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Giavazzi, Francesco; Petkov, Ivan; Schiantarelli, Fabio - C.E.P.R. Discussion Papers - 2014

This paper presents evidence on the speed of evolution (or lack thereof) of a wide range of values and beliefs of different generations of European immigrants to the US. The main result is that persistence differs greatly across cultural attitudes. Some, for instance deep personal religious...

Persistent link: https://www.econbiz.de/10011083563

Teaching Practices and Social Capital

Algan, Yann; Cahuc, Pierre; Shleifer, Andrei - C.E.P.R. Discussion Papers - 2011

We use several data sets to consider the effect of teaching practices on student beliefs, as well as on organization of firms and institutions. In cross-country data, we show that teaching practices (such as copying from the board versus working on projects together) are strongly related to...

Persistent link: https://www.econbiz.de/10009351521

Social Capital as Good Culture

Guiso, Luigi; Sapienza, Paola; Zingales, Luigi - C.E.P.R. Discussion Papers - 2008

To explain the extremely long-term persistence (more than 500 years) of positive historical experiences of cooperation (Putnam 1993), we model the intergenerational transmission of priors about the trustworthiness of others. We show that this transmission tends to be biased toward excessively...

Persistent link: https://www.econbiz.de/10005791467

Capital Export, Unemployment, and Illegal Immigration

Schulze, Gunther G - C.E.P.R. Discussion Papers - 1996

This paper analyses capital export controls under majority voting. It is shown that individuals vote according to their factor endowment ratio. An individual’s optimal restriction is tighter, the lower their capital-labour ratio and the larger the country; it is also tighter if unemployment...

Persistent link: https://www.econbiz.de/10005656256

The Brain Gain of Corporate Boards: A Natural Experiment from China

Giannetti, Mariassunta; Liao, Guanmin; Yu, Xiaoyun - C.E.P.R. Discussion Papers - 2012

We study the impact of directors with foreign experience on firms in emerging markets. To establish causality, we use a unique dataset from China and exploit that at different times, Chinese provinces introduced policies to attract highly talented emigrants. These policies led to an exogenous...

Persistent link: https://www.econbiz.de/10011084604

FDI, Infrastructure and the Welfare Effects of Labour Migration

Barry, Frank - C.E.P.R. Discussion Papers - 2002

A model of a small open economy with open capital and labour markets is presented. Labour demand is based on capital mobility and increasing returns in production. Migration decisions are based on the relative attractiveness of regions in terms of the stock of infrastructure, including its tax...

Persistent link: https://www.econbiz.de/10005662366

Foreign Direct Investment and Politics: The Swedish Model

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1995

Sweden is home to a remarkably large number of prosperous multinationals. We argue that this is partly the result of industrial policies that have been biased in favour of large firms, and partly the result of an institutional setting where regulations and controls have facilitated investment...

Persistent link: https://www.econbiz.de/10005123621

Cross-Border Trade and FDI in Services

Fillat Castejón, Carmen; Francois, Joseph; Woerz, Julia - C.E.P.R. Discussion Papers - 2008

-border trade and FDI in the service sectors. We first develop a consistent analytical framework for the application of the gravity … model jointly to services trade and commercial presence (i.e. FDI), using a composite model of delivery that offers testable …-border imports based on previous FDI inflows. A detailed analysis by individual service sectors highlights business, communication …

Persistent link: https://www.econbiz.de/10005136664

Cross-Border Mergers & Acquisitions and the Role of Trade Costs

Görg, Holger; Hijzen, Alexander; Manchin, Miriam - C.E.P.R. Discussion Papers - 2007

Cross-border mergers and acquisitions (M&As) have increased dramatically over the last two decades. This paper analyses the role of trade costs in explaining the increase in the number of cross-border mergers and acquisitions. In particular, we distinguish horizontal and non-horizontal M&As and...

Persistent link: https://www.econbiz.de/10005067607

A Touch of Sophistication: FDI and Unit Values of Exports

Harding, Torfinn; Javorcik, Beata - C.E.P.R. Discussion Papers - 2009

many countries. This study presents evidence suggesting that attracting inflows of FDI offers potential for upgrading a … sectors treated by investment promotion agencies as priority in their efforts to attract FDI. The sample covers 116 countries … over the period 1984-2000. The findings are consistent with a positive effect of FDI on unit values of exports in …

Persistent link: https://www.econbiz.de/10008557016

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