Showing 1 - 10 of 100
joint ventures in general and I have large effects on productivity especially when combined with a technology transfer … component.  We estimate that without International joint ventures China's growth would have been about one percentage point …
Persistent link: https://www.econbiz.de/10009650769
 because it would imply too high costs for fast growing economies like China.  To quantify these costs we develop a general …
Persistent link: https://www.econbiz.de/10011183195
The paper is concerned with foreign investment in developing countries and the incentives offered to attract that investment in relation to the use of a possible future multilateral investment agreement as a commitment device over incentive levels. The existing literature has identified two...
Persistent link: https://www.econbiz.de/10010604853
producers in terms of productivity.  They also tend to be larger, more capital intensive and more involved in international … trade.  Further, the findings indicate that foreign ownership leads to significant productivity improvements in the acquired … acquired plants exhibit a 13.5 percent higher productivity than the control group.  The rise in productivity is a result of …
Persistent link: https://www.econbiz.de/10004999234
This paper proposes a measure of financial fragility that is based on economic welfare in a general equilibrium model calibrated against UK data. The model comprises a household sector, three active heterogeneous banks, a central bank/regulator, incomplete markets, and endogenous default. We...
Persistent link: https://www.econbiz.de/10010661361
This paper extends the model proposed by Goodhart, Sunirand, and Tsomocos (2003, 2004a,b) to an infinite horizon setting. Thus, we are able to assess how the model conforms with the time series data of the U.K. banking system. We conclude that, since the model performs satisfactorily, it can be...
Persistent link: https://www.econbiz.de/10010661459
The objective of this paper is to propose a model to assess risk for banks. Its main innovation is to incorporate endogenous interaction between banks, recognising that the actual risk to which an individual bank is exposed also depends on its interaction with other banks and other private...
Persistent link: https://www.econbiz.de/10010820299
Information asymmetries constitute a significant obstacle to capital flows across international borders, and in particular to flows of foreign investment (FDI) to emerging markets.  Many governments aim to reduce information barriers by emerging in investment promotion activities.  Despite...
Persistent link: https://www.econbiz.de/10011004238
This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of listed-parent - listed-subsidiary pairs.  We find that improvements in the investment opportunities of parent firms have a negative effect on the investment of their...
Persistent link: https://www.econbiz.de/10011004467
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/10008800185