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This paper investigates the transmission mechanisms of noise and volatility between economies through trade links, and the effects of synchronization on business cycles. We investigate the transmission of outside noise and the fluctuations that the noise generates. We identify conditions under...
Persistent link: https://www.econbiz.de/10005119350
Our paper decomposes knowledge-diffusing trade flows and estimates their impacts separately. Overall, trade generates positive knowledge spillovers, but the effects of intra-industry trade are ambiguous. With regard to sectoral import penetration, we find that potential positive spillovers are...
Persistent link: https://www.econbiz.de/10005408066
This paper investigates the productivity effects of inward and outward foreign direct investment using industry and … country level data for 17 OECD countries. The paper relates to a large recent literature on productivity spillovers from … inward FDI, however, we also consider the relationship between productivity and outward FDI in the same estimation. Our …
Persistent link: https://www.econbiz.de/10005556462