Incentives to create jobs: Regional subsidies, national trade policy and foreign direct investment

A national authority wishes to attract foreign direct investment (FDI) to create local jobs. We analyse the optimal national trade policy when local authorities might offer subsidies to convince a multi-national enterprise (MNE) to invest in their jurisdiction. With centralised decision-making or with allocation of investment to particular localities, the central authority's optimal policy is to use a high tariff to avoid payment of any subsidy to the MNE. Despite this, some socially undesirable (but locally desirable) FDI cannot be avoided. If local authorities compete to offer subsidies to attract local investment, then the central government's optimal policy is to try to discourage FDI by choosing a low tariff. Despite this, some socially undesirable ? and even locally undesirable ? FDI prevails. We conduct our analysis both assuming an upper bound on tariffs, as would be consistent with trade liberalisation, and allowing tariffs to vary freely. The effect of increasing trade liberalisation depends heavily on the system of granting local subsidies: if the system is centralised, trade liberalisation decreases the range of parameters for which FDI occurs; if the system is decentralised and competitive, it increases this range

Is ‘no news’ really ‘good news’? Country visibility and FDI location choice

In choosing where to invest, firms seek out information on a set of possible locations. Information asymmetries may make country visibility particularly important in decisions to locate investment abroad. We develop a country visibility index based on international news stories in The Economist, and show that broad country visibility is at least as important in attracting foreign direct investment (FDI) as other specific investment promotion activities or proxies for information frictions. Controlling for standard gravity model determinants of FDI, we find that greater visibility of developing countries, in particular lower middle- and low-income countries, increases the investment that they receive from US multinational corporations. This is a postprint of the published article.Ye

The Grizzly, October 23, 2008

Professors\u27 Performance to Jazz Up Your Friday Night • Cafe Nia Event Brings Spirit of Poetry to Homecoming • Active Minds to Spread Mental Health Awareness at UC • Safe to Use Internet to Play Doctor? • UC Popularity Growing Steadily • Stand Up: STAND Rallies Ursinus Students for Darfur • Another Night of Artistry in Philadelphia • Omega Chi Blood Drive Takes the UC Campus by Storm, Highest Turnout Yet • Alpha Paintball Company: Fun for the Whole Family • Assassins Players Still on the Lookout • Opinions: GSA Members Call for Respect; Breakaway Presents Ten Minute Play Festival, Take Two • Senior Spotlight: Lisa Clark, Senior Women\u27s Soccer Playerhttps://digitalcommons.ursinus.edu/grizzlynews/1772/thumbnail.jp

The Grizzly, November 6, 2008

Diversity ... What\u27s That? GSA Sponsors Dessert Discussion • Falling Gas Prices Spell Relief for Drivers, Oil Profits Drop • Philly Fans Celebrate World Series Victory at Parade • Gallup: Public Interest and Early Voting • Health Insurers to Pay Therapy Bills for Autistic Children? • TV Responsible for Teen Pregnancy? Rand Corp Says Yes • Holly Gains Attention for the UC Jazz Band • Rise Against: Third Time Around Turns Out to be a Charm • Trick-or-Treat Reaches a New Height at Ursinus • City Council Member Andrea Baptiste Speaks to Students • Opinions: Election Rewind; Escape Velocity: Eternalmotion • Women\u27s Basketball Looking for Another Championship • Men\u27s and Women\u27s Swimming Splash into New Season • In Times of Test, Family is Best: UC Men\u27s Basketballhttps://digitalcommons.ursinus.edu/grizzlynews/1774/thumbnail.jp

First-in-Human Phase I Study of GSK2126458, an Oral Pan-Class I Phosphatidylinositol-3-Kinase Inhibitor, in Patients with Advanced Solid Tumor Malignancies

GSK2126458 (GSK458) is a potent inhibitor of PI3K (α, β, γ, and δ), with preclinical studies demonstrating broad antitumor activity. We performed a first-in-human phase I study in patients with advanced solid tumors

Psychiatric and medical admissions observed among elderly patients with new-onset epilepsy

<p>Abstract</p> <p>Background</p> <p>Inpatient utilization associated with incidence of geriatric new-onset epilepsy has not been characterized in any large study, despite recognized high levels of risk factors (comorbidity).</p> <p>Methods</p> <p>Retrospective study using administrative data (Oct '01-Sep '05) from the Veterans Health Administration from a nationwide sample of 824,483 patients over age 66 in the retrospective observational Treatment In Geriatric Epilepsy Research (TIGER) study. Psychiatric and medical hospital admissions were analyzed as a function of patient demographics, comorbid psychiatric, neurological, and other medical conditions, and new-onset epilepsy.</p> <p>Results</p> <p>Elderly patients experienced a 15% hospitalization rate in FY00 overall, but the subset of new-onset epilepsy patients (n = 1,610) had a 52% hospitalization rate. New-onset epilepsy was associated with three-fold increased relative odds of psychiatric admission and nearly five-fold increased relative odds of medical admission. Among new-onset epilepsy patients, alcohol dependence was most strongly associated with psychiatric admission during the first year after epilepsy onset (odds ratio = 5.2; 95% confidence interval 2.6-10.0), while for medical admissions the strongest factor was myocardial infarction (odds ratio = 4.7; 95% confidence interval 2.7-8.3).</p> <p>Conclusion</p> <p>From the patient point of view, new-onset epilepsy was associated with an increased risk of medical admission as well as of psychiatric admission. From an analytic perspective, omitting epilepsy and other neurological conditions may lead to overestimation of the risk of admission attributable solely to psychiatric conditions. Finally, from a health systems perspective, the emerging picture of the epilepsy patient with considerable comorbidity and demand for healthcare resources may merit development of practice guidelines to improve coordinated delivery of care.</p

