On the Welfare Effects of Competition for Foreign Direct Investments PDF Download
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Author: Chiara Fumagalli
Publisher:
ISBN:
Category : Business enterprises, Foreign
Languages : en
Pages : 48
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Author: Chiara Fumagalli
Publisher:
ISBN:
Category : Business enterprises, Foreign
Languages : en
Pages : 48
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Book Description
Author: Kuo-Feng Kao
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This paper analyzes a multinational firm's foreign direct investment decision, through either greenfield investment or cross-border merger and acquisition, into a host country with an input monopoly that adopts either uniform pricing or discriminatory pricing. The optimal foreign entry mode could differ under each pricing policy. Under Cournot competition, firms' technological gap and the initial local market structure are critical to the choice of foreign entry mode, whereas product substitutability is important under Bertrand competition. In the presence of foreign entry, this paper also examines the welfare effects of input price discrimination for the host country.
Author: Jie Ma
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This paper studies the impact of special interest lobbying on competition between two countries for a multinational in a common agency framework. We examine the following questions. On the positive side, is special interest lobbying a determinant of competition for FDI? If so, how does this work and how does it affect the equilibrium subsidy for attracting FDI? On the normative side, what are the welfare effects of FDI competition when special interest lobbying is present? Is allocative efficiency always achieved? We argue that special interest lobbying provides an extra political incentive for a government to attract FDI. We show that compared to the benchmark case where governments maximize national welfare, now (1) an economically disadvantageous country has a chance to win the competition; (2) the equilibrium subsidy for attracting FDI is higher than in the benchmark case; (3) allocative efficiency cannot be always achieved.
Author: Hirofumi Shibata
Publisher: Springer Science & Business Media
ISBN: 4431679391
Category : Business & Economics
Languages : en
Pages : 333
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Book Description
This book presents fifteen papers selected from the papers read at the 53rd Congress of the International Institute of Public Finance held at Kyoto, Japan, in August 1997. Although organized under the general title of Public Finance and Public Investment, the Congress covered a wide range of topics in Public Finance. One of the highlights of the Congress was a historic and brilliant debate between two of the greatest living authorities in the area of public finance, Professors James M. Buchanan and Richard A. Musgrave, on the nature of the welfare state and its future. Part I of this book is concerned with this debate and its empirical counterpart. James M. Buchanan (Chapter 1) warns that the welfare state will be unsustainable unless it preserves generality or at least quasi generality in welfare programs. The introduction of overt discrimination in welfare programs through means testing and targeting can only diminish public support. He argues that a political version of the "tragedy of commons" will emerge if and when identifiable interest groups recognize the prospects of particularized gains as promised by discriminatory tax or transfer payments. Faced with mounting pressure from entitlement-like claims of special interest groups against public revenues on one hand and equally strong pressure against further tax burdens on the other, political leaders are attracted to solutions that single out the most vulnerable targets. Distributional disagreement among classes will then become a major source of political discourse and an impetus for class conflict.
Author: John P. Weche
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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This study evaluates the pro-competitive effect of foreign market penetration with a broad firm-level database that covers manufacturing industries in six European countries. The main contribution is the demonstration of the heterogeneous effects on host country competition of the two main channels of foreign market penetration that have been assigned fundamental differences by economic theory: imports and foreign direct investment. The results of dynamic estimates of firm-level markups reveal a pro-competitive effect of imports, while foreign direct investment shows no clear overall impact, suggesting a cancelling out of competitive pressure and spillovers. These findings matter for both future empirical research and policy considerations that must weigh the positive and negative effects of foreign market integration on the competitive environment and consumer welfare.
Author: Steven Brakman
Publisher: MIT Press
ISBN: 0262026457
Category : International business enterprises
Languages : en
Pages : 301
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Book Description
The multinational firm and its main vehicle, foreign direct investment, are key forces in economic globalization. Their importance to the world economy can be seen in the fact that since 1990 foreign direct investment has grown more rapidly than the world GDP and world trade. Despite this, the causes and consequences of multinational firm activity are little understood and until recently relatively unexamined in the theoretical literature. This CESifo volume fills this gap, examining the multinational enterprise (MNE) and foreign direct investment (FDI) from both theoretical and empirical perspectives. In the theoretical chapters, leading scholars take a wide range of modern analytical approaches--from new growth and trade theories to new economic geography, industrial organization, and game theory. Taking current theoretical work on MNE and FDI as a starting point and aiming to extend the existing theoretical framework, the contributors consider such topics as investment liberalization and firm location, tax competition, and welfare consequences of FDI and outsourcing. The empirical chapters test several of the key hypotheses of recent theoretical work on MNE and FDI, examining topics that include productivity effects on Italian MNEs, the different effects of outsourcing in Austria and Poland, location decisions of MNEs in the European Union, and other topics. ContributorsOscar Amerighi, Bruce A. Blonigen, Steven Brakman, Davide Castellani, Ronald B. Davies, Alan V. Deardorff, Fabrice Defever, Harry Garretsen, Anders N. Hoffman, Andzelika Lorentowicz, James R. Markusen, Charles van Marrewijk, Dalia Marin, James R. Marukusen, Alireza Naghavi, Helen T. Naughton, Giorgio Barba Navaretti, J. Peter Neary, Gianmarco Ottaviano, Alexander Raubold, Glen R. WaddellSteven Brakman is Professor of Globalization in the Faculty of Economics at the University of Groningen. Harry Garretsen is Professor of International Economics at the Utrecht School of Economics, Utrecht University.
Author: A. E. Safarian
Publisher: IRPP
ISBN: 9780886450182
Category : Business & Economics
Languages : en
Pages : 104
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Book Description
From the back cover: Foreign direct investment and multinational enterprises play a major but controversial role in Canada. Why do we see multinational enterprises use the subsidiary to transfer their techniques and products rather than national enterprises selling their products to foreigners through markets? What impacts do multinational enterprises have on the economic growth, balance of payments, industrial performance, and national independence of the home country? Professor Safarian addresses these questions, and others, as he surveys the research of Canadian economists in this field. Although economists have recently produced more and better analysis of foreign direct investment, the author maintains that additional research is required. The complex macro- and micro-economic impacts require more precise theoretical and empirical study....Sarafin concludes that economists and other social scientists must close the gaps in understanding foreign direct investment.
Author: Sebastian Rausch
Publisher: GRIN Verlag
ISBN: 3638347575
Category : Business & Economics
Languages : en
Pages : 104
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Diploma Thesis from the year 2005 in the subject Economics - International Economic Relations, grade: 1,0, University of Bonn, language: English, abstract: This work analyzes under what conditions Foreign Direct Investment (FDI) flows to developing countries occur and what host country characteristics determine the extent of benefits associated with FDI. Using a numerical two-country general equilibrium model in which (vertical) FDI arise endogenously I compare welfare situations for the developing country before and after FDI liberalization. I specifically focus on the welfare potential of technological externalities arising from the activity of MNEs. These spillover effects stemming from the transfer of foreign technology and skills to local industries are shown to be welfare-improving if the host country, in particular local firms, possess the ability to absorb benefits from FDI.
Author:
Publisher: World Bank Publications
ISBN: 6100112140
Category :
Languages : en
Pages : 47
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Author: Andria Suzanne Gulrajani
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 218
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