Determinants of FDI in Developing Countries: Has Globalization Changed the Rules of the Game?.

There is a startling gap between current thinking on, allegedly, globalization-induced changes in international competition for foreign direct investment (FDI) and the lack of recent empirical evidence on shifts in the relative importance of traditional and non-traditional determinants of FDI in developing countries. We attempt to narrow this gap by making use of comprehensive survey data, collected by the European Round Table of Industrialists, on investment conditions in 28 developing countries since the late 1980s. Applying Spearman correlation coefficients and panel-data regression models, we show that surprisingly little has changed so far. Traditional market-related determinants are still dominant factors shaping the distribution of FDI. If at all, the importance of non-traditional FDI determinants has increased only modestly.Direktinvestition; Globalisierung; Entwicklungsländer;

Globalization of the automobile industry : traditional locations under pressure?.

n.a.Kraftfahrzeugindustrie; Globalisierung; Internationaler Wettbewerb; Standortwettbewerb; Beschäftigungseffekt; Deutschland; USA; Japan;

Determinants of Business Cycles in Small Scale Macroeconomic Models: The German Case

We identify measures of shocks to total factor productivity and preferences from two real business cycle models and subject them to Granger causality tests to see whether they can be considered exogenous to other plausible sources of the German business cycle in the mid nineteen seventies and nineteen eighties. We find no evidence to reject the exogeneity of our shock measures. This results contrasts with similar studies for other countries that question the exogeneity of either productivity or preference shocks.Real Business Cycles, Solow Residual, Granger CausalityRe

Creating National Poverty Profiles and Growth Incidence Curves with Incomplete Income or Consumption Expenditure Data: An Application to Bolivia

In many developing countries, there does not exist a time series of nationally representative household budget or income surveys, while there often are surveys of regions as well as nationally representative Demographic and Health Surveys (DHS) which lack information on incomes. This makes an analysis of trends and determinants of poverty and inequality impossible. This is also the situation in Bolivia where there exist urban household surveys and nationally representative DHS since 1989, while nationally representative household income surveys only exist since 1997. In this paper, we adjust a technique developed for poverty mapping exercises to link urban household income surveys with DHS data to generate a time series of household income data from 1989 to 2002. Our technique performs well on validation tests, is superior to imputing incomes from assets in the DHS, and is able to generate new information on poverty and inequality in Bolivia.Microsimulation,survey matching,poverty,inequality,pro-poor growth,poverty profile,growth incidence curve,Bolivia

Determinants of business cycles in small scale macroeconomic models: the German case

We identify measures of shocks to total factor productivity and preferences from two real business cycle models and subject them to Granger causality tests to see whether they can be considered exogenous to other plausible sources of the German business cycle in the mid nineteen seventies and nineteen eighties. We find no evidence to reject the exogeneity of our shock measures. This results contrasts with similar studies for other countries that question the exogeneity of either productivity or preference shocks

Operationalizing Pro-Poor Growth - Country Case Study: Bolivia

This case study examines to what extent Bolivia has been able to achieve pro-poor growth, what the mechanisms of achieving (or failing to achieve) pro-poor growth have been, and what options are available to ensure higher rates of pro-poor growth. The analysis focuses on the period from 1989 to 2003, which spans a time of relatively high growth in the 1990s, and low growth with social and political turmoil in the past few years. In contrast, there have been notable and sustained improvements in social indicators which continued to improve despite the economic slowdown.Pro-Poor Growth; Bolivia