International financial competitiveness and incentives to foreign direct investment /

International financial competitiveness and incentives to foreign direct investment /

In this paper an index of financial competitiveness is calculated that corresponds to the market-to-book ratio of inward FDI stocks. For a panel of five advanced economies from 1980 to 2006 it is shown that price competitiveness, stable inflation rates and registered patents have a positive impact o...

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Bibliographic Details
Main Author: Jochem, Axel
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2008
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies no. 29/2008
Subjects:
INVERSIONES EXTRANJERAS
INVERSIONES DIRECTAS
COMPETITIVIDAD
Online Access:http://econstor.eu/bitstream/10419/27653/1/200829dkp.pdf
Table of Contents:
  • 1. Introduction
  • 2. Corporate valuation and real options
  • 3. Empirical analysis
  • 3.1. Financial competitiveness. 3.2. Determinants of financial competitiveness. 3.3. financial competitiveness and incentives to invest
  • 4. Conclusion
  • References
  • Apendix A: Entry decision under uncertainty and competition
  • B: Calculating the market value of FDI stocks.

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