Showing 1 - 10 of 155
This paper uses firm level panel data to investigate empirically the effects of direct foreign investment (DFI) on the …. To this end a unique firm level panel data set is used with detailed information on foreign ownership at the firm level … variables in the general methods of moment technique for panel data. Only in Poland, I find that foreign firms perform better …
Persistent link: https://www.econbiz.de/10005124164
level of income and export intensity. Specifically, the paper investigates theoretically and empirically how financial … constraints affect a firm's innovation and export activities. Theoretical predictions are tested using unique firm survey data … constraints strongly adversely affect the ability of domestically owned firms to innovate and to export and hence to catch up to …
Persistent link: https://www.econbiz.de/10008468676
This paper models the causes of the 2008 financial crisis together with its manifestations, using a Multiple Indicator Multiple Cause (MIMIC) model. Our analysis is conducted on a cross-section of 85 countries; we focus on international linkages that may have allowed the crisis to spread across...
Persistent link: https://www.econbiz.de/10008528523
In this paper we analyse the relationship between gravity variables and f.o.b. export unit values using Hungarian firm …-product-destination data. By taking firm-product level selection into account we show that export unit values increase with distance even for … relationship between unit values and market size. We propose two possible explanations: first, firms may export different quality …
Persistent link: https://www.econbiz.de/10008530371
adopt a model of firm heterogeneity and export participation which we estimate to match moments of the French data using the …
Persistent link: https://www.econbiz.de/10005124187
information spillovers across markets on the export patterns of four developing countries (Egypt, Korea, Malaysia and Tunisia). A … developing countries, where they appear to be geographically more concentrated. The exception is China and to some extent Hong …
Persistent link: https://www.econbiz.de/10005497848
In this paper we ask why the gravity model of international trade also work well for foreign direct investment (FDI) flows or multinational production (MP). We propose a model of trade and horizontal FDI, where the subsidiary is allowed to source inputs from the headquarters. Under certain...
Persistent link: https://www.econbiz.de/10005114237
Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information...
Persistent link: https://www.econbiz.de/10011083260
The effects of Regional Trade Agreements (RTAs) are disputed. In this paper, we assess these effects using capital market data and an event-study approach, using a daily data set covering a thousand announcements spanning over eighty economies and a hundred RTAs over twenty recent years. We...
Persistent link: https://www.econbiz.de/10009293663
trade. The panel data set used includes bilateral observations for five years spanning 1970 through 1990 for 186 countries …
Persistent link: https://www.econbiz.de/10005666776