Foreign Direct Investment and the Domestic Capital Stock

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Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Foreign Direct Investment and the Domestic Capital Stock by : Mihir A. Desai

Download or read book Foreign Direct Investment and the Domestic Capital Stock written by Mihir A. Desai and published by . This book was released on 2005 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story, however: years in which American multinational firms have greater foreign capital expenditures coincide with greater domestic capital spending by the same firms. One dollar of additional foreign capital spending is associated with 3.5 dollars of additional domestic capital spending in the time series, implying that foreign and domestic capital are complements in production by multinational firms. This effect is consistent with cross sectional evidence that firms whose foreign operations expand simultaneously expand their domestic operations, and suggests that interpretation of the OECD cross sectional evidence may be confounded by omitted variables"--National Bureau of Economic Research web site.

The Effects of Outbound Foreign Direct Investment on the Domestic Capital Stock

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Effects of Outbound Foreign Direct Investment on the Domestic Capital Stock by : Martin S. Feldstein

Download or read book The Effects of Outbound Foreign Direct Investment on the Domestic Capital Stock written by Martin S. Feldstein and published by . This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the effect of outbound foreign direct investment (FDI) on the domestic capital stock. The first part of the paper shows that only about 20 percent of the value of assets owned by U.S. affiliates abroad is financed by cross-border flows of capital from the United States. An additional 18 per cent represents retained earnings attributable to U.S. investors. The rest is financed locally by foreign debt and equity. The second part of the paper analyzes data for the major industrial countries of the OECD and finds that each dollar of cross- border flow of foreign direct investment reduces domestic investment by approximately one dollar. This dollar for dollar displacement of domestic investment by outbound FDI is consistent with the Feldstein-Horioka picture of segmented capital markets. It suggests that while portfolio funds are largely segmented into national capital markets, direct investment can achieve cross-border capital flows. A dollar outflow of direct investment reduces domestic investment by a dollar and this is not offset by a change in international portfolio investment. This ability of foreign direct investment to circumvent the segmented national capital markets also appears in the expanded use of foreign debt and equity capital to finance the capital accumulation of foreign affiliates of U.S. firms. Taken together, these estimates suggest that each dollar of foreign assets acquired by U.S. foreign affiliates reduces the U.S. domestic capital stock by between 20 cents and 38 cents.

The Effects of Taxation on Multinational Corporations

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Publisher : University of Chicago Press
ISBN 13 : 0226241874
Total Pages : 338 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis The Effects of Taxation on Multinational Corporations by : Martin Feldstein

Download or read book The Effects of Taxation on Multinational Corporations written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tax rules of the United States and other countries have intended and unintended effects on the operations of multinational corporations, influencing everything from the formation and allocation of capital to competitive strategies. The growing importance of international business has led economists to reconsider whether current systems of taxing international income are viable in a world of significant capital market integration and global commercial competition. In an attempt to quantify the effect of tax policy on international investment choices, this volume presents in-depth analyses of the interaction of international tax rules and the investment decisions of multinational enterprises. Ten papers assess the role played by multinational firms and their investment in the U.S. economy and the design of international tax rules for multinational investment; analyze channels through which international tax rules affect the costs of international business activities; and examine ways in which international tax rules affect financing decisions of multinational firms. As a group, the papers demonstrate that international tax rules have significant effects on firms' investment and other financing decisions.

The Impact of Foreign Direct Investment on Economic Growth

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Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Impact of Foreign Direct Investment on Economic Growth by : Kyuntae Kim

Download or read book The Impact of Foreign Direct Investment on Economic Growth written by Kyuntae Kim and published by . This book was released on 2008 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How Does Foreign Direct Investment Affect Economic Growth

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Publisher : International Monetary Fund
ISBN 13 : 1451853270
Total Pages : 26 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis How Does Foreign Direct Investment Affect Economic Growth by : Mr.Eduardo Borensztein

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.

A Century of Foreign Investment in the Third World

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Publisher : Routledge
ISBN 13 : 1134569211
Total Pages : 267 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis A Century of Foreign Investment in the Third World by : Michael Twomey

Download or read book A Century of Foreign Investment in the Third World written by Michael Twomey and published by Routledge. This book was released on 2002-01-04 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: The late twentieth century has witnessed a dramatic upsurge in foreign direct investment in the Third World. Based upon thorough statistical analysis, the book presents exhaustive case-studies of foreign investment policy in 'metropolitan' countries and of the experiences of 'host' countries throughout Africa, Asia and Latin America. With a wide geographical and historical focus, it also makes an important contribution to current debates on dependency theory.

