The composition of international capital flows: risk sharing through foreign direct investment

2003 ◽  
Vol 61 (2) ◽  
pp. 353-383 ◽  
Author(s):  
Rui Albuquerque
2015 ◽  
Vol 21 (03) ◽  
pp. 22-28
Author(s):  
Vasyl Namoniuk Vasyl Namoniuk ◽  
Nataliya Shavrina Nataliya Shavrina

The paper deals with the features of German transnational corporations’ investment activity within the last decade. The period of active foreign direct investing during 2004–2007 and the period of FDI decline due to the global economic and financial crisis are distinguished. The sectoral and regional structures of German TNCs’ investments are analyzed as well. The special accent is made on the issue of investment attractiveness of Central and Eastern Europe, especially Ukraine, for the German TNCs. It was revealed that stability and predictability of the situation in the country and main features of its market are more important for German corporations when choosing the host country, than regulatory restrictions on foreign direct investment. This is a very important issue for the FDI attraction into Ukrainian economy. Keywords: TNCs, FDI, international capital flows, regulatory restrictions, Central and Eastern Europe, Ukraine.


2020 ◽  
pp. 1258-1277
Author(s):  
Tomasz Dorożyński ◽  
Agnieszka Kłysik-Uryszek ◽  
Anetta Kuna-Marszałek

Recent two decades witnessed unprecedented changes in the economies of Central and Eastern Europe. Accelerated economic growth following systemic transformations, globalisation and liberalisation and EU integration visibly intensified international capital flows, including foreign direct investment (FDI). Intense internationalisation of an economy is usually perceived as a positive process, which – in general – gives an opportunity to accelerate growth and strengthen competitiveness. Therefore the authorities of an economy try to support FDI flows by implementing different incentives. The main goal of the chapter is to show the scale and scope of outward foreign direct investments (OFDI) of Polish companies in the light of economic transformation experience and authorities support. The chapter is organized as follows: first it presents Poland's path from centrally planned state to developed, competitive economy. Secondly, the focus is laid on support offered to companies undertaking OFDI ventures and finally on the scale and scope of Poland's outward investments.


Author(s):  
Tomasz Dorożyński ◽  
Agnieszka Kłysik-Uryszek ◽  
Anetta Kuna-Marszałek

Recent two decades witnessed unprecedented changes in the economies of Central and Eastern Europe. Accelerated economic growth following systemic transformations, globalisation and liberalisation and EU integration visibly intensified international capital flows, including foreign direct investment (FDI). Intense internationalisation of an economy is usually perceived as a positive process, which – in general – gives an opportunity to accelerate growth and strengthen competitiveness. Therefore the authorities of an economy try to support FDI flows by implementing different incentives. The main goal of the chapter is to show the scale and scope of outward foreign direct investments (OFDI) of Polish companies in the light of economic transformation experience and authorities support. The chapter is organized as follows: first it presents Poland's path from centrally planned state to developed, competitive economy. Secondly, the focus is laid on support offered to companies undertaking OFDI ventures and finally on the scale and scope of Poland's outward investments.


Author(s):  
S. M. Rebrey

Japan, the largest net exporter of investment plays one of key roles in the in-ternational capital flows and has a serious impact on the global trends in this important dimension of international economic relations. Vast amounts of for-eign direct investment (FDI) outflow are important for the Japanese national economy as well, since Japanese overseas production in some areas reaches 40% and is an important part of its industrial potential. However, FDI inflow remains low, indicating an unbalanced participation of Japan in the international capital flows. Japan in international capital flows presents a field for complex numerous research. This article concentrates on analysis of dynamics and geographical structure of capital flows, reveal the trends, and estimate the effect of Abenomics.


2018 ◽  
Vol 108 (11) ◽  
pp. 3416-3449 ◽  
Author(s):  
Ric Colacito ◽  
Max Croce ◽  
Steven Ho ◽  
Philip Howard

We study the response of international investment flows to shortand long-run growth news. Among developed G7 countries, positive long-run news for domestic productivity induces a net outflow of investments, in contrast to the effects of short-run growth shocks. We document that a standard Backus, Keho, and Kydland (1994) (BKK) model fails to reproduce this novel empirical evidence. We augment this model with Epstein and Zin (1989) preferences (EZ-BKK) and characterize the resulting recursive risk-sharing scheme. The response of international capital flows in the EZ-BKK model is consistent with the data. (JEL F14, F32, F43, G12)


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