Showing 1 - 10 of 81
import-driven convergence and no robust difference between imports of intermediate and investment goods. Accordingly, trade … helps emerging economies follow a 'green growth' path, and trade-related policies can enhance this path. However, the … effects are economically small and require a long time horizon to become effective. Trade-related policies can become much …
Persistent link: https://www.econbiz.de/10010985637
We hypothesize that North-South trade is associated with knowledge spillovers that create labor productivity gains … the South-North gap in labor intensities within a couple of decades if it were solely achieved through the trade channel. …
Persistent link: https://www.econbiz.de/10010985713
Despite the continuing political interest in the usefulness of tax competition and tax coordination as well as the wealth of theoretical analyses, it still remains open whether or when tax competition is harmful. Moreover, the influence of tax differentials on multinationals' decisions is still...
Persistent link: https://www.econbiz.de/10005097490
In diesem Beitrag wird der Einfluß der Strucktur kollektiver Lohnverhandlungen auf ausfließende Direktinvestitionen analysiert. Verwendet werden Daten von 19 OECD-Ländern für die Jahre 1980, 1990 und 1994. Der Zentralisations- und der Koordinationsgrad der Lohnverhandlungen haben einen...
Persistent link: https://www.econbiz.de/10005098439
The change in the business model of venture capitalists from investing locally towards investing across borders started to intensify in the late 1990s. According to a dataset of European and North-American countries, we find that countries with higher expected growth and higher lagged stock...
Persistent link: https://www.econbiz.de/10008479054
Cross-border investments represent a substantial share of venture capital activities. We use a new and comprehensive dataset on worldwide investments to analyze the internationalization of venture capital financing. Our results from the perspectives of (i) venture capitalists, (ii) portfolio...
Persistent link: https://www.econbiz.de/10008533677
Cross-border private equity deals have increased substantially in recent years. This study looks at the issue of how European investors view their local counterparts in the portfolio companies? home countries. If they regard them as rivals, they will target countries that lack a private equity...
Persistent link: https://www.econbiz.de/10005097500
This paper tests some of the predictions of recent advances in trade theory that have focused on different trade …
Persistent link: https://www.econbiz.de/10005097979
Capital mobility is helpful to cope with the loss of adjustment instruments in EMU. High capital mobility in the sense of Feldstein and Horioka (FH) can limit the negative consequences of shocks affecting the saving capacity of an economy in the Eurozone. It is the aim of this paper to assess...
Persistent link: https://www.econbiz.de/10005098044
This paper investigates whether the size of multinationals? real investments in a high-tax country is affected by profit shifting activities. A simple theoretical analysis shows that tax rates abroad impact the cost of capital in the presence of profit shifting activities of multinational...
Persistent link: https://www.econbiz.de/10005098280