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This paper investigates to which extent outward foreign direct investment (FDI) affects domestic wages. We are first interested in the raw wage differential between multinational and domestic firms. Results reveal that multinational companies pay a wage premium to their employees, even within...
Persistent link: https://www.econbiz.de/10011220345
There are two main options for companies to serve foreign markets; exports and foreign direct investment (FDI). Based on the Helpman, Melitz and Yeaple (2004) model for two host countries this paper derives a clear theoretical prediction for the decision between both strategies. A bivariate...
Persistent link: https://www.econbiz.de/10005146596
as well as econometric evidence on these ‘export premia’ along these lines and further present a brief comparison with … industries with respect to the export premia which deserves further attention. …
Persistent link: https://www.econbiz.de/10008619349
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
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
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