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Cross-Border Mergers and Greenfield Foreign Direct Investment
Stepanok, Ignat - Institut für Weltwirtschaft (IfW) - 2012
I present a model of international trade and foreign direct investment (FDI), where FDI is comprised of greenfield FDI … model greenfield investors as the more productive group relative to M&A firms, which are in turn more productive than … exporters. The model has two symmetric countries and generates two-way flows of both M&A and greenfield FDI. Greater proximity …
Persistent link: https://www.econbiz.de/10010887012
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Do Multinational Enterprises Contribute to Convergence or Divergence? A Disaggregated Analysis of US FDI
Mayer-Foulkes, David; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2005
It is a widely held belief that foreign direct investment (FDI) has a positive effect on economic growth. We test this hypothesis by performing convergence regressions derived from a model of endogenous technological change. We estimate the rate of growth in per-capita income, relative to the...
Persistent link: https://www.econbiz.de/10010886931
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Do large recessions reduce output permanently?
Hosseinkouchack, Mehdi; Wolters, Maik - Institut für Weltwirtschaft (IfW) - 2012
The slow recovery following the 2008/2009 recession has led to renewed interest in the question whether deep recessions lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile autoregression unit root test we check whether shocks to real GDP...
Persistent link: https://www.econbiz.de/10010886932
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Superstatistics of Labour Productivity in Manufacturing and Nonmanufacturing Sectors
Ikeda, Yuichi; Fujiwara, Yoshi; Aoyama, Hideaki; … - Institut für Weltwirtschaft (IfW) - 2008
Labour productivity distribution (dispersion) is studied both theoretically and empirically. Superstatistics is presented as a natural theoretical framework for productivity. The demand index ê is proposed within this framework as a new business index. Japanese productivity data covering...
Persistent link: https://www.econbiz.de/10005083398
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Cross-country growth empirics and model uncertainty: An overview
Ulaşan, Bülent - Institut für Weltwirtschaft (IfW) - 2011
The aim of this paper is to provide an overview of empirical cross-country growth literature. The paper begins with describing the basic framework used in recent empirical cross-country growth research. Even though this literature was mainly inspired by endogenous growth theories, the...
Persistent link: https://www.econbiz.de/10009294882
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Die andere Seite Chinas: Strukturprobleme, Reformdefizite und verzögerte Aufholprozesse im chinesischen Binnenland
Raiser, Martin; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 1997
Persistent link: https://www.econbiz.de/10009276152
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Gibt es auf lange Sicht eine internationale Konvergenz der Pro-Kopf-Einkommen?
Paqué, Karl-Heinz - Institut für Weltwirtschaft (IfW) - 1995
This paper is a preliminary appraisal ofthe stylised facts and the major open questions - both methodological and Substantive - that have emerged in the empirical literature on international per-capita income and productivity convergence. On basis of various distinctivc lines of reasoning, it is...
Persistent link: https://www.econbiz.de/10009277800
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Contribution of health to economic development: a survey and overview
Husain, Muhammad Jami - Institut für Weltwirtschaft (IfW) - 2009
The policies for better health, poverty reduction, and less inequality, throughout the world, require thorough understanding of both the processes and causal paths that underlie the intricate relationship between health and wealth (income). This is deemed difficult, contingent, and only...
Persistent link: https://www.econbiz.de/10005103349
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The endogeneity of the natural rate of growth: An alternative approach
Senay, Acikgöz; Mert, Merter - Institut für Weltwirtschaft (IfW) - 2015
This study estimates and tests the endogeneity of the natural rate of growth using the balance-of-payments consistent rate of growth (BPCRG) instead of the actual rate of growth. Our approach is also theoretically compatible with the one proposed by Thirlwall (2001). Following this idea, we...
Persistent link: https://www.econbiz.de/10011122551
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Effects of intellectual property rights protection and integration on economic growth and welfare
Lai, Chung-hui; Wang, Vey - Institut für Weltwirtschaft (IfW) - 2015
The protection of intellectual property rights (IPR) and the distribution of rent are central issues in R&D-based growth models with the return to innovation serving as the engine of growth. In this paper the authors consider the strength of the intellectual property rights and franchise...
Persistent link: https://www.econbiz.de/10011122552