Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s

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The strategic interdependence between market reforms and foreign direct investment (FDI) in transition economies in the 1990s is presented in an evolutionary game-theoretic framework. The static game has two equilibria: in one, FDI contributes to economic restructuring through acquisitions in host c...

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Detalles Bibliográficos
Autor: Wooster, Rossitza B.
Formato: artículo
Fecha de Publicación:2009
Institución:Pontificia Universidad Católica del Perú
Repositorio:PUCP-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorio.pucp.edu.pe:20.500.14657/194765
Enlace del recurso:https://repositorio.pucp.edu.pe/index/handle/123456789/194765
Nivel de acceso:acceso abierto
Materia:Evolutionary game theory
Foreign direct investment
Transition economies
https://purl.org/pe-repo/ocde/ford#5.02.04
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spelling Wooster, Rossitza B.2023-07-21T19:18:09Z2023-07-21T19:18:09Z2009https://repositorio.pucp.edu.pe/index/handle/123456789/194765The strategic interdependence between market reforms and foreign direct investment (FDI) in transition economies in the 1990s is presented in an evolutionary game-theoretic framework. The static game has two equilibria: in one, FDI contributes to economic restructuring through acquisitions in host countries with rapid market reforms; in the other, slow reform motivates firms to minimize exposure to operational uncertainties through new plant investments. Here FDI plays only a mediating role in economic reform. In a dynamic setting, these equilibria serve to establish conventions about how to invest in countries at different stages of transition. Empirical evidence drawn from U.S. FDI in transition economies further illustrates the model’s equilibria.engPontificia Universidad Católica del Perú. CENTRUMPEurn:issn:1851-6599info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0Journal of CENTRUM Cathedra, Vol. 2, Issue 2reponame:PUCP-Institucionalinstname:Pontificia Universidad Católica del Perúinstacron:PUCPEvolutionary game theoryForeign direct investmentTransition economieshttps://purl.org/pe-repo/ocde/ford#5.02.04Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990sinfo:eu-repo/semantics/articleArtículoORIGINALJCC-2.2-33.pdfJCC-2.2-33.pdfTexto completoapplication/pdf130155https://repositorio.pucp.edu.pe/bitstreams/da56c1d9-7322-48fe-92d8-23999f9c329f/download7651b50f518b5055b8d55768fdbea1e8MD51trueAnonymousREADTHUMBNAILJCC-2.2-33.pdf.jpgJCC-2.2-33.pdf.jpgIM Thumbnailimage/jpeg31893https://repositorio.pucp.edu.pe/bitstreams/67aeabc7-fa07-401c-a4e6-9e12c6af078a/download53b96780cc46ed170b73aa57c833c9c9MD52falseAnonymousREAD20.500.14657/194765oai:repositorio.pucp.edu.pe:20.500.14657/1947652025-04-11 09:58:17.878http://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessopen.accesshttps://repositorio.pucp.edu.peRepositorio Institucional de la PUCPrepositorio@pucp.pe
dc.title.en_US.fl_str_mv Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s
title Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s
spellingShingle Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s
Wooster, Rossitza B.
Evolutionary game theory
Foreign direct investment
Transition economies
https://purl.org/pe-repo/ocde/ford#5.02.04
title_short Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s
title_full Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s
title_fullStr Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s
title_full_unstemmed Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s
title_sort Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s
author Wooster, Rossitza B.
author_facet Wooster, Rossitza B.
author_role author
dc.contributor.author.fl_str_mv Wooster, Rossitza B.
dc.subject.en_US.fl_str_mv Evolutionary game theory
Foreign direct investment
Transition economies
topic Evolutionary game theory
Foreign direct investment
Transition economies
https://purl.org/pe-repo/ocde/ford#5.02.04
dc.subject.ocde.none.fl_str_mv https://purl.org/pe-repo/ocde/ford#5.02.04
description The strategic interdependence between market reforms and foreign direct investment (FDI) in transition economies in the 1990s is presented in an evolutionary game-theoretic framework. The static game has two equilibria: in one, FDI contributes to economic restructuring through acquisitions in host countries with rapid market reforms; in the other, slow reform motivates firms to minimize exposure to operational uncertainties through new plant investments. Here FDI plays only a mediating role in economic reform. In a dynamic setting, these equilibria serve to establish conventions about how to invest in countries at different stages of transition. Empirical evidence drawn from U.S. FDI in transition economies further illustrates the model’s equilibria.
publishDate 2009
dc.date.accessioned.none.fl_str_mv 2023-07-21T19:18:09Z
dc.date.available.none.fl_str_mv 2023-07-21T19:18:09Z
dc.date.issued.fl_str_mv 2009
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.other.none.fl_str_mv Artículo
format article
dc.identifier.uri.none.fl_str_mv https://repositorio.pucp.edu.pe/index/handle/123456789/194765
url https://repositorio.pucp.edu.pe/index/handle/123456789/194765
dc.language.iso.none.fl_str_mv eng
language eng
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eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0
dc.publisher.none.fl_str_mv Pontificia Universidad Católica del Perú. CENTRUM
dc.publisher.country.none.fl_str_mv PE
publisher.none.fl_str_mv Pontificia Universidad Católica del Perú. CENTRUM
dc.source.es_ES.fl_str_mv Journal of CENTRUM Cathedra, Vol. 2, Issue 2
dc.source.none.fl_str_mv reponame:PUCP-Institucional
instname:Pontificia Universidad Católica del Perú
instacron:PUCP
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Foreign Direct Investment Patterns in Transition Economies: An Evolutionary Game - Theoretic Perspective of the 1990s
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