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Full-Text Articles in Business
State Based Determinants Of Inward Fdi Flow In The Us Economy, Lucyna Kornecki, E. M. Ekanayake
State Based Determinants Of Inward Fdi Flow In The Us Economy, Lucyna Kornecki, E. M. Ekanayake
Accounting, Economics, Finance, and Information Sciences - Daytona Beach
Inward foreign direct investment (FDI) represents an integral part of the US economy. The flow of international capital has been a key factor expanding economy. The inward US FDI constitutes important factor contributing to output growth in the US economy. This paper investigates factors affecting the inward FDI flow among fifty states of the United States. The analysis uses annual data for the period from 1997 to 2007. The study identifies several state-specific determinants of FDI and investigates the changes in their importance during the study period. Our results show that among the major determinants, the real per capita income, …
Illicit Money Flows As Motives For Fdi, M. Fabricio Perez
Illicit Money Flows As Motives For Fdi, M. Fabricio Perez
Economics Faculty Publications
We examine the role of FDI in facilitating money laundering and illegal capital flight, focusing on transition economies’ FDI outflows because they largely reflect current investment decisions rather than the inertia of past decisions. We estimate a model of FDI outflows in which illicit money flows influence the volume of FDI directed toward countries considered to be centers of money laundering. We show that traditional models of FDI are not able to account for these investment flows and that our results are robust when additional explanatory variables such as host country tax rates, governance, corruption, and cultural differences between the …
Competitiveness In India And China: The Fdi Puzzle, Penelope B. Prime, Vijaya Subrahmanyam, Chen-Miao Lin
Competitiveness In India And China: The Fdi Puzzle, Penelope B. Prime, Vijaya Subrahmanyam, Chen-Miao Lin
International Business Faculty Publications
Given their growth records, large markets, and reformed economic systems, both China and India appear to be equally likely candidates for foreign direct investment (FDI). Yet, China has received substantially more FDI. The literature comparing FDI in these two countries is small, and does not provide conclusive evidence to explain this puzzle. Applying the Porterian framework of the competitiveness of nations to compare China and India, we garner evidence that differences in demand, factor conditions and firm strategy, structure and rivalry are not sufficient to explain the differential in the two countries’ FDI flows. Differences in related and supporting industries, …