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Quantifying Productivity Gains from Foreign Investment
Fons-Rosen, Christian; Kalemli-Ozcan, Sebnem; Sorensen, … - Tinbergen Instituut - 2013
We quantify the causal effect of foreign investment on total factor productivity (TFP) using a new global firm-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and industrial investors and simultaneously controlling...
Persistent link: https://www.econbiz.de/10011256053
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The Trade and FDI Effects of EMU Enlargement
Brouwer, Jelle; Paap, Richard; Viaene, Jean-Marie - Tinbergen Instituut - 2007
This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the … and the distribution of outward FDI stocks among these countries. The results reveal a complementarity between trade and …. Using a simulation-based technique, we find that estimates of FDI effects of EMU range between 18.5% for Poland and 30% for …
Persistent link: https://www.econbiz.de/10011257592
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The Trade-Off between Foreign Direct Investments and Exports: The Role of Multiple Dimensions of Distance
Lankhuizen, Maureen; Groot, Henri L.F. de; Linders, … - Tinbergen Instituut - 2009
Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between … empirically the effect of different dimensions of distance on the choice between exports and FDI. We find that different … dimensions of distance affect exports and FDI differently. There is clear evidence of a proximity-concentration trade-off in …
Persistent link: https://www.econbiz.de/10011256176
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Horizontal Multinational Firms, Vertical Multinational Firms and Domestic Investment
Namini, Julian Emami; Pennings, Enrico - Tinbergen Instituut - 2009
We build a dynamic general equilibrium model with 2 countries, horizontal and vertical multinational activity and endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary relationship between domestic and foreign investment....
Persistent link: https://www.econbiz.de/10011256272
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Product Heterogeneity, Intangible Barriers and Distance Decay: The Effect of Multiple Dimensions of Distance on Trade across Different Product Categories
Lankhuizen, Maureen B.M.; Graaff, Thomas de; Groot, … - Tinbergen Instituut - 2012
We empirically examine the heterogeneity in the effects of multiple dimensions of distance on trade across detailed product groups. Using finite mixture modeling on bilateral trade data at the 3-digit SITC level, we endogenously group product categories into an, a priori unknown, number of...
Persistent link: https://www.econbiz.de/10011256864
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The Tax Treatment of Interest Expenditures of Multinational Enterprises
Ossokina, Joulia; Vollebergh, Herman - Tinbergen Instituut - 2000
This paper analyses the national tax treatment of interestexpenditures of multinational enterprises in a non-cooperative world. It is shown that the international tax systemgenerally leads to distortions in the capitaldecisions of multinational firms. In contrast to the existingliterature on the...
Persistent link: https://www.econbiz.de/10011257372
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Determinants of the Regional Demand for Higher Education
Sá, Carla; Florax, Raymond J.G.M.; Rietveld, Piet - Tinbergen Instituut - 2003
Studies on the determinants of the demand for higher education typically emphasizethe relevance of socio-economic factors, but leave the spatial dimensions of the prospectivestudents’ university choices largely unexplored. In this study, we investigate the determinantsof university entrance...
Persistent link: https://www.econbiz.de/10011255580
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The Importance of Accounting for Time Trends when Estimating the Euro Effect on Trade
Bun, Maurice J.G.; Klaassen, Franc J.G.M. - Tinbergen Instituut - 2003
To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...
Persistent link: https://www.econbiz.de/10011255682
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Why do OECD-Countries trade more?
Groot, Henri L.F. de; Linders, Gert-Jan; Rietveld, Piet - Tinbergen Instituut - 2003
Ineffective institutions increase transaction costs and reduce trade. This paper shows that differences in the effectiveness of institutions offer an explanation for the tendency of OECD countries to trade disproportionately with each other, and with non-OECD countries.
Persistent link: https://www.econbiz.de/10011255819
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Estimation of the Gravity Equation in the Presence of Zero Flows
Linders, Gert-Jan M.; Groot, Henri L.F. de - Tinbergen Instituut - 2006
The gravity model is the workhorse model to describe and explain variation in bilateral trade patterns. Consistent with both Heckscher-Ohlin models and models of imperfect competition and trade, this versatile model has proven to be very successful, explaining a large part of the variance in...
Persistent link: https://www.econbiz.de/10011256034