The main purpose of this paper is to study the determinants of bilateral foreign direct investment (hereafter FDI) flows in OECD countries. Special emphasis is placed on the new Central and Eastern European members (Hungary, the Czech Republic and Poland) in order to assess whether they differ from those of the OECD on the whole. Our theoretical framework is based on the OLI paradigm (ownership...

We empirically gauge the relative importance of various push and pull factors for magnitude foreign flows to 51 emerging markets (EMs) across quantiles. propose a quantile regression dynamic panel model with fixed effects reveal several new findings: (a) Global risk aversion regional contagion are generally significant most (b) Foreign short-term retreat less from EMs stronger fundamentals duri...

Under the Convention on Settlement of Investment Disputes, International Centre for Disputes (ICSID), affiliated with 165 member countries, holds exclusive jurisdiction over state-foreign investor disputes. ICSID arbitral tribunals frequently expand their and amplify protection foreign investments through broad interpretation jurisdictional conditions, enlarged application Most-Favored-Nation U...

The Trans-Pacific Partnership Agreement (TPPA) involves twelve Pacific Rim economies of varying sizes and structures. Although often portrayed as a free trade agreement, the TPPA can, at best, be expected to deliver paltry overall growth gains from trade liberalization. The much higher figures touted by TPPA advocates are largely due to dubious ‘non-trade measures’, most of which have been reje...

This paper explains why public domestic debt composition in emerging economies can be risky, namely in foreign currency, with a short maturity or indexed. It analyses empirically the determinants of these risk sources separately, developing a new large dataset compiled from national sources for 33 emerging economies over 1994-2006. The paper finds that economic size, the breadth of the domestic...

The growing awareness fhat different national equity markets often perform very differenfly in any given period has led to increased investor interest in international diversification of investment portfolios. It appears that at least for fhe U.S., however, fhis interest has not been translated intt> much actual foreign portfolio investment. One reason tor this may be the relative novelty of to...

Understanding the determinants of the location of MNE affiliates has become increasingly important for policy makers at the local, regional, national, and supra-national level, as investment promotion schemes are increasingly seen as an important cornerstone of the industrial development of most countries and regions. We examine some of the factors that explain an MNE’s choice for a particular ...

or insolvent. Such crises have recurred throughout the history of capitalism. A collapse in investor confidence, usually after a period of market euphoria, marks such crises—examples include the Dutch tulip mania crisis of 1637–38, the Indian cotton futures market crash of 1866, and the Great Depression of 1929. When foreign lenders are involved, cross-border payments problems arise as well. Th...

CONTEXT The proportion of health maintenance organization (HMO) members enrolled in investor-owned plans has increased sharply, yet little is known about the quality of these plans compared with not-for-profit HMOs. OBJECTIVE To compare quality-of-care measures for investor-owned and not-for-profit HMOs. DESIGN, SETTING, AND PARTICIPANTS Analysis of the Health Plan Employer Data and Informa...