Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
Fire-Sale Fdi? The Impact Of Financial Crises On Foreign Direct Investment, Olga B. Stoddard, Ilan Noy
Fire-Sale Fdi? The Impact Of Financial Crises On Foreign Direct Investment, Olga B. Stoddard, Ilan Noy
Faculty Publications
We analyze the evolution of foreign direct investment (FDI) inflows to developing and emerging countries around financial crises. We empirically examine the Fire-Sale FDI hypothesis and describe the pattern of FDI inflows surrounding financial crises. We also add a more granular detail about the types of financial crises and their potentially differential effects on FDI. We distinguish between mergers and acquisitions(M&A) and greenfield investment, as well as between horizontal (tariff jumping) and vertical (integrating production stages) FDI. We find that financial crises have a strong negative effect on inward FDI in our sample. Crises are also shown to reduce the …
Provincial Development In China: Lessons From Eu Regional Policy Experience, Phillip J. Bryson, Keren Sun
Provincial Development In China: Lessons From Eu Regional Policy Experience, Phillip J. Bryson, Keren Sun
Faculty Publications
Regional development in the Chinese provinces and in the regions of the EU countries are evaluated and compared. Development efforts in southern Italy, northeast England and eastern Germany are reviewed along with EU, Community-wide regional development programs. Equity concerns suggest promotion of regional policy, but the pursuit of maximum national economic growth would avoid it, since it sacrifices some economic growth. The impact of FDI and domestic investments on individual Chinese provinces is compared with their impact in Europe. There is an implicit contrast between public sector regional development programs and more effective private foreign direct investments.