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This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
Persistent link: https://www.econbiz.de/10010877709
There is a well-known debate about the roles of geography versus institutions in explaining the long-term development of countries. These debates have usually been based on cross-country regressions where questions about parameter heterogeneity, unobserved heterogeneity, and endogeneity cannot...
Persistent link: https://www.econbiz.de/10005094269
between increase in minimum temperature and rice crops is suggested by natural science literature. We use Indonesia as a case …
Persistent link: https://www.econbiz.de/10010747225
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To …
Persistent link: https://www.econbiz.de/10010877822
between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology … and sheds light on the effects of productivity growth. On the basis of a Geometric Brownian motion, three different … productivity scenarios are considered (no growth, deterministic growth, uncertain growth) and opposed to each other. The …
Persistent link: https://www.econbiz.de/10008534026
Germany’s export market share increased since 2000, while most industrial countries experienced declines. This study …-shoring). An export model is estimated covering the period 1993–2005. The dominant factor explaining the increase in market share … are trade relationships with fast growing countries. Regionalized production in the export sector also played a part …
Persistent link: https://www.econbiz.de/10005406147
exogenous to firms’ export performance. We find that innovation attributable to this variation leads to an increase of roughly 7 … percentage points in the export share of German manufacturing firms. The evidence is robust to several alternative specifications …
Persistent link: https://www.econbiz.de/10005406266
, those with intermediate productivity will export, and those with higher productivity will choose fragmentation. Among the … elsewhere) can be used by multinational firms which have different productivity to serve the market abroad when product chains … abroad by either horizontal or vertical FDI. Upon opening a market to trade, firms with the lowest productivity will exit …
Persistent link: https://www.econbiz.de/10010652445
This paper decomposes the growth of China’s export into three parts: growth in the extensive margin, increased quantity … and increased prices; we perform a series of empirical analyses using China’s export data at HS-6 digit to analyze the … characteristics of China’s export growth. From 1995 to 2010, China’s export growth was mainly driven by quantity growth with a …
Persistent link: https://www.econbiz.de/10010660134
endogenous, the LNG export benefit can drop by as much as 20-50% relative to the case of exogenous cost. …
Persistent link: https://www.econbiz.de/10011185622