Download or read book Productivity Consequences of Foreign Direct Investment Connectivity written by Soni Jha and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The primary aim of this dissertation was to examine the implications of conceptualizing Foreign Direct Investment (FDI) as a multilateral and multilevel phenomenon. The first research study in the dissertation examines the implication of a multilateral perspective on FDI in our assessment of the relationship between inward FDI and the economic growth and development of the host countries. This study showed that inward FDI positively impacts the economic growth of the host countries in both the short and long term. The second research study focused on conceptualizing FDI as a multilevel phenomenon. The fundamental premise of this chapter was to explicitly acknowledge that even though the implications of FDI can be observed at the aggregate level, such as host countries, as was the case in the first research study, these consequences emerge from the decisions of the individual firms. Furthermore, the findings of this research study demonstrate that different levels of FDI are interconnected but have different implications for the firm's performance. Drawing upon the existing literature, two considered levels were location-based FDI networks and interfirm collocation networks. Empirical analyses showed that location-based networks are characterized by agglomeration and lead to positive production externalities, while competitive interactions characterize interfirm collocation networks and lead to negative production externalities. Consequently, increasing agglomeration is associated with increasing production output, and increasing competitive interaction is associated with decreasing production output of the firms. In the last research study, we considered how different network externalities, as explicated in the previous chapter, impact the firms' strategic decision-making. This study shows that firm membership in the country-of-origin network helps them make better decisions, while membership in interform collocation networks worsens their decision-making abilities.
Download or read book How Does Foreign Direct Investment Affect Economic Growth written by Mr.Eduardo Borensztein and published by International Monetary Fund. This book was released on 1994-09-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. Our results suggest that FDI is an important vehicle for the transfer of technology, contributing relatively more to growth than domestic investment. However, the higher productivity of FDI holds only when the host country has a minimum threshold stock of human capital. In addition, FDI has the effect of increasing total investment in the economy more than one for one, which suggests the predominance of complementarity effects with domestic firms.
Download or read book Foreign Direct Investment and Productivity written by Maria Kabalyk and published by . This book was released on 2010 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last two decades have witnessed a triumph of free market policies in many developing countries and thus an increase in trade and financial openness. While economic theory provides a solid justification of the fact that trade and financial openness for a small economy with perfectly competitive markets improve resource allocation and thus national welfare, empirical evidence shows that financial openness does not necessarily boost the economic growth. Intuition suggests that there should be certain preconditions or thresholds for developing countries to benefit from financial openness. By applying Data Envelopment Analysis, robust OLS regressions and threshold analysis, we examine whether the effect of Foreign Direct Investment (FDI) on country's productivity is dependent upon different levels of financial openness. Our paper uses three measures of financial openness, namely, the value of total shares traded divided by market capitalization, the ratio of liquid liabilities to GDP and market capitalization. The empirical analysis shows that FDI has a positive effect on host country productivity based on a sample of 45 countries covering the period from 1980 through 2006. We also found that relationship between FDI and productivity is not monotonic and there exist threshold levels of financial openness at which productivity gain from FDI can be maximized.
Download or read book OECD Energy Investment Policy Review of Ukraine written by OECD and published by OECD Publishing. This book was released on 2021-12-15 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Review assesses Ukraine’s investment climate vis-à-vis the country’s energy sector reforms and discusses challenges and opportunities in this context. Capitalising on the OECD Policy Framework for Investment and other relevant instruments and guidance, the Review takes a broad approach to investment climate challenges facing Ukraine’s energy sector.
Download or read book Productivity Growth and Technological Diffusion Through Foreign Direct Investment written by Jaejoon Woo and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment (FDI) has dramatically increased worldwide and is the most important form of all private capital flows to developing countries. Yet, it is an important empirical question whether FDI affects total factor productivity (TFP) positively. We investigate the effect of FDI on TFP growth in a large sample of countries in 1970-2000. Our econometric results indicate that FDI has a positive and direct effect on TFP growth. However, we do not find any evidence that the impact of FDI on TFP growth is only conditional on the recipient country's capability to absorb foreign technology. We carefully address the robustness of the empirical results.
Download or read book Trade Foreign Direct Investment and International Technology Transfer written by Kamal Saggi and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: What role does trade play in international technology transfer? Do technologies introduced by multinational firms diffuse to local firms? What kinds of policies have proved successful in encouraging technology absorption from abroad and why? Using these questions as motivation, this article surveys the recent trade literature on international technology transfer, paying particular attention to the role of foreign direct investment. The literature argues that trade necessarily encourages growth only if knowledge spillovers are international in scope. Empirical evidence on the scope of knowledge spillovers (national versus international) is ambiguous. Several recent empirical plant-level studies have questioned earlier studies that argued that foreign direct investment has a positive impact on the productivity of local firms. Yet at the aggregate level, evidence supports the view that foreign direct investment has a positive effect on economic growth in the host country.