Foreign Direct Investment in the World Economy

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Publisher : International Monetary Fund
ISBN 13 : 1451847904
Total Pages : 36 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Foreign Direct Investment in the World Economy by : Mr.Edward M. Graham

Download or read book Foreign Direct Investment in the World Economy written by Mr.Edward M. Graham and published by International Monetary Fund. This book was released on 1995-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of foreign direct investment (FDI) in international capital flows is examined. Theories of the determinants of FDI are surveyed, and the economic consequences of FDI for both host (recipient) and home (investor) nations are examined in light of empirical studies. Policy issues surrounding possible negotiation of a “multilateral agreement on investment” are discussed.

International Investment, Political Risk, and Growth

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Publisher : Springer Science & Business Media
ISBN 13 : 1461545218
Total Pages : 204 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis International Investment, Political Risk, and Growth by : Philipp Harms

Download or read book International Investment, Political Risk, and Growth written by Philipp Harms and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following substantial policy reforms in many countries, the past decade has been characterized by a remarkable increase of long-term private capital flows to the developing world. However, the bulk of these investments has concentrated on a few economies at the intermediate level of the international income distribution, while the large number of low-income countries has been mostly neglected by international investors. Starting from these observations, International Investment, Political Risk, and Growth analyzes the potential growth effects of liberalizing investment regimes in developing economies and offers an explanation for the apparent bias of private capital flows towards middle-income countries. It demonstrates that the removal of investment barriers may liberate an economy from a vicious circle of poverty, unproductive saving, and low growth, and presents a novel approach to analyzing the role of political risk as a major impediment to greater private capital inflows. Offering a combination of theoretical models and empirical analysis, and discussing both the historical evidence and the recent literature, this book contributes to a better understanding of the determinants and consequences of international investment in developing countries.

Foreign Direct Investment and Domestic Capital Formation [electronic Resource]

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (487 download)

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Book Synopsis Foreign Direct Investment and Domestic Capital Formation [electronic Resource] by : Pauly, Peter

Download or read book Foreign Direct Investment and Domestic Capital Formation [electronic Resource] written by Pauly, Peter and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Foreign Direct Investment

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Publisher : Springer
ISBN 13 : 0230598617
Total Pages : 262 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis Foreign Direct Investment by : M. Blomstrom

Download or read book Foreign Direct Investment written by M. Blomstrom and published by Springer. This book was released on 2000-03-15 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers together thirteen articles that deal with the internationalization strategies of firms, effects of foreign investment on host countries and host country policies vis-a-vis foreign multinationals. It illustrates how the behaviour of multinational firms and their effects on the host country are likely to differ between countries in a systematic manner, depending on the host country's economic policies and market conditions and provides a new approach on how to look at multinational firms.

Foreign Direct Investment for Development

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Publisher : OECD Publishing
ISBN 13 :
Total Pages : 244 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Foreign Direct Investment for Development by : Organisation for Economic Co-operation and Development

Download or read book Foreign Direct Investment for Development written by Organisation for Economic Co-operation and Development and published by OECD Publishing. This book was released on 2002 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment (FDI) is an integral part of an open and effective international economic system and can provide a major catalyst to development. However, the benefits of FDI do not accrue automatically and evenly across countries, sectors and local communities. This publication looks at the impact of FDI on development issues and considers the policies required to maximise its benefits for developing countries. Aspects discussed include: the macroeconomic benefits for host countries; recent FDI trends; its impact on growth; foreign trade linkages; technology transfer; human capital enhancement; market structures and competition; social and environmental consequences; and country experiences in realising the benefits of FDI.

Foreign Direct Investment

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Publisher : Princeton University Press
ISBN 13 : 0691170991
Total Pages : 159 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Foreign Direct Investment by : Assaf Razin

Download or read book Foreign Direct Investment written by Assaf Razin and published by Princeton University Press. This book was released on 2016-06-28 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1990s saw global flows of foreign direct investment increase some sevenfold, spurring economists to explore FDI from a micro- or trade-based perspective. Foreign Direct Investment is one of the first books to analyze the macroeconomics of FDI, treating FDI as a unique form of international capital flow between specific pairs of countries. By examining the determinants of the aggregate flows of FDI at the bilateral, source-host-country level, Assaf Razin and Efraim Sadka present the first systematic global analysis of the singular features of FDI flows. Drawing on a wealth of fresh data, they provide new theoretical models and empirical techniques that illuminate the vital country-pair characteristics that drive these flows. Uniquely, Foreign Direct Investment examines FDI between developed and developing countries, and not just between developed countries. Among many other insights, the book shows that tax competition vis-à-vis FDI need not lead to a "race to the bottom." Foreign Direct Investment is an essential resource for graduate students, academics, and policy professionals.

