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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
We study the relation between the off-shoring of intermediates and services and productivity growth in the Italian … off-shoring”) is beneficial for productivity growth, while the off-shoring of services is not. We also find that the way … manufacturing industries in 1995-2003. Our results indicate that the off-shoring of intermediates within the same industry (“narrow …
Persistent link: https://www.econbiz.de/10005181530
inherent in growth regressions. IBMA is essential to our estimation because the simultaneous consideration of model uncertainty …
Persistent link: https://www.econbiz.de/10005094478
The EU’s cohesion policy should now be confluent with the goals of the Lisbon strategy by promoting growth and employment. In this context, the promotion of a concept called regional innovation system has recently become important in the EU for guaranteeing long-term regional economic growth....
Persistent link: https://www.econbiz.de/10009293488
We use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of 255 European regions in the 1995-2005 period. We use three different specifications based on (1) the cross-section of regions, (2) the cross-section of regions with country...
Persistent link: https://www.econbiz.de/10005094484
After the eastern enlargement of the European Union due to increasing labor market integration, wage determination and monetary integration in Central and Eastern Europe have become key issues in European economic policy making. Based on the Scandinavian model of wage adjustment by Lindbeck...
Persistent link: https://www.econbiz.de/10005766137
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...
Persistent link: https://www.econbiz.de/10010757725
estimation methods in small samples. As an empirical illustration, we also apply them to the evaluation of the impact on local …
Persistent link: https://www.econbiz.de/10011082836
This paper investigates the role of economic and political volatility in the process of corporate tax-rate determination. The article is based on a theoretical framework that allows for the ability of multinational firms to choose the optimal timing of foreign investment and to shift profits by...
Persistent link: https://www.econbiz.de/10005094486
Recent research in international economics highlights the role of interdependencies of investment decisions and sales of multinational firms. Previous work focused on and provided evidence for aggregate flows or stocks of foreign direct investment, showing that interdependence declines in...
Persistent link: https://www.econbiz.de/10005196195