Showing 1 - 10 of 58
EU's 2007 enlargement by Bulgaria and Romania is evaluated by applying a simple macroeconomic integration model able to encompass as many of the theoretically predicted integration effects possible. The direct integration effects of Bulgaria and Romania spill-over to EU15, including Austria and...
Persistent link: https://www.econbiz.de/10005146598
Trade economists have for long considered gravity models to estimate unexhausted potentials for bilateral trade. Similar to the discrepancy between "normal" and "actual" bilateral trade, one may ask the question about the difference between "normal" and actual bilateral multinational activity....
Persistent link: https://www.econbiz.de/10008477133
Mit einem umfassenden und in der Öffentlichkeit höchst umstrittenen Handels- und Investitionsabkommen (TTIP) wollen die EU und die USA die größte Freihandelszone der Welt errichten und damit Wachstum und Beschäftigung stimulieren. Zwar prognostizieren alle bisherigen TTIP-Studien positive...
Persistent link: https://www.econbiz.de/10011133732
In this article, a new composite globalisation index will be presented. With its 21 variables, it accounts for the … multidimensionality of this phenomenon instead of relying purely on economic indicators. As compared to other existing globalisation … indices, three major innovations are introduced in this New Globalisation Index (NGI). Firstly, five variables that have until …
Persistent link: https://www.econbiz.de/10008619339
The present paper aims to test the impact of incoming Foreign Direct Investment (FDI) on local wages in the Italian manufacturing sector by using firm level data from 2002 to 2007. Results initially show the lack of wage spillovers at both horizontal and vertical level, meaning that the effects...
Persistent link: https://www.econbiz.de/10010856785
We address the question of whether foreign aid helps attract foreign direct investment (FDI). This could be achieved if well targeted aid removed critical impediments to higher FDI inflows. In particular, we test the hypothesis that aid for education is an effective means to increase FDI flows...
Persistent link: https://www.econbiz.de/10010856797
Recent events emphasize the role of cross-border linkages between banking systems in transmitting local developments across national borders. This paper analyzes whether international linkages in interbank markets affect the stability of interconnected banking systems and channel financial...
Persistent link: https://www.econbiz.de/10010856799
Die vorliegende Studie untersucht die internationale Expansion der Pharmaindustrie in Österreich und stellt diese in den Kontext der zunehmenden weltwirtschaftlichen Verflech-tungen. Die Pharmaindustrie in Österreich besteht einerseits aus den Filialen einiger inter-national tätiger...
Persistent link: https://www.econbiz.de/10010856814
The aim of the paper is, firstly, to identify a number of strategies Swiss firms pursue by performing foreign R&D, expecting that firms, in many instances, are driven by a combination of several motives (mixed strategies). Secondly, we ask whether foreign and domestic R&D are substitutes or...
Persistent link: https://www.econbiz.de/10005357631
Advanced industrial countries have been exhibiting a steady decline of the labor income shares in the last two decades. We explain this phenomenon by resorting to the old Stolper-Samuelson theorem. The conclusions concerning the impact of free trade on the income distribution are unambiguous in...
Persistent link: https://www.econbiz.de/10005146603