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When Does FDI Have Positive Spillovers? Evidence from 17 Transition Market Economies
Gorodnichenko, Yuriy; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2014
We use rich firm-level data and national input-output tables from 17 countries over the 2002-2005 period to test new and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the host country (i.e., spillovers). We document that backward...
Persistent link: https://www.econbiz.de/10011083237
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When Does FDI Have Positive Spillovers? Evidence from 17 Emerging Market Economies
Gorodnichenko, Yuriy; Svejnar, Jan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2007
We use firm-level data and national input-output tables from 17 countries over the 2002-2005 period to test new and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the host country (i.e., spillovers). Providing evidence from a larger...
Persistent link: https://www.econbiz.de/10005497973
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Globalization, Credence Goods and International Civil Society
Krautheim, Sebastian; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012
The process of globalization is characterized by an impressive growth in global value chains, as well as the … potential NGO emergence allows firms to capture gains from globalization, which would otherwise be unattainable. We show that …
Persistent link: https://www.econbiz.de/10011084080
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Trade Liberalization and Organizational Change
Conconi, Paola; Legros, Patrick; Newman, Andrew - C.E.P.R. Discussion Papers - 2008
We embed a simple incomplete-contracts model of organization design in a standard two-country perfectly-competitive trade model to examine how the liberalization of product and factor markets affects the ownership structure of firms. In our model, managers decide whether or not to integrate...
Persistent link: https://www.econbiz.de/10005788931
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'Globalization' and Relocation in a Vertically Differentiated Industry
Cordella, Tito; Grilo, Isabel - C.E.P.R. Discussion Papers - 1998
decisions, when the removal either of trade barriers or of restrictions on capital outflows/inflows (‘globalization’) allows … yields the relocation of the whole industry, autarchy is strictly better, in welfare terms, than ‘globalization’. It is only … when relocation is a dominant strategy for one (and only one) of the firms, that ‘globalization’ may be unambiguously …
Persistent link: https://www.econbiz.de/10005661863
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German Unification: Economic Problems and Consequences
Neumann, Manfred J.M. - C.E.P.R. Discussion Papers - 1991
Economic unification forced an unprecedented adjustment crisis on the East German economy. The revolutionary shock of the transformation of the economic order was reinforced by a real appreciation shock exceeding 50%, due to the immediate introduction of the Deutschmark. This paper examines in...
Persistent link: https://www.econbiz.de/10005791728
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Monopoly, Tying and Reciprocity: An Application to International Trade
Marin, Dalia - C.E.P.R. Discussion Papers - 1991
This paper sees countertrade as a means by which the PCPEs (previously centrally planned economies) and LDCs extract some of the monopoly profits from firms in OECD countries to subsidize their exports. Viewed in this way, countertrade is an exchange of market entry for marketing assistance in...
Persistent link: https://www.econbiz.de/10005498049
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Barter For Price Discrimination?
Guriev, Sergei; Kvassov, Dmitry - C.E.P.R. Discussion Papers - 2000
Unprecendented growth of barter is a striking phenomenon of Russia's transition. The explanations of barter include tight monetary policy, tax evasion and poor financial intermediation. We show that the market power may also be important. We build a model of imperfect competition in which firms...
Persistent link: https://www.econbiz.de/10005504640
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The Margins of Global Sourcing: Theory and Evidence from U.S. Firms
Antràs, Pol; Fort, Teresa C; Tintelnot, Felix - C.E.P.R. Discussion Papers - 2014
This paper studies the extensive and intensive margins of firms' global sourcing decisions. We develop a quantifiable multi-country sourcing model in which heterogeneous firms self-select into importing based on their productivity and country-specific variables. The model delivers a simple...
Persistent link: https://www.econbiz.de/10011145398
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Institutions, Volatility and Investment
Besley, Timothy J.; Mueller, Hannes Felix - C.E.P.R. Discussion Papers - 2015
Countries with strong executive constraints have lower growth volatility but similar average growth to those with weak constraints. This paper argues that this may explain a strong reduced-form correlation between executive constraints and inflows of foreign investment. It uses a novel dataset...
Persistent link: https://www.econbiz.de/10011145416