| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7544 |
| DP7544 A Banking Explanation of the US Velocity of Money: 1919-2004 | |
| Michal Kejak; Max Gillman; Szilárd Benk | |
| 发表日期 | 2009-11-08 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | This paper investigates whether the higher prevalence of South multinational enterprises (MNEs) in risky developing countries may be explained by the experience that they have acquired of poor institutional quality at home. We confirm the intuitions provided by our analytical model by empirically showing that the positive impact of good public governance on foreign direct investment (FDI) in a given host country is moderated significantly, and even in some cases eliminated or reversed, when MNEs have had prior experience of poor institutional quality at home. In contrast, MNEs with little experience are deterred much more by bad public governance conditions than could have been inferred from an unconditional estimation of the effects of public governance on FDI. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Institutions Public governance South-south fdi |
| URL | https://cepr.org/publications/dp7544 |
| 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/536379 |
| 推荐引用方式 GB/T 7714 | Michal Kejak,Max Gillman,Szilárd Benk. DP7544 A Banking Explanation of the US Velocity of Money: 1919-2004. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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