Download or read book Challenges to Globalization written by Robert E. Baldwin and published by University of Chicago Press. This book was released on 2007-11-01 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: People passionately disagree about the nature of the globalization process. The failure of both the 1999 and 2003 World Trade Organization's (WTO) ministerial conferences in Seattle and Cancun, respectively, have highlighted the tensions among official, international organizations like the WTO, the International Monetary Fund (IMF), the World Bank, nongovernmental and private sector organizations, and some developing country governments. These tensions are commonly attributed to longstanding disagreements over such issues as labor rights, environmental standards, and tariff-cutting rules. In addition, developing countries are increasingly resentful of the burdens of adjustment placed on them that they argue are not matched by commensurate commitments from developed countries. Challenges to Globalization evaluates the arguments of pro-globalists and anti-globalists regarding issues such as globalization's relationship to democracy, its impact on the environment and on labor markets including the brain drain, sweat shop labor, wage levels, and changes in production processes, and the associated expansion of trade and its effects on prices. Baldwin, Winters, and the contributors to this volume look at multinational firms, foreign investment, and mergers and acquisitions and present surprising findings that often run counter to the claim that multinational firms primarily seek countries with low wage labor. The book closes with papers on financial opening and on the relationship between international economic policies and national economic growth rates.
Download or read book The Impact of Foreign Direct Investment on Efficiency Productivity Growth and Trade written by Evis Sinani and published by . This book was released on 2004 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investments in Central East Europe and Their Impact on Productivity Gap Analysis Using Statistical and Data Mining Approach written by Tomáš Sabol and published by . This book was released on 2005 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Foreign Direct Investment and Productivity written by Rodolphe Desbordes and published by . This book was released on 2019 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper adopts a cross-country, multisector approach to investigate the intra- and inter-industry effects of foreign direct investment (FDI) on the productivity of 15 emerging market economies in 2000 and 2008. Our main finding is that intra-industry FDI has a large positive effect on total and “exported” labor productivity. The effects of FDI on total factor productivity are much more elusive, both in statistical and economic terms. This result suggests that foreign firms raise the performance of their host economies through a direct compositional effect. Foreign firms tend to be larger and more input intensive and have greater access to foreign markets than domestic firms. Their greater prevalence mechanically increases average labor productivity and export performance.
Download or read book The Myth of Foreign Direct Investment on Productivity written by Siyu Dong and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: To examine the effect of Foreign Direct Investment on domestics firms' productivity, The thesis is constructed by two chapters: in the first chapter, the author examines whether firms' productivity is the determinant that attracts the foreign capital. The result shows that FDI's positive effects on TFP may simply reflect the endogeneity that the FDI invests in more productive firms. Firms with a mature export network. Based on the conclusion in the first chapter, the author estimates the pure FDI effects on firms' productivity with a multi- periods DID method. By comparing the originally domestically-invested, then Foreign- or Hong Kong, Macao, Taiwan- invested enterprises with consistently domestically-invested enterprises, the result shows that state- invested firms' productivity benefit more from FDI, particularly, the foreign investment. FDI positive effects for global integration and increases liquidity for private-invested firms.
Download or read book Three Essays on the Impact of Foreign Direct Investment on Productivity written by Jen-Chung Mei and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Policy Framework for Investment written by OECD and published by OECD Publishing. This book was released on 2006-05-11 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on good practices from OECD and non-OECD countries, the Framework proposes a set of questions for governments to consider in ten policy fields as critically important for the quality of a country’s environment for investment.
Download or read book Productivity Convergence written by Edward N. Wolff and published by Cambridge University Press. This book was released on 2013-12-16 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: A vast new literature on the sources of economic growth has now accumulated. This book critically reviews the most significant works in this field and summarizes what is known today about the sources of economic growth. The first part discusses the most important theoretical models that have been used in modern growth theory as well as methodological issues in productivity measurement. The second part examines the long-term record on productivity among Organization for Economic Co-operation and Development (OECD) countries, considers the sources of growth among them with particular attention to the role of education, investigates convergence at the industry level among them, and examines the productivity slowdown of the 1970s. The third part looks at the sources of growth among non-OECD countries. Each chapter emphasizes the factors that appear to be most important in explaining growth performance.
Download or read book Estimating Direct and Indirect Effects of Foreign Direct Investment on Firm Productivity in the Presence of Interactions Between Firms written by Sourafel Girma and published by . This book was released on 2014 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Positive Casual Impact of Foreign Direct Investment on Productivity written by Rodolphe Desbordes and published by . This book was released on 2011 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book What Is Real and What Is Not in the Global FDI Network written by Jannick Damgaard and published by International Monetary Fund. This book was released on 2019-12-11 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom investment and allocating real investment to ultimate investor economies. We find that phantom investment into corporate shells with no substance and no real links to the local economy may account for almost 40 percent of global FDI. Ignoring phantom investment and allocating real investment to ultimate investors increases the explanatory power of standard gravity variables by around 25 percent.
