The large amount of foreign direct investment by US firms in recent years suggests that such
firms had a high internal rate of return on investment abroad. In this paper we attempt to …

IN RECENT YEARS, foreign direct investment by US manufacturing firms has grown rapidly,
oriented largely toward supplying markets outside the US'In these markets, changes in …

THIS paper integrates foreign direct investment and other activities of the American-owned,
international firm. It deals with period-to-period variations in direct investment activity, rather …

This paper critically examines and synthesizes the literature on international risk, diversification,
and capital market segmentation, showing that exchange and country risks may offset …

Upward Labor Mobility: Opportunity or Incentive?* | The Quarterly Journal of Economics |
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Of the explanatory variables, prime importance attaches to changes in un-borrowed reserves,
current and lagged. Changes in reserves are usually accom-panied by simultaneous …

AS an incentive for development, tax abatements for new buildings may be similar to a
graduated tax system For macroeconomic reasons, this statement is especially true in the 1980s …

In the absence of money illusion, denominating Euro-bonds in SDR reduces the risk borne
by the issuer, although such reduction in risk is small. Yields on SDR bonds were low at the …

Irradional noise traders earn high returns for bearing risk that they themselves create.
Diversifying across closed-end funds does little to reduce this risk, because discounts are …

This paper examines the formation of explicitly-reported price expectations in the UK.
Expectations are formed over a long period, and a general distributed lag provides a superior …