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Full-Text Articles in Social and Behavioral Sciences
Fdi Spillovers In Tanzania`S Manufacturing Sector, Johansein Rutaihwa
Fdi Spillovers In Tanzania`S Manufacturing Sector, Johansein Rutaihwa
Johansein Rutaihwa
Using cross sectional data, this study analyses the spillover effects of foreign direct investment in Tanzania’s manufacturing sector. The findings reject a proposition that FDI intensity has improved domestic manufacturing firms productivity; no vertical technological spillovers occurred and a negative correlation between vertical spillover and FDI presence was found. Instead there is a positive correlation between FDI and horizontal technology spillover. The study, therefore, recommends that the government should make concerted efforts to ensure that FDI promotion addresses technology spillovers both within the industry and across the sector; as well as strengthening and widening the education system to enable it …
Examining The Institutional Framework For Investment In Tanzania: A Perspective From The Executive Opinion Survey, 2012-13, Johansein L. Rutaihwa
Examining The Institutional Framework For Investment In Tanzania: A Perspective From The Executive Opinion Survey, 2012-13, Johansein L. Rutaihwa
Johansein Rutaihwa
This policy brief looks at the country-level findings from the 2012/13 Global Competiveness Report prepared for the World Economic Forum; highlights the current institutional set up in relation to investment; and identifies institutional and policy reforms that could stimulate growth and make Tanzania more competitive on the global market.
Business Cycle Determinants Of Us Foreign Direct Investments, Lilia Cavallari, Stefano D'Addona
Business Cycle Determinants Of Us Foreign Direct Investments, Lilia Cavallari, Stefano D'Addona
Lilia Cavallari
This article investigates the role of output fluctuations and exchange rate volatility in driving US FDIs. Using a sample of 46 economies over the period 1982 to 2009, we provide the evidence of a positive relation between US FDI and host country’s cyclical conditions. Allowing for asymmetry over the business cycle, we find that the output elasticity of foreign investments is higher in booms than in recessions. An increase in exchange rate volatility, on the other hand, has a strong deterrent effect on US foreign investments. This effect is fairly stable over the business cycle.
Output And Interest Rate Volatility As Determinants Of Fdi, Lilia Cavallari, Stefano D'Addona
Output And Interest Rate Volatility As Determinants Of Fdi, Lilia Cavallari, Stefano D'Addona
Lilia Cavallari
This paper examines the role of country-specific sources of output and interest rate volatility in driving FDI activities. Building on a dataset that comprises bilateral FDI flows among 24 OECD economies over the period 1985-2007, we find that output and interest rate volatility mainly act as push factors, i.e. they are more effective in deterring rather than encouraging foreign investments. A rise in host country volatilities does reduce the amount of FDI outflows in the recipient country, even after controlling for the state of the cycle. Source country volatilities, on the contrary, do not have a systematic effect on foreign …
The Gravity Of R&D Fdis, Antonello Zanfei, Davide Castellani, Alfredo Jimenez Palmero
The Gravity Of R&D Fdis, Antonello Zanfei, Davide Castellani, Alfredo Jimenez Palmero
Antonello Zanfei
The gravity model predicts that international trade and FDI should fade with geographic distance. The negative effect of distance is justified by the existence of transport costs which hamper the international exchange of final and intermediate goods, and by higher uncertainty about local markets. We submit that distance plays a remarkably different role in the case of R&D FDIs since they mainly involve the international transfer, absorption and use of knowledge. Using data on bilateral investment projects in R&D, manufacturing and other business activities between 58 countries, we find that geographic distance does not hinder R&D FDIs as much as …
Is The Impact Really That High? The Effect Of Fdi In Transition, Jan Hagemejer, Joanna Tyrowicz
Is The Impact Really That High? The Effect Of Fdi In Transition, Jan Hagemejer, Joanna Tyrowicz
Joanna Tyrowicz
Literature is not clear on the effect of FDI on the economic performance in hosting countries. The analysed eects include productivity, propensity to export, access to financial markets, etc. Although foreign subsidiaries usually perform better than the average of the hosting economies, sometimes the selection eect is found to be considerable. The analysed eects In this paper we use a unique dataset based on accounting annual reports to the statistical authorities by all medium and large Polish enterprises over a period 1997-2006. We apply a propensity score matching technique to disentangle the effect of self-selection and FDI entry (treatment). We …
Exports And Foreign Direct Investments In An Endogenous-Entry Model, Lilia Cavallari
Exports And Foreign Direct Investments In An Endogenous-Entry Model, Lilia Cavallari
Lilia Cavallari
Drawing on a tractable DSGE model with nominal rigidity, this paper studies the implications of firms’ entry in domestic and foreign markets for the international business cycle. The paper shows that the decision to enter a new market as well as the choice whether to invest at home or abroad depend on global monetary and productivity conditions. I find that a domestic monetary expansion might favor or deter start-up investments, depending on whether the potential entrant is a national or a multinational firm. Moreover, a structural policy change, as an increase in the degree of monetary stabilization, has a positive …
Are Asean Countries Havens For Japanese Pollution Intensive Industry?, Robert J.R Elliott, Kenichi Shimamoto
Are Asean Countries Havens For Japanese Pollution Intensive Industry?, Robert J.R Elliott, Kenichi Shimamoto
Robert J R Elliott
In an era of closer worldwide economic integration, the role that environmental regulations play in shaping a country’s comparative advantage is greater than ever. This has lead to fears that ‘dirty’ firms will relocate from developed to developing countries where environmental regulations may be less stringent – the so called pollution haven hypothesis. To date however there is little support for the existence of pollution havens despite anecdotal evidence and the theoretical predictions. In this paper we employ a unique industry level data set for Japan and examine whether Japanese industries have relocated production to their ASEAN neighbours in response …
Investigating The Relevance Of Supply-Side Factors For Export-Oriented Investment, Alberto Behar
Investigating The Relevance Of Supply-Side Factors For Export-Oriented Investment, Alberto Behar
Alberto Behar
It is important to test the relevance of supply conditions — relative to demand or neutral conditions — for export-oriented investment (EOI). If supply-side factors are not more pertinent, costly measures in place to attract EOI to South Africa might have unintended consequences. Test results suggest supply-side variables are more important for foreign export-oriented investment and not more important for domestic export-oriented investment, but severe data constraints force the construction of crude EOI proxies for the tests. These constraints expose the need for better EOI information and research.