The negative effect of regulatory divergence on foreign direct investment / Jean-Marc Fournier
Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: OECD. OECD Economics Department working papers ; 1268Publisher: Paris : OECD, Economics Dep., 2015Description: Online-Ressource (35 S.) : graph. DarstSubject(s): Genre/Form: DOI: DOI: 10.1787/5jrqgvg0dw27-enOnline resources: Summary: The determinants of foreign direct investment (FDI) are explored with gravity models, using a Poisson estimator and a linear estimator, both with fixed effects. The heterogeneity of product market regulations has a large and robust impact on cross-border investment: a reduction of regulatory divergence by one fifth could increase FDI by about 15%. In particular, the divergence of command and control regulations and of protection of incumbents (antitrust exemptions, entry barriers in networks and services) reduce cross-border investment. In addition, countries with higher employment protection have both less inward and less outward FDI, and there is some evidence that more complex regulatory procedures reduce inward FDI.PPN: PPN: 843550589Package identifier: Produktsigel: ZDB-13-SOC | ZDB-13-SOC-ebookNo physical items for this record
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