Capital controls and the location of industry

Wiberg, Magnus

doi:10.1111/twec.12908

Cited by 3 publications

(2 citation statements)

References 27 publications

(32 reference statements)

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“…Column (3) shows the regression result on the effect of OFDI on firm employment volatility through production transfers. Wiberg (2020) argues that the difference in the rate of return on capital between countries is the motivation for cross‐border capital flows, and cross‐border production transfers reflect cross‐border capital flows to a certain extent. Following Montalbano et al (2018), we use return on capital (ra) as a proxy for productivity transfer effects.…”

Section: Resultsmentioning

confidence: 99%

Impact of outward foreign direct investment on employment volatility: Evidence from China

Cen

Dong

2022

Asian Economic Journal

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Does outward foreign direct investment (OFDI) help stabilize employment in the home country? This paper studies the relationship between the volatility of employment growth and the OFDI of a firm using matched data of Chinese firms from 2000 to 2019. The empirical analysis shows that employment in OFDI firms is less volatile than that in non-OFDI firms. For firms in the eastern coastal areas of China, OFDI has a more obvious effect in restraining employment volatility. OFDI is also conducive to reducing employment volatility for firms that conduct OFDI in Asian, European, and American countries. Firms in the service sector conducting OFDI see a greater reduction in employment volatility. In addition, OFDI affects employment volatility mainly through the channels of technological innovation and production transfers. This study recommends that the government enact reforms in the domestic market to encourage more firms in China to invest.

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Section: Resultsmentioning

confidence: 99%

Impact of outward foreign direct investment on employment volatility: Evidence from China

Cen

Dong

2022

Asian Economic Journal

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“…In the context of globalization and global competition (Wang, 2020), regions become more oriented towards strategic management, which includes the mission of the region, scenarios and concepts of development (Barnes, 2003;Combes 221,3 201,8 198 Cairncross, 2001), socio-economic forecasting (Zhao & Fan, 2019;Chen, 2020), targeted integrated programs, and mechanisms for implementing the goals of regional strategic management (Wiberg, 2019;Chen, 2019;Qiu et al, 2020). The mission of the region is one of the fundamental concepts of strategic management; it should be unique in each case and formulated by taking into account the region's specific characteristics.…”

Section: Methodology and Datamentioning

confidence: 99%

Strategic priorities for the development of middle regions in Russia

Akberdina

Sergeeva

2020

R-E

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Relevance. The key factor in the development of any region is its geographical position in the socioeconomic and geopolitical space of the country. In this respect, middle regions are of particular interest. Unfortunately, their unique qualities remain largely underexplored in research literature, which is the gap this article seeks to address. Research objective. The purpose of the study is to provide a definition of the concept 'middle region' , describe its key characteristics and align them with the strategic priorities in the development of such regions. Data and methods. The research methodology centres around the notion of cumulative effect of the middle region and the tools for its assessment. This effect is associated with enhanced socioeconomic efficiency of a territorial capital resulting from the advantages of its middle position. Among other things, this effect manifests itself through higher economic returns on investment. The empirical part of the study relies on the data on 36 Russian middle regions, their missions and priorities of strategic development. Results. The article summarizes the Russian and international theoretical approaches to the definition of the middle regions, their place and role in the territorial structure of a country and its socioeconomic development. It is shown that most authors assign middle regions the role of the country's epicenter, highlighting their key role in economy, culture, politics and other spheres of life. The approach proposed in this study focuses on middle regions' position in space, on the one hand, and, on the other, sees them as systems of interactions in the socioeconomic space. Based on this understanding of the middle region, several groups of Russian middle regions are identified: integrators, sustainable middle regions and developing middle regions. Conclusions. The mission of middle regions is one of the fundamental concepts of strategic management, comprising a hierarchy of goals. It is shown that although the mission of middle regions should be to become integrators of the country's socioeconomic space through the network of inter-territorial and global interactions, not all Russian middle regions are ready to pursue this ambitious goal and prefer to focus on addressing internal goals of their own.

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Capital controls and the location of industry

Abstract: K E Y W O R D S capital controls, economic geography, welfare 1 See Grossman (2016) for an overview of the purposes of trade agreements. 2 See, e.g., Schuknecht (1998) for a trade policy perspective on capital controls.

Cited by 3 publications

References 27 publications

Impact of outward foreign direct investment on employment volatility: Evidence from China

Impact of outward foreign direct investment on employment volatility: Evidence from China

Strategic priorities for the development of middle regions in Russia

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