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Growth, Foreign Direct Investment and Urban Concentrations: Unbundling Spatial Lags
Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2008
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we provide detailed evidence on the determinants of outward FDI...
Persistent link: https://www.econbiz.de/10005765950
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International Trade, Risk and the Role of Banks
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - CESifo - 2014
Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting. This paper employs two new data sets to shed light on the magnitude and structure of this business, which, as we show, is highly concentrated in a few large banks. The two...
Persistent link: https://www.econbiz.de/10010948821
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No Guarantees, No Trade: How Banks Affect Export Patterns
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - CESifo - 2014
This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The identification strategy exploits variation in the importance of banks as providers of letters of credit across countries. The larger a U.S. bank’s share of the trade finance market...
Persistent link: https://www.econbiz.de/10010948822
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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 …
Persistent link: https://www.econbiz.de/10009325809
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U.S. Multinationals and Preferential Market Access
Blanchard, Emily; Matschke, Xenia - CESifo - 2012
equations approaches to address the likely endogeneity of export-oriented foreign investment, we find that each $1 billion in U …
Persistent link: https://www.econbiz.de/10010553272
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Margins of Multinational Labor Substitution
Muendler, Marc-Andreas; Becker, Sascha O. - CESifo - 2006
Multinational labor demand responds to wage differentials at the extensive margin, when a multinational enterprise (MNE) expands into foreign locations, and at the intensive margin, when an MNE operates existing affiliates across locations. We derive conditions for parametric and nonparametric...
Persistent link: https://www.econbiz.de/10005766025
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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
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The Economics of a Multilateral Investment Agreement
Che, Jiahua; Willmann, Gerald - CESifo - 2009
This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can … invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by … less FDI. Our results explain the stylized fact that a multilateral investment agreement was opposed by least developed …
Persistent link: https://www.econbiz.de/10005766152
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Uncertain Productivity Growth and the Choice between FDI and Export
Yalcin, Erdal - CESifo - 2009
The underlying model analyzes the first time foreign market entry decision of a representative investor who can choose 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...
Persistent link: https://www.econbiz.de/10008534026
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FDI and Taxation: A Meta-Study
Feld, Lars P.; Heckemeyer, Jost Henrich - CESifo - 2009
Despite the continuing political interest in the usefulness of tax competition and tax coordination as well as the wealth of theoretical analyses, it still remains open whether or when tax competition is harmful. Moreover, the influence of tax differentials on multinationals’ decisions is...
Persistent link: https://www.econbiz.de/10005094318