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Vying for Foreign Direct Investment : A EU-type Model of Tax Competition

Razin, Assaf - 2006

This paper brings out the special mechanism through which taxes influence bilateral FDI, when investment decisions are two-fold in the presence of fixed setup flows costs. For each pair of source-host countries, there is a set of factors determining whether aggregate FDI flows will occur at all,...

Persistent link: https://www.econbiz.de/10012466680

Differences and changes in wage structures

Freeman, Richard B. (contributor); Freeman, Richard B. (ed.) - 1995

Persistent link: https://www.econbiz.de/10013480845

Relational Investing : The Worker's Perspective

Lazear, Edward P. - 1996

Workers who hold a firm's stock make decisions other than those that pure capital owners would make, but there exist institutions and compensation packages that will generally lead workers to favor efficient firm decisions. Workers care about their firm-specific rents and may seek shares in...

Persistent link: https://www.econbiz.de/10012473428

Liquidity, Institutional Quality and the Composition of International Equity Flows

Goldstein, Itay - 2010

liquidity shocks, the liquidation price they can get will be lower when buyers know that they have more information on … expectation of future liquidity problems export relatively more FPI than FDI, and (2) this effect strengthens as the source … source countries from 1985 to 2004. Our key variable is the predicted severity of liquidity shock, as proxied by episodes of …

Persistent link: https://www.econbiz.de/10012462924

Liquidity, Institutional Quality and the Composition of International Equity Outflows

Goldstein, Itay - 2008

country. Based on a theoretical model, we predict that (1) source countries with higher probability of aggregate liquidity … 140 source countries from 1985 to 2004. Our key variable is the probability of an aggregate liquidity crisis, estimated … that the probability of a liquidity crisis has a strong effect on the composition of foreign equity investment. Furthermore …

Persistent link: https://www.econbiz.de/10012464879

A Brazilian Debt-Crisis Model

Razin, Assaf - 2002

We develop a model that captures important features of debt crises of the Brazilian type. Its applicability to Brazil lies in the fact that (1) in Brazil the macro fundamentals were sound (e.g., a primary surplus, a relatively low debt/GDP ratio, etc.); and (2) in the Brazilian case the trigger...

Persistent link: https://www.econbiz.de/10012469498

A Brazilian Debt-Crisis

Razin, Assaf - 2002

We develop a stylised model of multiple equilibria, with country risk spreads at the focus of the analysis. Fears that the country default on its debt triggers a reversal in the direction of inflows of international financial capital raise interest-rate spreads and thus the cost of servicing the...

Persistent link: https://www.econbiz.de/10012469550

Do Unions Make Enterprises Insolvent?

Freeman, Richard B. - 1994

This study investigates the impact of unionization and firm, business line, or establishment survival. A consistent empirical finding is that unions raise wages above those found in nonunion firms, and that in a competitive product market one would expect to find that unionized firms would go...

Persistent link: https://www.econbiz.de/10012474123

Fiscal Policies and Real Exchange Rates in the World Economy

Frenkel, Jacob A. - 1986

This paper examines the effects of fiscal policies on the evolution of real rates of interest and real exchange rates in the interdependent world economy. We construct an analytical framework suitable for a detailed examination of the various channels through which these variables are influenced...

Persistent link: https://www.econbiz.de/10012477004

The International Transmission and Effects of Fiscal Policies

Frenkel, Jacob A. - 1986

In recent years the world economy has been subject to large and unsyncronized changes in fiscal policies, high and volatile real rates of tnterest, large fluctuations in real exchange rates, and significant variations in private-sector spending. This paper reviews some of the key facts...

Persistent link: https://www.econbiz.de/10012477278