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International Environmental Agreements with Uncertainty, Learning and Risk Aversion

Finus, Michael; Pintassilgo, Pedro; Ulph, Alistair - CESifo - 2014

This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …

Persistent link: https://www.econbiz.de/10010736746

Business Decision-Making under Uncertainty: Evidence from Employment and Number of Businesses

Ghosal, Vivek; Ye, Yang - CESifo - 2013

uncertainty on firms’ decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms’ decisions …

Persistent link: https://www.econbiz.de/10010674454

Uncertainty and the Employment Dynamics of Small and Large Businesses

Ghosal, Vivek; Ye, Yang - CESifo - 2014

We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …

Persistent link: https://www.econbiz.de/10010960647

Labour Market Rigidities, Financial Integration and International Risk Sharing in the OECD

Fidrmuc, Jarko; Foster, Neil; Scharler, Johann - CESifo - 2007

Economic theory predicts that consumption growth rates should be highly correlated across countries. Empirical evidence overwhelmingly rejects this prediction. We examine whether increased financial integration and labour market rigidities can help explain this apparent contradiction between...

Persistent link: https://www.econbiz.de/10005094148

Foreign Direct Investment Modes and Local Backward Linkages

Milliou, Chrysovalantou; Pavlou, Apostolis - CESifo - 2014

We study a multinational enterprise’s (MNE) choice of foreign direct investment (FDI) mode in a vertically related market with local input sourcing. We show that the vertical structure of the market and its features play a crucial role for the MNE.s decision: backward linkages, enhanced...

Persistent link: https://www.econbiz.de/10010877755

Tax Rate and Tax Base Competition for Foreign Direct Investment

Egger, Peter; Raff, Horst - CESifo - 2011

This paper argues that the large reduction in corporate tax rates and only gradual widening of tax bases in many countries over the last decades are consistent with tougher international competition for foreign direct investment (FDI). To make this point we develop a model in which governments...

Persistent link: https://www.econbiz.de/10009320778

How Far Away is an Intangible? Services FDI and Distance

Davies, Ronald B.; Guillin, Amélie - CESifo - 2011

Foreign direct investment (FDI) in services has grown significantly in recent years. Evidence of spatial relationships in FDI decisions have been provided for goods manufacturing by utilizing physical distance-based measures of trade costs. This paper investigates spatial interactions for...

Persistent link: https://www.econbiz.de/10009325809

Location of Foreign Direct Investment in Vertically Related Markets

Milliou, Chrysovalantou - CESifo - 2013

We provide an alternative explanation for the commonly observed FDI in developed countries (DCs) considering a vertically related market structure and endogenizing vertical technology transfer (VTT). We show that even though VTT is more costly in a less developed country (LDC), a multinational...

Persistent link: https://www.econbiz.de/10010610088

Preference Bias and Outsourcing to Market: A Steady-State Analysis

Wang, Ping; Riezman, Raymond - CESifo - 2008

We analyze a model that focuses on the export/outsource decision. Outsourcing has the advantage of providing better information about local preferences. The disadvantage is that producing in the host country also means using the inferior technology embodied in the local capital. The decision of...

Persistent link: https://www.econbiz.de/10005766074

A Race beyond the Bottom: The Nature of Bidding for a Firm

Furusawa, Taiji; Hori, Kazumi; Wooton, Ian - CESifo - 2010

We examine how the bidding environment may affect the outcome of tax competition between two countries (or two regions) in attracting a firm’s foreign direct investment (FDI).We compare the equilibrium location choice and payoffs from an English auction, with both complete and incomplete...

Persistent link: https://www.econbiz.de/10008533990

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