We find support for this argument using a hand-collected database that matches all the disputes presented before the World Bank with the claimants’ divesting activity in the last 18 years. that they want to retain in their units in the host country. Specifically, we argue that when firms experience a serious dispute with a host government, their assessment of their exposure to policy risk changes, making them more likely to divest in the host country’s region and to significantly reduce the amount of shares. We explore whether and how firm-specific facets of policy risk lead firms to dispose of and divest their units in foreign countries. Business and consumer sentiment seems to have a lagged positive impact during the global financial crisis. For example, fiscal contractions may have worsened the fall in imports during the 1997/98 Asian financial crisis, while the fall in exports also has an additional adverse impact. In crisis periods more nuanced results are evident. Business and consumer sentiment, however, does not seem to matter. A weakened credit condition will also exacerbate the fall in imports. The larger decline in imports will be evident if other components of aggregate demand also fall, particularly investment and consumption. Alone, however, it does not contribute to a larger fall in imports. The result shows the import intensity of exports is the highest among all variables. cross-sectional dependence is estimated for 11 Asian economies from 1Q91 to 2Q11. A panel fixed-effects model adjusted for. Several important variables in explaining import demand such as credit conditions and business and consumer sentiment are also included. This question is examined via a standard import specification augmented with differential and time-varying impacts of each component of aggregate demand: consumption, investment, government spending, and exports. This paper analyzes the project management of the company as well as the subsidization with the “Gemeinschaftsaufgabe zur Verbesserung der regionalen Wirtschaftsstruktur - (GA)“of the state of Brandenburg in terms of their contribution to the insolvency of the CargoLifter AG. There were arguments to subsidize the CargoLifter AG. The Government subsidized the CargoLifter AG as part of the “Gemeinschaftsaufgabe zur Verbesserung der regionalen Wirtschaftsstruktur - (GA)“. After raising approximately 220 millions of Euro in the capital market and receiving nearly 50 million Euros from the state of Brandenburg the CargoLifter AG run into financial difficulties. This kind of policy is highly controversial casing lengthy discussions. ![]() The government intended to prevent in the mid 90's the total break-down of the economy in the state of Brandenburg, which is particularly affected by structural changes. The Focus of this papers is the case of the CargoLifter AG. This paper shows how the state of Brandenburg has subsidized large investments.
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