Random Coefficient Panel Data Models This paper provides a review of linear panel data models with slope heterogeneity, introduces various types of random coefficients models and suggest a common framework for dealing with them. It considers the fundamental issues of statistical inference of a random coefficients formulation using both the sampling and Bayesian approaches. The paper also provid...

What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009 The compensation of executive board members in Germany has become a highly controversial topic since Vodafone’s hostile takeover of Mannesmann in 2000 and it is again in the spotlight since the outbreak of the financial crisis of 2009. Based on unique panel data evidence of the 500 largest firms in Germany in the ...

The purpose of this study is to assess the thresholds at which military expenditure modulates the effect of terrorism on capital flight. We employed a panel data of 37 African countries from 1996-2010.The empirical evidence was based on: (i) baseline contemporary and noncontemporary OLS, (ii) contemporary and non-contemporary fixed effects regressions to account for the unobserved heterogeneity...

We explain why China is a “chaotic” or “strange” attractor of FDI. It is an “attractor” because its FDI inflows increased steadily even though the world FDI inflows have decreased considerably in recent years. It is indeed “strange,” since its rates of FDI return are below the world average and predictions of its economic collapse are abundant. We find that Hong Kong and Taiwan are predominant ...

Article history: Received 12 October 2012 Received in revised form 24 April 2013 Accepted 20 August 2013 Available online xxxx Industrial competitiveness (IC) is a country's ability to produce and export manufactured goods competitively. Howdoes foreign direct investment (FDI) affect IC in China? The significance of the topic, besides the intrinsic importance of IC, is heightened by outstanding...

Corruption, Networking and Foreign Ownership: Recent Evidence from CEE Countries The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher host corruption will be associated with higher foreign ownership. However, cos...

Financial sector is one of the most influential sectors in economic activities. Empirical and theoretical studies conducted in recent years have also confirmed the significant role of financial institutions in economic growth. Additionally, trade and financial liberalization policies have been particular concerned with strategic policies in developed and developing countries. According to dynam...

The PaPer examines the shifts in attitudes to foreign investment; charts the dimensions and composition of capital flows to develeping countries; outlines existing barriers and the effects of taxation on these flows, and critically examines the demand for their regulation in the light of the Asian crisis. JEL classification: F3, F21, F23 Address: Dept. of Economics, UCLA, 405 Hilgard Avenue, Lo...

We investigate the hypothesis that workers in foreign-owned establishments face greater job insecurity. Using linked employer employee data from Germany, we examine whether foreign-owned establishments are more likely to exit production, and whether workers in foreign-owned establishments face higher separation rates, net of establishment exit. We find that, after controlling for the different ...

FDI Impact on Firm Performance in Enlarged Europe: Evidence from a Meta-Regression Analysis This paper combines, explains and summarizes recent findings from the empirical literature focusing on the FDI’s effect on firms’ performances by collecting all the relevant firm level quantitative studies to run a regression of regressions focused on Enlarged Europe. The results show that there exists a...