Showing 1 - 10 of 102
The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these … trade occurs at any moment if the countries have different numbers of intermediate varieties. The country with a larger …
Persistent link: https://www.econbiz.de/10005670111
R&D spillovers as well. This paper analyzes empirically whether inward and outward foreign direct investment (FDI) work … as channels for international R&D spillovers. We utilize firm-level as well as industry-level data for Swedish … manufacturing in the analysis. We find no evidence of FDI-related R&D spillovers - neither at the firm-level nor at the industry …
Persistent link: https://www.econbiz.de/10005207055
reduced both through own investments and by spillovers from the competitor and these spillovers are decreasing in the distance …
Persistent link: https://www.econbiz.de/10010818535
Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The crisis has subsequently spread to the financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...
Persistent link: https://www.econbiz.de/10005245161
We analyze motivations for, and possible alternatives to, the Stability and Growth Pact (SGP). With regard to the former, we identify domestic policy failures and various cross-country spillover effects; with regard to the latter, we contrast an "economic-theory" perspective on optimal...
Persistent link: https://www.econbiz.de/10005419534
and improve productivity, as well as medium-term efforts, such as lowering corporate taxes. The paper elaborates on the …
Persistent link: https://www.econbiz.de/10005645346
This paper analyses the effects of price and market size variables on the investment propensities in the pulp and paper industry. A panel of 15 European countries in the time period 1984 - 1997 is used in the regression analysis. We find the wages, the US/ECU exchange rate, the price of paper...
Persistent link: https://www.econbiz.de/10005207063
-substituting trade regimes. …
Persistent link: https://www.econbiz.de/10005486487
In this paper we empirically test the role of firm-specific financial characteristics as drivers of international investment and production. We hypothesize that financial strength generates advantages that can be exploited through cross-border investment activity. The hypothesis is tested in a...
Persistent link: https://www.econbiz.de/10005645343
The process of globalization encompasses economic and financial integration. Abolition of capital controls and dismantling of barriers of different kinds are important ingredients of the process that will entirely change the exposure of previously sheltered companies to shocks on the global...
Persistent link: https://www.econbiz.de/10005645385