Showing 1 - 10 of 342
The crisis on international financial markets that started in 2007 has shown the potential links between the financial sector and the real economy. Exports and foreign direct investment (FDI) have declined, presumably not only because of a lack of demand, but also because of restricted access of...
Persistent link: https://www.econbiz.de/10008468589
Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross …
Persistent link: https://www.econbiz.de/10008528519
This paper examines how international flows of technological knowledge affect economic performance across industries and firms in different countries. Motivated by the large share of the world's technology investments made by firms that are active across borders, we focus on international trade...
Persistent link: https://www.econbiz.de/10008577803
How large are spatial barriers to transferring knowledge? We analyze the international operations of multinational firms to answer this fundamental question. In our model firms can transfer bits of knowledge to their foreign a¢ liates in either embodied (traded intermediates) or disembodied...
Persistent link: https://www.econbiz.de/10008558594
We explore the impact of European monetary union (EMU) on the economies of the member countries. While the annual dispersion in inflation rates have not been much different to the variation across US regions, inflation differentials in the euro area have been much more persistent, such that...
Persistent link: https://www.econbiz.de/10005791619
New developments in the world economy have triggered research designed to better understand the changes in trade and investment patterns, and the reorganization of production across national borders. Although traditional trade theory has much to offer in explaining parts of this puzzle, other...
Persistent link: https://www.econbiz.de/10005791842
We survey theoretical developments in the literature on the limits of arbitrage. This literature investigates how costs faced by arbitrageurs can prevent them from eliminating mispricings and providing liquidity to other investors. Research in this area is currently evolving into a broader...
Persistent link: https://www.econbiz.de/10008530340
paper estimates the effects of offshoring on productivity in US manufacturing industries between 1992 and 2000, using … significant positive effect on productivity in the US, accounting for around 11% of productivity growth during this period …. Offshoring material inputs also has a positive effect on productivity, but the magnitude is smaller accounting for approximately …
Persistent link: https://www.econbiz.de/10005124479
We study the role of productivity and corporate taxation as driving forces of FDI among OECD countries in the presence …, suggest that there are marked differences in the sensitivity of FDI flows from the U.S. to productivity and taxes in OECD … FDI flows among 18 OECD countries over the period 1987 to 2003.The sensitivity of these flows to productivity in the U …
Persistent link: https://www.econbiz.de/10005114202
Foreign-owned firms are often hypothesized to generate productivity “spillovers” to the host country, but both …-ante identical workers learn from their employers in proportion to the firm’s productivity. Foreign-owned firms have, on average …, higher productivity in equilibrium due to entry costs, which means that low-productivity foreign firms cannot enter. Foreign …
Persistent link: https://www.econbiz.de/10005792490