Foreign Direct Investment in a Macroeconomic Framework

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Foreign Direct Investment in a Macroeconomic Framework by : Maxwell J. Fry

Download or read book Foreign Direct Investment in a Macroeconomic Framework written by Maxwell J. Fry and published by World Bank Publications. This book was released on 1993 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does foreign direct investment affect national saving both directly and indirectly through the rate of economic growth? It depends on which countries you're talking about. Pacific Basin countries appear to differ markedly from some other developing countries.

Foreign Direct Investment in the United States

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Publisher : Peterson Institute for International Economics
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Foreign Direct Investment in the United States by : Edward Montgomery Graham

Download or read book Foreign Direct Investment in the United States written by Edward Montgomery Graham and published by Peterson Institute for International Economics. This book was released on 1995 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: The share of the US economy controlled by foreign firms has tripled since the mid-1970s. The authors find that foreign firms appear to invest in the United States mainly to exploit their individual advantages in management and technology - the same reasons why American firms invest abroad - rather than because the United States is now running large deficits and has become a large debtor nation. Foreign-owned firms do not pay lower wages or shift good jobs and research and development away from the United States. Foreign-owned firms and especially Japanese firms do, however, have a marked tendency to import more of their production inputs. The authors warn that the President's new legislative authority to screen FDI on national security grounds could easily be abused, but endorse using this authority to ensure access to critical technologies or production processes including a requirement on some foreign firms to invest in the United States. They propose new international rules to minimize governmental interference and harmonize policies toward multinational firms.

Foreign Direct Investment Statistics How Countries Measure FDI

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Publisher : OECD Publishing
ISBN 13 : 1589062205
Total Pages : 169 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Foreign Direct Investment Statistics How Countries Measure FDI by : OECD

Download or read book Foreign Direct Investment Statistics How Countries Measure FDI written by OECD and published by OECD Publishing. This book was released on 2004-01-27 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Direct Investment Statistics: How Countries Measure FDI shows progress in recent years in moving toward compilation in accordance with international standards that have been established by the International Monetary Fund (IMF) and the ...

Foreign Direct Investment

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Publisher :
ISBN 13 :
Total Pages : 218 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Foreign Direct Investment by : Harrison G. Blaine

Download or read book Foreign Direct Investment written by Harrison G. Blaine and published by . This book was released on 2009 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign direct investment (FDI) is defined as "investment made to acquire lasting interest in enterprises operating outside of the economy of the investor." The FDI relationship consists of a parent enterprise and a foreign affiliate which together form a Multinational corporation (MNC). In order to qualify as FDI the investment must afford the parent enterprise control over its foreign affiliate. The UN defines control in this case as owning 10% or more of the ordinary shares or voting power of an incorporated firm or its equivalent for an unincorporated firm; lower ownership shares are known as portfolio investment. Foreign direct investment (FDI) plays an extraordinary and growing role in global business. It can provide a firm with new markets and marketing channels, cheaper production facilities, access to new technology, products, skills and financing. For a host country or the foreign firm which receives the investment, it can provide a source of new technologies, capital, processes, products, organisational technologies and management skills, and as such can provide a strong impetus to economic development. Foreign direct investment, in its classic definition, is defined as a company from one country making a physical investment into building a factory in another country. This book presents the latest thinking in the field.

Foreign Direct Investment and the Chinese Economy

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Publisher : Edward Elgar Publishing
ISBN 13 : 1785369733
Total Pages : 201 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis Foreign Direct Investment and the Chinese Economy by : Chunlai Chen

Download or read book Foreign Direct Investment and the Chinese Economy written by Chunlai Chen and published by Edward Elgar Publishing. This book was released on 2017-10-27 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Direct Investment and the Chinese Economy provides a comprehensive overview of the impact of foreign direct investment, with extensive empirical evidence, on the Chinese economy over the last three and a half decades.