Publication:
Surges and Stops in FDI Flows to Developing Countries : Does the Mode of Entry Make a Difference?

Simple item page
dc.contributor.authorBurger, Martijn J.
dc.contributor.authorIanchovichina, Elena I.
dc.date.accessioned2014-03-18T19:55:37Z
dc.date.available2014-03-18T19:55:37Z
dc.date.issued2014-02
dc.description.abstractThis paper investigates the factors associated with foreign direct investment "surges" and "stops," defined as sharp increases and decreases, respectively, of gross foreign direct investment inflows to the developing world and differentiated based on whether these events are led by waves in greenfield investments or mergers and acquisitions. Greenfield-led surges and stops occur more frequently than mergers and acquisitions-led ones and different factors are associated with the onset of the two types of events. Global liquidity is the only factor significantly associated with a surge, regardless of its kind, while decline in global economic growth and a surge in the preceding year are the only predictors of a stop. Greenfield-led surges and stops are more likely in low-income and resource-rich countries than elsewhere. Global growth, financial openness, and domestic economic and financial instability enable mergers and acquisitions-led surges. These results differ from those in the literature on surges and stops and are particularly relevant in countries where foreign direct investments dominate capital flows.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/02/18912430/surges-stops-fdi-flows-developing-countries-mode-entry-make-difference
dc.identifier.doi10.1596/1813-9450-6771
dc.identifier.urihttps://hdl.handle.net/10986/17303
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6771
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectANNUAL GROWTH
dc.subjectARBITRAGEURS
dc.subjectASSETS
dc.subjectBALANCE SHEET
dc.subjectBANK POLICY
dc.subjectBOND
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ACCOUNT OPENNESS
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL TRANSACTIONS
dc.subjectCENTRAL BANK
dc.subjectCONTROL VARIABLES
dc.subjectCORPORATE ASSETS
dc.subjectCOUNTRY LEVEL
dc.subjectCOUNTRY RISK
dc.subjectCOUNTRY SIZE
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCROSS-BORDER CAPITAL
dc.subjectCROSS-BORDER MERGERS
dc.subjectCUMULATIVE DISTRIBUTION
dc.subjectCUMULATIVE DISTRIBUTION FUNCTION
dc.subjectCURRENCY
dc.subjectCURRENCY CRISES
dc.subjectCURRENT ACCOUNT
dc.subjectDEBT SERVICE
dc.subjectDEMOCRACY
dc.subjectDEPENDENT VARIABLE
dc.subjectDESCRIPTIVE STATISTICS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPING WORLD
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT POLICY
dc.subjectDIVERSIFICATION
dc.subjectDOMESTIC MARKETS
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GEOGRAPHY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INTEGRATION
dc.subjectECONOMIC LAW
dc.subjectECONOMIC RISK
dc.subjectECONOMIC STABILITY
dc.subjectECONOMIC STUDIES
dc.subjectECONOMIC SYSTEMS
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKETS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectEMPIRICAL LITERATURE
dc.subjectEMPIRICAL MODELS
dc.subjectEQUITY CAPITAL
dc.subjectESTIMATION STRATEGIES
dc.subjectESTIMATION TECHNIQUES
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE STABILITY
dc.subjectEXPLANATORY VARIABLES
dc.subjectEXPORTS
dc.subjectEXPOSURE
dc.subjectEXTERNAL FINANCING
dc.subjectFINANCIAL CAPITAL
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL FLOW
dc.subjectFINANCIAL FLOWS
dc.subjectFINANCIAL INSTABILITY
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL OPENNESS
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL STUDIES
dc.subjectFIRM ASSETS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DEBT SERVICE
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectFOREIGN FIRMS
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN MARKET
dc.subjectFOREIGN OWNERSHIP
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FINANCIAL MARKETS
dc.subjectGLOBAL LEVEL
dc.subjectGLOBAL LIQUIDITY
