Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/76489
Autoren: 
Razin, Assaf
Sadka, Efraim
Datum: 
2004
Schriftenreihe/Nr.: 
CESifo Working Paper No. 1161
Zusammenfassung: 
We develop a simple information-based model of FDI flows. On the one hand, the relative abundance of “intangible capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other hand, host-country relative corporate-transparency diminishes the value of this expertise, thereby reducing the flow of FDI. The model also demonstrates that the gains for the host country from foreign direct investment [over foreign portfolio investment (FPI)] are reflected in a more efficient size of the stock of domestic capital and its allocation across firms. These gains are shown to depend crucially (and positively) on the degree of competition among FDI investors.
JEL: 
F10
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
462.68 kB





Publikationen in EconStor sind urheberrechtlich geschützt.