The international business literature presents an interesting intellectual puzzle regarding the effect of political instability and political risk on foreign direct investment (FDI). Survey evidence shows that multinational executives take into account political instability in making investment decisions, while econometric studies produce conflicting findings. In this paper, I offer a new theor...

How do foreign trade and foreign direct investment affect regional inequality? Foreign trade and investment may affect internal economic geography, and the resulting industry agglomeration may contribute to regional inequality. This paper provides empirical evidence supporting this linkage. The results indicate that the increasing regional inequality in China has been accompanied by an increase...

This study investigates the impact of investment on the economic growth of Pakistan. The data used in this study were collected from the period of 1981 to 2010. Multiple regression technique is used to analyze the relationship between dependent variable (gross domestic production) and independent variables (public investment, private investment and foreign direct investment). It is concluded al...

On the basis of Dunning’s Investment Development Path (IDP) hypothesis, this paper tests the macroeconomic determinants of Chinese Offshore Direct Investment (ODI) from a home-country perspective. We review the recent firmand country-level studies on determinants of Chinese ODI. We propose a model and test seven home-country macroeconomic variables as determinants of Chinese ODI. Our results re...

a r t i c l e i n f o Keywords: Managerial cognition International experience Foreign direct investment Top management team Asian emerging economy Event history analysis Focusing on the cognitive process of managerial decision making, we argue that both organizational and personal international experiences contribute to managerial knowledge structure which in turn influences firms' foreign dire...

Using a three-sector general equilibrium model with non-traded goods, we investigate the impact of foreign direct investment on the real wages of skilled and unskilled workers. We show that foreign direct investment increases the real wages of skilled and unskilled workers, but widens the gap between the two under plausible conditions. JEL: F10, F11, F21

No 25 Foreign direct investment in the financial sector-experiences in Asia, central and eastern Europe and Latin America Summary of follow-up workshops to the CGFS report, " Foreign direct investment in the financial sector of emerging economies " June 2005 Copies of publications are available from:

This paper develops a quantitative small-open-economy model to study the determinants of optimal pace foreign reserve accumulation by developing countries. In model, depreciates real exchange rate and attracts direct investment (FDI) inflows, which promotes productivity growth through endogenous firm dynamics. The economy is also subject sudden stops in form an occasionally binding constraint o...