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL RISK
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGOVERNMENT POLICIES
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOST COUNTRIES
dc.subjectHOST COUNTRY
dc.subjectHOST ECONOMIES
dc.subjectHUMAN CAPITAL
dc.subjectIMPORT
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME LEVEL
dc.subjectINCOME LEVELS
dc.subjectINCOMES
dc.subjectINDEPENDENT VARIABLES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLOWS OF CAPITAL
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BUSINESS
dc.subjectINTERNATIONAL ECONOMICS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINTERNATIONAL MONEY
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRANSACTIONS
dc.subjectINVESTING
dc.subjectINVESTMENT INFLOWS
dc.subjectJOINT VENTURES
dc.subjectLEADING INDICATORS
dc.subjectLEVERAGE
dc.subjectLIQUIDITY CRISES
dc.subjectLOCAL CURRENCY
dc.subjectLONG-TERM BOND YIELDS
dc.subjectLONG-TERM CAPITAL
dc.subjectLOW-INCOME COUNTRIES
dc.subjectLOW-INCOME ECONOMIES
dc.subjectMACROECONOMIC EFFECTS
dc.subjectMACROECONOMIC ENVIRONMENTS
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC UNCERTAINTY
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMACROECONOMICS
dc.subjectMARKET COMPETITION
dc.subjectMARKET ENTRY
dc.subjectMARKET POWER
dc.subjectMARKET STRUCTURE
dc.subjectMARKET VALUATIONS
dc.subjectMEAN VALUE
dc.subjectMONETARY ECONOMICS
dc.subjectMONETARY FUND
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNET CAPITAL
dc.subjectOPEN ECONOMIES
dc.subjectOUTPUT
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOME LEVELS
dc.subjectPER CAPITA INCOMES
dc.subjectPOLICY ANALYSIS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESPONSES
dc.subjectPOLITICAL DETERMINANTS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOLITICAL REGIMES
dc.subjectPOLITICAL RISK
dc.subjectPOLITICAL STABILITY
dc.subjectPOOR COUNTRIES
dc.subjectPRICE VOLATILITY
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPRODUCTION COSTS
dc.subjectPROTECTIONISM
dc.subjectREAL GDP
dc.subjectREINVESTMENT
dc.subjectREINVESTMENT OF EARNINGS
dc.subjectRELATIVE PRICE
dc.subjectRICH COUNTRIES
dc.subjectROBUSTNESS CHECKS
dc.subjectSHORT-TERM CAPITAL
dc.subjectSIGNIFICANT EFFECT
dc.subjectSLOWDOWNS
dc.subjectSTANDARD DEVIATION
dc.subjectSTANDARD DEVIATIONS
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET CAPITALIZATION
dc.subjectTAKEOVER
dc.subjectTECHNOLOGY TRANSFER
dc.subjectTRADE OPENNESS
dc.subjectUNCERTAINTY
dc.subjectVOLATILITY
dc.subjectWELFARE IMPACT
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORLD ECONOMY
dc.subjectWORLD INVESTMENT REPORT
dc.subjectWORLD TRADE
dc.titleSurges and Stops in FDI Flows to Developing Countries : Does the Mode of Entry Make a Difference?en
dspace.entity.typePublication
okr.crossref.titleSurges and Stops in FDI Flows to Developing Countries: Does the Mode of Entry Make a Difference?
okr.date.disclosure2014-02-01
okr.date.doiregistration2025-04-10T11:38:59.760913Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/02/18912430/surges-stops-fdi-flows-developing-countries-mode-entry-make-difference
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid477161468336651521
okr.identifier.doi10.1596/1813-9450-6771
okr.identifier.externaldocumentum000158349_20140206145011
okr.identifier.internaldocumentum18912430
okr.identifier.reportWPS6771
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/02/06/000158349_20140206145011/Rendered/PDF/WPS6771.pdfen
okr.region.administrativeMiddle East and North Africa
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitOffice of the Chief Economist, Middle East and North Africa Region
okr.volume1 of 1
relation.isAuthorOfPublication814995f9-044c-566a-9355-890a6ac260ae
relation.isAuthorOfPublication.latestForDiscovery814995f9-044c-566a-9355-890a6ac260ae
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
WPS6771.pdf
Size:
1.83 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
WPS6771.txt
Size:
139.08 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers