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International R&D Spillovers in Transition Countries: The Impact of Trade and Foreign Direct Investment
Krammer, Marius Sorin - Institut für Weltwirtschaft (IfW) - 2008
While the economic theory predicts that developing countries will gain the most from technology spillovers, there have been only a few analyses looking at this question empirically. The present study focuses on a panel of 27 transition and 20 Western European countries between 1990 and 2006 and...
Persistent link: https://www.econbiz.de/10005755110
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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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Openness to international trade and economic growth: A cross-country empirical investigation
Ulaşan, Bülent - Institut für Weltwirtschaft (IfW) - 2012
In this paper, we revisit the empirical evidence on the relationship between trade openness and long-run economic growth over the sample period 1960-2000. In contrast to previous studies focusing mainly on the period 1970-1990, this paper reassesses the openness-growth nexus over a much longer...
Persistent link: https://www.econbiz.de/10010983169
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Does inflation harm corporate investment? Empirical evidence from OECD countries
Ciżkowicz, Piotr; Rzońca, Andrzej - Institut für Weltwirtschaft (IfW) - 2012
Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … relationship: marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent. These results …
Persistent link: https://www.econbiz.de/10010983175
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Income and Democracy. A Comment on Acemoglu, Johnson, Robinson, and Yared (2008)
Gundlach, Erich; Paldam, Martin - Institut für Weltwirtschaft (IfW) - 2008
Acemoglu, Johnson, Robinson, and Yared (2008) demonstrate that estimation of the standard adjustment model with country-fixed and time-fixed effects removes the statistical significance of income as a causal factor of democracy. We argue that their empirical approach must produce insignificant...
Persistent link: https://www.econbiz.de/10005566182
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Driving Forces of Venture Capital Investments in Europe: A Dynamic Panel Data Analysis
Schertler, Andrea - Institut für Weltwirtschaft (IfW) - 2003
Using dynamic panel estimations, this paper identifies driving forces of venture capital activity for Western European countries. Driving forces might be the liquidity of stock markets, human capital endowment, and labour market rigidities. The paper shows that these factors do not affect...
Persistent link: https://www.econbiz.de/10005755204
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The Effects of Greenfield FDI and Cross-border M&As on Total Factor Productivity
Ashraf, Ayesha; Herzer, Dierk; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2014
Based on original survey data, this paper analyses and compares the role of personal traits and social capital in determining entrepreneurial intentions of students in Hong Kong and in Guangzhou (mainland China). The two cities are culturally closely related but differ strongly with respect to...
Persistent link: https://www.econbiz.de/10010886865
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Boats and tides and "Trickle Down" theories: What economists presume about wellbeing when they employ stochastic process theory in modeling behavior
Anderson, Gordon - Institut für Weltwirtschaft (IfW) - 2012
Aphorisms that "Rising tides raise all boats" or that material advances of the rich eventually "Trickle Down" to the poor are really maxims regarding the nature of stochastic processes that underlay the income/wellbeing paths of groups of individuals. This paper looks at the implications for the...
Persistent link: https://www.econbiz.de/10010956065
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The New Growth Theories and Their Empirics after Twenty Years
Capolupo, Rosa - Institut für Weltwirtschaft (IfW) - 2008
In this work we update the reviews on endogenous growth theories, after two decades of theoretical and empirical contributions in order to explore whether recent empirical studies have become more supportive of their main predictions. Among the core topics studied in the growth econometric...
Persistent link: https://www.econbiz.de/10005083353
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Testing growth theories: Time series evidence
Gundlach, Erich - Institut für Weltwirtschaft (IfW) - 1992
Recent time series studies reject the hypothesis of catching up in terms of international per capita incomes as derived from the traditional neoclassical growth model. In turn, they seem to support new theories of economic growth which are capable of explaining persistent international...
Persistent link: https://www.econbiz.de/10009367367