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Foreign Direct Investment and Full Factor Productivity in China
Foreign direct investment Total factor productivity Spatial econometrics
2014/3/12
This paper develops a spatial dynamic model to assess the total-factor-productivity (TFP) effects of externalities generated by foreign direct investment (FDI). The model is capable of disentangling T...
FIRE-SALE FOREIGN DIRECT INVESTMENT AND LIQUIDITY CRISES
FIRE-SALE FOREIGN DIRECTINVESTMENT LIQUIDITY CRISES
2014/3/12
In placing capital market imperfections at the center of emerging market crises, the theoretical literature has associated a liquidity crisis with low foreign investment and the exit of investors from...