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Three Essays On Financial Constraints And Foreign Direct Investment, Todd Sarnstrom Ii
Three Essays On Financial Constraints And Foreign Direct Investment, Todd Sarnstrom Ii
Dissertations
This three–essay dissertation makes contributions to the literature on foreign direct investment (FDI) and its relationship with collateral and the exchange rate. FDI refers to an investment made by a firm to establish or acquire a long–lasting interest in another firm operating outside its home country. Often, FDI involves substantial fixed costs that require the investing firm to seek external financing. Collateral has been identified as an important factor in the external financing of FDI. Firms lacking collateral are constrained in their ability obtain external financing. Exchange rates have also been identified as a factor in FDI. Exchange rate movements …
Prospects For A Universal Basic Income In New Zealand, Keith Rankin
Prospects For A Universal Basic Income In New Zealand, Keith Rankin
The Journal of Sociology & Social Welfare
New Zealand is a small liberal capitalist country with a history of egalitarian values and political reform—including the early introduction of universal welfare benefits—and with an uncomplicated relatively flat income tax structure. As such, it has sometimes been seen as a "social laboratory," a theme of writing about New Zealand and of New Zealand social historians. It therefore has all of the elements in place that could make New Zealand a candidate to become a world leader in integrating income tax and social welfare regimes into a form of universal basic income. Nevertheless, through a combination of intellectual inertia, media …