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008 020129s2003 dcu o i00 0 eng d
020 1451856849 :|c15.00 USD
024 7 10.5089/9781451856842.001
100 1 Razin, Assaf.
245 14 The Role of Information in Driving FDI Flows|h[electronic
resource] : |bHost-Country Transparency and Source-Country
Specialization /|cAssaf Razin.
260 Washington, D.C. :|bInternational Monetary Fund,|c2003.
300 1 online resource (29 p.)
490 1 IMF Working Papers; Working Paper ;|vNo. 03/148
520 3 We develop a simple information-based model of FDI flows.
On the one hand, the abundance of "intangible" capital in
specialized industries in the source countries, which
presumably generates expertise in screening investment
projects in the host countries, enhances FDI flows. On the
other hand, host-country corporate-transparency diminishes
the value of this expertise, thereby reducing the flow of
FDI. Empirical evidence (from a sample of 9 source
countries and 13 host countries over the 1980s and 1990s),
analyzed in a gravity-equation model, provides support for
the theoretical hypotheses. The model also demonstrates
that the gains for the host country from FDI (over foreign
portfolio investment (FPI)) are reflected in a more
efficient size of the stock of domestic capital and its
allocation across firms. These gains are shown to depend
crucially (and positively) on the degree of competition
among FDI investors.
588 Description based on print version record.
655 7 Direct Investment|2imf
655 7 Domestic Investment|2imf
655 7 FDI|2imf
655 7 Host Countries|2imf
655 7 International Factor Movements and International Business
655 7 Investors|2imf
700 1 Mody, Ashoka.
700 1 Razin, Assaf.
700 1 Sadka, Efraim.
776 08 |iPrint Version:|aRazin, Assaf.|tThe Role of Information
in Driving FDI Flows : Host-Country Transparency and
Source-Country Specialization|dWashington, D.C. :
International Monetary Fund, 2003.|z9781451856842
830 0 IMF Working Papers; Working Paper ;|vNo. 03/148
856 40 |uhttps://ezp.lib.unimelb.edu.au/login?url=http://
9781451856842/07273-9781451856842.xml|zConnect to ebook
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