| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3658 |
| DP3658 Incomplete Wage Posting | |
| Javier Suarez; Claudio Michelacci | |
| 发表日期 | 2002-11-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | We develop a simple information-based model of FDI flows in which the abundance of intangible capital in the source countries, which generates expertise in cream-skimming investment projects in the host countries and enhances FDI flows. Corporate transparency in the host countries, on the other hand, diminishes the value of this expertise and thereby reduces the flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980s and 1990s) which is analysed in a gravity equation model provides some support to our theoretical hypotheses. The gains from FDI in the host country in our model are reflected in a more efficient size of stock of domestic capital and its allocation across firms. These gains depend crucially (and inversely) on the degree of competition among FDI investors. |
| 主题 | International Macroeconomics |
| 关键词 | Fdi flows Portfolio-equity flows Corporate transparency Non-traditional gains from trade Competition among fdi investors |
| URL | https://cepr.org/publications/dp3658 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532665 |
| 推荐引用方式 GB/T 7714 | Javier Suarez,Claudio Michelacci. DP3658 Incomplete Wage Posting. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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