The Vehicle, Spring 1980

Vol. 3, No. 2 Table of Contents White LanguageStarla Stensaaspage 4 The Grand Canyon at SunsetElisabeth Cristpage 5 WitheringSheila Kattypage 5 In Defense of the DandelionKathleen Alakspage 6 HaikuScott Fishelpage 7 Double SolitaireCathy Georgepage 8 AdolescenceNancy Douglaspage 9 Sunrises as SunsetsRobert Schumacherpage 9 War Is Not All HellChris Goerlichpage 11 Young SoldierRobert Swansonpage 11 Without Really Looking For ThemSheila Kattypage 12 JourneyJean Wallacepage 15 I Barely Remember the Poet/TeacherStarla Stensaaspage 16 To SearchKaren Buchananpage 17 Four-Hundred and Twenty-Four DaysAnnette Heinzpage 19 Killing CarpJerry McAnultypage 20 War of the WillsLaurel Anzelmopage 21 Life of a Sexual MetaphorChris Goerlichpage 23 Hazy Days in Mid-JulyKaren Buchananpage 24 August\u27s EndCynthia Rozminpage 24 Visiting GrandmotherRobert Swansonpage 26 UntitledNancy Van Cleavepage 27 The AlbinoDenise Davinroypage 27 This ChristmasRobert Schumacherpage 28 Burnt OfferingGinny Stroheckerpage 29 Long-term VacationDenise Davinroypage 29 Storm\u27s EveJeffrey Stousepage 30 Lovers: A Weaver in the StatesStarla Stensaaspage 31 Gitchegumme BeachScott Fishelpage 32 Dear Husband, What Do You Think?Katherine Adamspage 33 Cat\u27s Eve InnCynthia Rozminpage 34 BassScott Fishelpage 34 Fall Morning in the Okanagan ValleyJerry McAnultypage 35 MusicMary McDanielpage 36 AnticipationNancy Douglaspage 41 Don\u27t Let Your Bread LoafJohn Stockmanpage 41 The FieldElise Hempelpage 42 the g.a.Carla Vitezpage 42 Quality in Search of An AuthorRobert Schinaglpage 43 February 9thLisa Livingstonpage 44 By A Pond in SpringJohn Stockmanpage 46 Night SoundsJeffrey Stousepage 47 Art CoverKaren Dankovich PhotographCindy Hubbarttpage 3 PhotographScott Fishelpage 10 PhotographLisa Larsonpage 18 EtchingKaren Dankovichpage 25 PhotographScott Fishelpage 30 PhotographScott Fishelpage 40 PhotographCindy Hubbarttpage 45 PhotographCindy Hubbarttpage 48https://thekeep.eiu.edu/vehicle/1037/thumbnail.jp

The Vehicle, Spring 1980

Vol. 3, No. 2 Table of Contents White LanguageStarla Stensaaspage 4 The Grand Canyon at SunsetElisabeth Cristpage 5 WitheringSheila Kattypage 5 In Defense of the DandelionKathleen Alakspage 6 HaikuScott Fishelpage 7 Double SolitaireCathy Georgepage 8 AdolescenceNancy Douglaspage 9 Sunrises as SunsetsRobert Schumacherpage 9 War Is Not All HellChris Goerlichpage 11 Young SoldierRobert Swansonpage 11 Without Really Looking For ThemSheila Kattypage 12 JourneyJean Wallacepage 15 I Barely Remember the Poet/TeacherStarla Stensaaspage 16 To SearchKaren Buchananpage 17 Four-Hundred and Twenty-Four DaysAnnette Heinzpage 19 Killing CarpJerry McAnultypage 20 War of the WillsLaurel Anzelmopage 21 Life of a Sexual MetaphorChris Goerlichpage 23 Hazy Days in Mid-JulyKaren Buchananpage 24 August\u27s EndCynthia Rozminpage 24 Visiting GrandmotherRobert Swansonpage 26 UntitledNancy Van Cleavepage 27 The AlbinoDenise Davinroypage 27 This ChristmasRobert Schumacherpage 28 Burnt OfferingGinny Stroheckerpage 29 Long-term VacationDenise Davinroypage 29 Storm\u27s EveJeffrey Stousepage 30 Lovers: A Weaver in the StatesStarla Stensaaspage 31 Gitchegumme BeachScott Fishelpage 32 Dear Husband, What Do You Think?Katherine Adamspage 33 Cat\u27s Eve InnCynthia Rozminpage 34 BassScott Fishelpage 34 Fall Morning in the Okanagan ValleyJerry McAnultypage 35 MusicMary McDanielpage 36 AnticipationNancy Douglaspage 41 Don\u27t Let Your Bread LoafJohn Stockmanpage 41 The FieldElise Hempelpage 42 the g.a.Carla Vitezpage 42 Quality in Search of An AuthorRobert Schinaglpage 43 February 9thLisa Livingstonpage 44 By A Pond in SpringJohn Stockmanpage 46 Night SoundsJeffrey Stousepage 47 Art CoverKaren Dankovich PhotographCindy Hubbarttpage 3 PhotographScott Fishelpage 10 PhotographLisa Larsonpage 18 EtchingKaren Dankovichpage 25 PhotographScott Fishelpage 30 PhotographScott Fishelpage 40 PhotographCindy Hubbarttpage 45 PhotographCindy Hubbarttpage 48https://thekeep.eiu.edu/vehicle/1037/thumbnail.jp