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Taxation, Business Environment and FDI Location in OECD Countries
Hajkova, Dana; Nicoletti, Giuseppe; Vartia, Laura; Yoo, … - Economics Department, Organisation de Coopération et … - 2006
This paper assesses the importance of taxation on foreign direct investment contributing to the literature in two ways. First, it relates bilateral FDI among OECD countries over the 1990s to a new set of estimates of corporate tax wedges that include many relevant aspects of FDI taxation....
Persistent link: https://www.econbiz.de/10005045668
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Policies and International Integration: Influences on Trade and Foreign Direct Investment
Nicoletti, Giuseppe; Golub, Steve; Hajkova, Dana; … - Economics Department, Organisation de Coopération et … - 2003
This paper assesses the importance of border and non-border policies for global economic integration. The focus is on four widely-advocated policies: removing explicit restrictions to trade and FDI; promoting domestic competition; improving the adaptability of labour markets; and ensuring...
Persistent link: https://www.econbiz.de/10005045755
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Regulation and Economic Performance: Product Market Reforms and Productivity in the OECD
Nicoletti, Giuseppe; Scarpetta, Stefano - Economics Department, Organisation de Coopération et … - 2005
This paper assesses the implications of past and ongoing reforms in OECD product markets for the labour productivity gap, a key component of cross-country differences in GDP per capita. After a brief review of the theoretical literature, we bring together the results obtained in some of our...
Persistent link: https://www.econbiz.de/10005046110
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Environmental Policy and the Location of Foreign Direct Investment in China.
Ljungwall, Christer; Linde-Rahr, Martin - East Asian Bureau of Economic Research (EABER) - 2005
This paper introduces an environmental policy variable, i.e. the provincial pollution levy paid by an average firm, and measure its impact on the foreign investors' location decisions over the 1987 to 1998 period. We argue that less developed regions in China are more inclined to sacrifice...
Persistent link: https://www.econbiz.de/10009365057
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Instrumental Variable Quantile Estimation of Spatial Autoregressive Models
Su, Liangjun; Yang, Zhenlin - East Asian Bureau of Economic Research (EABER) - 2007
the GMM estimators of Lin and Lee (2006) and Kelejian and Prucha (2006), the IVQR estimator is robust against … heteroscedasticity. Unlike the GMM estimators, the IVQR estimator is also robust against outliers and requires weaker moment conditions … conventional QML estimator without taking into account of heteroscedasticity in the errors; it also outperforms the GMM estimators …
Persistent link: https://www.econbiz.de/10009365175
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Spatial-Temporal Dimensions of Efficiency among Electric Cooperatives in the Philippines
Lavado, Rouselle F.; Barrios, Erniel B. - East Asian Bureau of Economic Research (EABER) - 2008
The efficiency of 119 electric cooperatives in the Philippines from 1990-2002 is analyzed using a stochastic frontier model augmented with spatial-temporal terms, addressing the underestimation of technical efficiency usually encountered among maximum-likelihood based methods. The model is also...
Persistent link: https://www.econbiz.de/10009365176
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Asymptotics and Bootstrap for Transformed Panel Data Regressions
Su, Liangjun; Yang, Zhenlin - East Asian Bureau of Economic Research (EABER) - 2008
This paper investigates the asymptotic properties of quasi-maximum likelihood estimators for transformed random effects models where both the response and (some of) the covariates are subject to transformations for inducing normality, flexible functional form, homoscedasticity, and simple model...
Persistent link: https://www.econbiz.de/10009365235
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Cross-Border M&A Inflows and the Quality of Institutions : A Cross-Country Panel Data Analysis
Hur, Jung; Parinduri, Rasyad A.; Riyanto, Yohanes E. - East Asian Bureau of Economic Research (EABER) - 2007
This paper provides an empirical explanation to the observed disparity in cross-border M&A inflows to developing and developed countries over the last two decades. We show two main results. First, the disparity can be attributed to the difference in the quality of institutions between the two...
Persistent link: https://www.econbiz.de/10009363751
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Post-Crisis Changes in Banking and Corporate Landscapes: The Case of Thailand
Molnár, Margit - Economics Department, Organisation de Coopération et … - 2003
This study investigates the relative importance of factors shaping banking and corporate landscapes in Thailand after 1997 through an empirical analysis of micro-data of Thai banks and firms. The results of the analysis of the bank data show that the deceleration of bank credit growth is mainly...
Persistent link: https://www.econbiz.de/10005045673
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Product Market Regulation and Wage Premia in Europe and North America: An Empirical Investigation
Jean, Sébastien; Nicoletti, Giuseppe - Economics Department, Organisation de Coopération et … - 2002
Using new cross-country data on industry-specific product market regulations, this paper investigates the relationship between wage premia and some of the policy determinants of product market rents. Hourly wage premia in 2-digit manufacturing and non-manufacturing industries are estimated from...
Persistent link: https://www.econbiz.de/10005045855