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Fixed Costs and FDI: The Conflicting Effects of Productivity Shocks

Razin, Assaf; Rubinstein, Yona; Sadka, Efraim - C.E.P.R. Discussion Papers - 2004

The Paper develops a model with lumpy setup costs of new investment, which govern the flows of FDI. Foreign investment decisions are two-fold: whether to export FDI and, if so, how much. The first decision is governed by total profitability considerations, whereas the second is governed by...

Persistent link: https://www.econbiz.de/10005124221

The Geography of Multi-Speed Europe

Martin, Philippe; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 1995

This paper describes the possible impact of multi-speed integration on the location of economic activities in Europe … lower income. We analyse the effect of different integration sequences on industrial location and convergence during the … differentials at the time of integration are the main determinant of industry location. A long transition period may then be called …

Persistent link: https://www.econbiz.de/10005497760

Cash Flow Taxes in an Open Economy

Bond, Stephen Roy; Devereux, Michael P. - C.E.P.R. Discussion Papers - 2002

source basis. We explore two alternatives, based on the location of consumption, rather than production – destination … to their impact on location decisions and domestic welfare. …

Persistent link: https://www.econbiz.de/10005124352

Multinational Enterprises and New Trade Theory: Evidence for the Convergence Hypothesis

Barrios, Salvador; Görg, Holger; Strobl, Eric - C.E.P.R. Discussion Papers - 2001

According to the ‘convergence hypothesis’, multinational companies will tend to displace national firms and trade as total market size increases and as countries converge in relative size, factor endowments, and production costs. Using a recent model developed by Markusen and Venables (1998)...

Persistent link: https://www.econbiz.de/10005504219

Euros and Zeros: The Common Currency Effect on Trade in New Goods

Baldwin, Richard; Di Nino, Virginia - C.E.P.R. Discussion Papers - 2006

This paper tests whether trade in new goods is partially responsible for the pro-trade effects of the euro and provides a measure of the size of the effect. It works with a very large data set (about 16 million observations) covering twenty countries at the most disaggregated level of trade data...

Persistent link: https://www.econbiz.de/10005504243

Risk Sharing and Industrial Specialization: Regional and International Evidence

Sørensen, Bent E; Yosha, Oved - C.E.P.R. Discussion Papers - 1999

We provide empirical evidence that risk sharing enhances specialization in production. To the best of our knowledge, this well-established and important theoretical proposition has not been tested before. Our empirical procedure is summarized as follows. First, we construct a measure of...

Persistent link: https://www.econbiz.de/10005504254

FDI and Domestic Investment: An Industry-Level View

Arndt, Christian; Buch, Claudia M.; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2007

Previous empirical work on the link between domestic and foreign investment provides mixed results which partly depend on the level of aggregation of the data. We argue that the aggregated home country implications of foreign direct investment (FDI) cannot be gauged using firm-level data....

Persistent link: https://www.econbiz.de/10005504317

Weightless Machines and Costless Knowledge: An Empirical Analysis of Trade and Technology Diffusion

Barba Navaretti, Giorgio; Soloaga, Isidro - C.E.P.R. Discussion Papers - 2002

This Paper examines the impact of imported technologies on productivity for a sample of developing and transition countries in Central and Eastern Europe and in the Southern Mediterranean. These economies are getting more and more integrated to the European Union. The Paper departs from earlier...

Persistent link: https://www.econbiz.de/10005504405

Technology Transfer and Spillovers in International Joint Ventures

Müller, Thomas; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2003

This paper analyzes the effects of a potential spillover on technology transfer of a multinational enterprise and on the host country policy. In particular, we examine how both parties’ incentives can be controlled through the ownership structure in an international joint venture. In contrast...

Persistent link: https://www.econbiz.de/10005504408

Determinants of International Activity: Evidence from the Chemical Industry

Fosfuri, Andrea - C.E.P.R. Discussion Papers - 2004

This Paper empirically investigates two important determinants of international activity through wholly owned operations, joint-ventures and licensing, namely country risk and IPRs protection. Using a comprehensive database on investments in chemical plants during the period 1981-96, we show...

Persistent link: https://www.econbiz.de/10005504443