Estimating Regional Trade Agreement Effects on FDI in an Interdependent World

Baltagi, Badi H.; Egger, Peter; Pfafermayr, Michael

doi:10.2139/ssrn.1809094

Cited by 73 publications

(107 citation statements)

References 21 publications

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“…Contrary to previous studies on spatial interdependences in FDI flows, such as Coughlin and Segev (2000), Blonigen et al (2007), or Baltagi et al (2007), our approach relies on less stringent assumptions about the potentially underlying spatial process. In line with the results implied by Baltagi et al (2008), we do not find evidence for significant spatial patterns in our empirical models.…”

Section: Introductionsupporting

confidence: 90%

The Role of Risk and Information for International Capital Flows: New Evidence from the SDDS

Hashimoto

Wacker²

2012

IMF Working Papers

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractIn this paper, we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance with the IMF's Special Data Dissemination Standard (SDDS). For FDI, we find statistically significant and robust support for this hypothesis: SDDS subscription increased inflows by an economically relevant magnitude of about 60 percent. We also find evidence of aversion against political and macroeconomic risk as determinants of portfolio and FDI flows and use a non-parametric test for spatial correlation in the residuals of capital flows.

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Section: Introductionsupporting

confidence: 90%

The Role of Risk and Information for International Capital Flows: New Evidence from the SDDS

Hashimoto

Wacker²

2012

IMF Working Papers

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“…In contrast, by using row standardization, one implicitly assumes that spatial interdependence is of equal relevance to all regions. and Baltagi et al (2008) therefore argue against row-normalization unless its implicit assumption is clearly suggested by economic theory. This does not apply to the present case, as districts in Germany evidently vary with respect to remoteness and spatial interlinkage to the rest of the country.…”

Section: A Spatial Regression Modelmentioning

confidence: 99%

Federal state differentials in the efficiency of health production in Germany: an artifact of spatial dependence?

Felder

Tauchmann

2011

Eur J Health Econ

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Abstract: Due to regional competition and patient migration, the efficiency of health care provision at the regional level is subject to spatial dependence. We address this issue by applying a spatial autoregressive model to longitudinal data from Germany at the district ('Kreis') level. The empirical model is specified to explain efficiency scores, which we derive through non-parametric order-m efficiency analysis of regional health production. The focus is on the role of health policy of federal states ('Bundesländer') for district efficiency. Regression results reveal significant spatial spillover effects. Notably, accounting for spatial dependence does not decrease but increases the estimated effect of federal states on district efficiency. It appears that genuinely more efficient states are less affected by positive efficiency spillovers, so that taking into account spatial dependence clarifies the importance of health policy at the state level. Terms of use: Documents in EconStor may

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“…La propuesta de esta nueva literatura se centra en una mezcla horizontal -vertical y una compleja estrategia de integración con las EMNs (Baltagi, 2007). Actualmente, la demanda interna es cubierta por una buena parte de bienes y servicios producidos y ofrecidos por empresas extranjeras, cuyo objetivo de su localización fue cubrir la demanda local.…”

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Política nacional e inversión extranjera directa en México en el entorno internacional / National policy and foreign direct investment in Mexico in the international environment

Gòmez

2016

RICEA

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ResumenLa presente investigación tiene como objetivo medir los efectos de las modificaciones políticas, económicas, sociales y administrativas sobre la IED en México durante 1999 -2013, como resultado de las políticas de atracción de IED del gobierno mexicano y otros factores externos derivados de cambios en la economía mundial. Para ello, se utilizaron modelos econométricos de datos de panel. Los resultados demuestran que los factores de tipo económico inciden positivamente sobre la IED, mientras que los factores políticos, sociales y administrativos no tienen incidencia suficiente. Se concluye que los estados con mejor desempeño económico e infraestructura tienen mayor capacidad de atracción de IED. La actual inestabilidad e inseguridad social aun no muestra efectos, mientras que las modificaciones políticas y los factores administrativos no resultan relevantes para los inversionistas.Palabras clave: inversión, factores económicos, factores políticos. AbstractThe present study aims to measure the effects of political, economic, social and

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Estimating Regional Trade Agreement Effects on FDI in an Interdependent World

Cited by 73 publications

References 21 publications

The Role of Risk and Information for International Capital Flows: New Evidence from the SDDS

The Role of Risk and Information for International Capital Flows: New Evidence from the SDDS

Federal state differentials in the efficiency of health production in Germany: an artifact of spatial dependence?

Política nacional e inversión extranjera directa en México en el entorno internacional / National policy and foreign direct investment in Mexico in the international environment

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