Research Catalog

Title

Foreign direct investment : analysis of aggregate flows / Assaf Razin and Efraim Sadka.

Author

Razin, Assaf.

Publication

Princeton, N.J. : Princeton University Press, [2007], ©2007.

Supplementary Content

• Contributor biographical information
• Publisher description

Items in the Library & Off-site

Holdings

Details

Additional Authors

Sadka, Efraim.

Description

xii, 144 pages : illustrations; 24 cm

Summary

"The 1990s saw global flows of foreign direct investment increase some sevenfold, spurring economists to explore FDI from a micro- or trade-based perspective. Foreign Direct Investment is one of the first books to analyze the macroeconomics of FDI, treating FDI as a unique form of international capital flow between specific parts of countries." "By examining the determinants of the aggregate flows of FDI at the bilateral, source-host-country level. Assaf Razin and Efraim Sadka present in the first systematic global analysis of the singular features of FDI flows. Drawing on a wealth of fresh data, they provide new theoretical models and empirical techniques that illuminate the vital country-pair characteristics that drive these flows. Uniquely, Foreign Direct Investment examines FDI between developed and developing countries, and not just between developed countries. Among many other insights, the book shows that tax competition vis-a-vis FDI need not lead to a "race to the bottom". Foreign Direct Investment is an essential resource for graduate students, academics, and policy professionals."--BOOK JACKET.

Subject

• Investments, Foreign
• Investments, Foreign > Mathematical models
• Capital investments
• Capital movements

Bibliography (note)

• Includes bibliographical references (p. [135]-140) and index.

Contents

1. Overview -- 2. Foreign Direct Investment mid Foreign Portfolio Investment: Theory -- 3. Foreign Direct Investment and Foreign Portfolio Investment: Evidence -- 4. Foreign versus Domestic Direct Investment: Cream-Skimming -- 5. FDI Flows with Endogenous Domestic Wages: Heterogeneous Firms -- 6. Country-Specific Aggregate Shocks: Representative Firm -- 7. Overview of the Econometric Equations -- 8. Application to a Baseline Sample: OLS, Tobit, and the Heckman Selection Models -- 9. Productivity Shocks -- 10. Source and Host Corporate Tax Rates -- 11. Tax Competition and Coordination.

ISBN

• 9780691127064 (alk. paper)
• 0691127069 (alk. paper)

LCCN

2006049714

OCLC

• ocm76967144
• SCSB-5932284

Owning Institutions

Columbia University Libraries