs, i.e., Brazil, Russian Federation, India and China) could catch up with advanced source countries in terms of total factor...
Persistent link: https://www.econbiz.de/10010487891
Night lights could be a valuable proxy of economic activity at the subnational level when GDP data are lacking or of poor quality. Supplementing Henderson et al.'s (2012) analysis at the national level, we assess the stability of the elasticity of GDP with regard to night lights across regions...
Persistent link: https://www.econbiz.de/10010327850
This study examines the effects of greenfield FDI and cross-border mergers and acquisitions (M&As) on government size in host countries of FDI. Using panel data for up to 130 countries for the period from 2003-2011, the study specifically tests the compensation hypothesis, suggesting that by...
Persistent link: https://www.econbiz.de/10011572142
By tracking the changes in different margins of Theil indices during the period 1995-2015, we re-consider the question of whether bilateral and multilateral donors have targeted aid increasingly to particularly needy recipient countries with relatively good governance in order to improve the...
Persistent link: https://www.econbiz.de/10011645081
We contribute to the nascent literature on the heterogeneity of multinational enterprises (MNEs) and the relevance of firm characteristics for analyzing the determinants of outward foreign direct investment (FDI). The focus is on the role of firm-level heterogeneity when MNEs decide on the share...
Persistent link: https://www.econbiz.de/10010263529
This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian externalities and other intra- and inter-regional spillovers...
Persistent link: https://www.econbiz.de/10010265244