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Subsidizing National Champions: An Evolutionary Perspective

Aubert, Cécile; Falck, Oliver; Heblich, Stephan - CESifo - 2008

A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...

Persistent link: https://www.econbiz.de/10005094474

Employee Spinouts, Social Networks, and Family Firms

Rauch, James E. - CESifo - 2013

Recently collected data show that, within any manufacturing industry, vertically integrated firms tend to have larger, higher productivity plants, account for the bulk of sales, and also sell externally most of the inputs they produce. In a weak contracting environment characteristic of...

Persistent link: https://www.econbiz.de/10010723536

A Touch of Sophistication: FDI and Unit Values of Exports

Harding, Torfinn; Javorcik, Beata Smarzynska - CESifo - 2009

The debate on trade and growth increasingly focuses on the composition of exports. Exports of more “sophisticated” products appear to be positively correlated with growth, and upgrading the quality of exports is high on the policy agenda of many countries. This study presents evidence...

Persistent link: https://www.econbiz.de/10008572518

The Empirics of China's Outward Direct Investment

Cheung, Yin-Wong; Qian, Xingwang - CESifo - 2009

We investigate the empirical determinants of China’s outward direct investment (ODI). It is found that China’s investments in developed and developing countries are driven by different sets of factors. Subject to the differences between developed and developing countries, there is evidence...

Persistent link: https://www.econbiz.de/10005000386

Political Institutions and Government Spending Behavior in Iran

Dizaji, Sajjad Faraji; Farzanegan, Mohammad Reza - CESifo - 2014

This study examines how quality of political institutions affects the distribution of government budget and how development of government spending in major sections shapes the political institutions in Iran. This question has become especially important due to recent international sanctions,...

Persistent link: https://www.econbiz.de/10010739347

The Twin Effects of Globalization - Evidence from a Sample of Indian Manufacturing Firms

Daveri, Francesco; Manasse, Paolo; Serra, Danila - CESifo - 2010

Employees of globalized firms face a riskier menu of labor market outcomes. They face a more uncertain stream of earnings and riskier employment prospects. However, they may also have stronger incentives to train and upgrade their skills and/or may benefit from more rapid careers. Hence, the...

Persistent link: https://www.econbiz.de/10008671733

Role of Production Networks in Sustaining and Rebalancing Asia's Growth

Thorbecke, Willem; Bhattacharyay, Biswa N. - CESifo - 2012

economic growth in East Asia. Developed Asia produces technology-intensive intermediate goods and capital goods and ships them …, the ability of the rest of the world to absorb Asia’s exports has decreased. Export production in some Asian countries has … production networks in Asia. It then discusses how developing Asian countries could leverage production networks to facilitate …

Persistent link: https://www.econbiz.de/10010561496

The Theory of the Firm Goes Global

Marin, Dalia - CESifo - 2013

What insights can be gained from bringing the theory of the firm to the global economy? I discuss several new features of the world economy that can be explained by incorporating the theory of the firm into the theory of international trade. Among the new features I discuss are the move to...

Persistent link: https://www.econbiz.de/10010877726

Financial Constraints and Moral Hazard: The Case of Franchising

Fan, Ying; Kühn, Kai-Uwe; Lafontaine, Francine - CESifo - 2013

Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...

Persistent link: https://www.econbiz.de/10010877784

Firm Reputation and Incentives to "Milk" Pending Patents

Koenen, Johannes; Peitz, Martin - CESifo - 2013

In this paper we develop a theory of patenting in which a firm preserves its reputation to only apply for a patent whenever a truly patentable idea has been generated. Firms have a short-run incentive to deviate and receive additional rents from unworthy pending patents, as well as potential...

Persistent link: https://www.econbiz.de/10010877828