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This paper provides a general and unified framework to study the role of production networks in international GDP comovement. We first derive an additive decomposition of bilateral GDP comovement into components capturing shock transmission and shock correlation. We quantify this decomposition...
Persistent link: https://www.econbiz.de/10012479927
The location of US multinational foreign R&D has shifted significantly to include emerging markets in addition to traditional Western R&D hubs, resulting in two challenges for multinationals: (1) how to transfer knowledge across geographic distances, and (2) how to facilitate learning when local...
Persistent link: https://www.econbiz.de/10012453261
We organized business associations for the owner-managers of randomly selected young Chinese firms to study the effect of business networks on firm performance. We randomized 2,800 firms into small groups whose managers held monthly meetings for one year, and into a "no- meetings" control group....
Persistent link: https://www.econbiz.de/10012455729
production and the subsequent transition to higher value exporting in China. Using data covering the universe of registered firms …
Persistent link: https://www.econbiz.de/10014322864
We use firm-level data to identify financial frictions in China and explore the extent to which they can explain firms …
Persistent link: https://www.econbiz.de/10012453278
Persistent link: https://www.econbiz.de/10001791053
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their … between globalization and innovation does not differ across the manufacturing and service sectors …
Persistent link: https://www.econbiz.de/10012464166
. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …
Persistent link: https://www.econbiz.de/10012459252
globalization. Using this framework we discuss recent work on measuring the impact of various shocks firms face in the global …
Persistent link: https://www.econbiz.de/10012459354
evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across … 74 countries over the period 1989-2000, we find that Tobin's "q" does not rise after internationalization, even relative … to firms that do not internationalize. Instead, "q" rises significantly one year before internationalization and during …
Persistent link: https://www.econbiz.de/10010522397