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EXAMINING THE INFLUENCE OF SOME MACROECONOMIC FACTORS ON FOREIGN DIRECT INVESTMENTS

Alina Taran (), Marilena Mironiuc and Maria Huian ()
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Alina Taran: Alexandru Ioan Cuza University of Ia?i, Faculty of Economics and Business Administration, Carol I Boulevard, No 22, Iasi, Romania

Review of Economic and Business Studies, 2016, issue 18, 159-182

Abstract: The current real average selling price of a thoroughbred broodmare is nearly half its peak value in 2000. While annual price changes are influenced by economic performance, different prices at an auction are influenced by physical and genetic characteristics of broodmares. We use auction data from the 2013 November Keeneland Breeding Stock Sales to estimate a hedonic pricing model. We find prices are positively influenced by earnings of the covering sire, earnings of the broodmare, pedigree, and the racing performance of broodmare progeny. Conversely, the age of a broodmare and the day on which the horse sold have dampening effects on broodmare prices.

Keywords: Economic growth; foreign direct investments; Economic freedom; IFRS adoption (search for similar items in EconPapers)
JEL-codes: D46 L11 Q13 (search for similar items in EconPapers)
Date: 2016
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