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Exports Versus FDI Revisited: Does Finance Matter?
Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - C.E.P.R. Discussion Papers - 2010
The crisis on international financial markets that started in 2007 has shown the potential links between the financial sector and the real economy. Exports and foreign direct investment (FDI) have declined, presumably not only because of a lack of demand, but also because of restricted access of...
Persistent link: https://www.econbiz.de/10008468589
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Financial Constraints and the Margins of FDI
Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - C.E.P.R. Discussion Papers - 2009
Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross …
Persistent link: https://www.econbiz.de/10008528519
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The Gravity of Knowledge
Keller, Wolfgang; Yeaple, Stephen R - C.E.P.R. Discussion Papers - 2009
How large are spatial barriers to transferring knowledge? We analyze the international operations of multinational firms to answer this fundamental question. In our model firms can transfer bits of knowledge to their foreign a¢ liates in either embodied (traded intermediates) or disembodied...
Persistent link: https://www.econbiz.de/10008558594
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International Trade, Foreign Direct Investment, and Technology Spillovers
Keller, Wolfgang - C.E.P.R. Discussion Papers - 2009
This paper examines how international flows of technological knowledge affect economic performance across industries and firms in different countries. Motivated by the large share of the world's technology investments made by firms that are active across borders, we focus on international trade...
Persistent link: https://www.econbiz.de/10008577803
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The Real Effects of EMU
Lane, Philip R. - C.E.P.R. Discussion Papers - 2006
We explore the impact of European monetary union (EMU) on the economies of the member countries. While the annual dispersion in inflation rates have not been much different to the variation across US regions, inflation differentials in the euro area have been much more persistent, such that...
Persistent link: https://www.econbiz.de/10005791619
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Trade, FDI and the Organization of Firms
Helpman, Elhanan - C.E.P.R. Discussion Papers - 2006
New developments in the world economy have triggered research designed to better understand the changes in trade and investment patterns, and the reorganization of production across national borders. Although traditional trade theory has much to offer in explaining parts of this puzzle, other...
Persistent link: https://www.econbiz.de/10005791842
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Limits of Arbitrage: The State of the Theory
Gromb, Denis; Vayanos, Dimitri - C.E.P.R. Discussion Papers - 2010
We survey theoretical developments in the literature on the limits of arbitrage. This literature investigates how costs faced by arbitrageurs can prevent them from eliminating mispricings and providing liquidity to other investors. Research in this area is currently evolving into a broader...
Persistent link: https://www.econbiz.de/10008530340
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Services Reform and Manufacturing Performance: Evidence from India
Arnold, Jens; Javorcik, Beata; Lipscomb, Molly; Mattoo, … - C.E.P.R. Discussion Papers - 2010
services. The link between these reforms and the productivity of manufacturing firms is examined using panel data for about 4 … significant positive effects on the productivity of manufacturing firms. Services reforms benefited both foreign and locally … index of services liberalization resulted in a productivity increase of 11.7 percent for domestic firms and 13.2 percent for …
Persistent link: https://www.econbiz.de/10008642887
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Does Services Liberalization Benefit Manufacturing Firms?
Arnold, Jens; Javorcik, Beata; Mattoo, Aaditya - C.E.P.R. Discussion Papers - 2006
productivity of manufacturing industries relying on services inputs. The results, based on firm-level data from the Czech Republic …
Persistent link: https://www.econbiz.de/10005792056
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Foreign Firms, Domestic Wages
Malchow-Møller, Nikolaj; Markusen, James R.; … - C.E.P.R. Discussion Papers - 2007
Foreign-owned firms are often hypothesized to generate productivity “spillovers” to the host country, but both …-ante identical workers learn from their employers in proportion to the firm’s productivity. Foreign-owned firms have, on average …, higher productivity in equilibrium due to entry costs, which means that low-productivity foreign firms cannot enter. Foreign …
Persistent link: https://www.econbiz.de/10005792490