counterparts? (2) Do foreign firms generate spillovers to domestic firms? The estimation technique in this paper takes potential … endogeneity of ownership, spillovers and other factors into account by estimating a fixed effects model using instrumental … spillovers to domestic firms on average. In contrast, on average there are negative spillovers to domestic firms in Bulgaria and …

The paper analyses the global spillovers of the Federal Reserve’s unconventional monetary policy measures since 2007 … policy spillovers, but rather that responses to Fed policies are related to country risk. The results thus illustrate how US …

We use changes in Brazil’s tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and …. We find that an increase in Brazil’s tax on foreign investment in bonds causes investors to significantly decrease their … portfolio allocations to Brazil in both bonds and equities. Investors simultaneously increase allocations to other countries …

This paper analyzes past and possible future spillovers from the Euro Area Sovereign Debt Crisis, both within the Euro …, disaggregated into fifteen national economies. We find that macroeconomic and financial market spillovers have been small outside of …

evidence of market sector spillovers from intangible investment and from public R&D. We find (a) no evidence of spillover … spillovers from public R&D spend on research councils, and (c) no evidence of market sector spillovers from public spending on …

We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a world econometric model. A … of MULTIMOD that incorporates R&D spillovers among industrial countries and from industrial countries to developing … countries. Our simulations suggest that R&D, R&D spillovers, and trade play important roles in boosting growth in industrial and …

towards the global frontier country, perhaps due to learning and knowledge spillovers. More recently, studies within countries …

R&D spillovers as well. This paper analyses empirically whether inward and outward foreign direct investment (FDI) work … as channels for international R&D spillovers. We utilize firm-level as well as industry-level data for Swedish … manufacturing in the analysis. We find no evidence of FDI-related R&D spillovers - neither at the firm-level nor at the industry …

of foreign direct investment on domestic plant’s productivity. The results indicate that positive spillovers exist but …