Showing 1 - 10 of 10
Most FDI takes place between the developed countries, which suggests that the market-seeking motive is important for understanding FDI. However, given the stylized fact that trade barriers (e.g. transportation costs and financial barriers) have declined over the past 20 years, models that aim to...
Persistent link: https://www.econbiz.de/10010275800
By combining two large data sets (on international trade flows and on mergers and acquisitions – M&As), we are able to test two implications of Neary's (2003, 2004a) recent theoretical work. Analyzing M&As in a General Oligopolistic Equilibrium (GOLE) model incorporating strategic interaction...
Persistent link: https://www.econbiz.de/10010275774
Following the trade collapse in 2009, Globalization has recovered but the growth rate slowed down compared to the … preceding period of Hyper Globalization. The persistence of this slowdown is remarkable. We argue that increased awareness of …, while remaining tractable. From an empirical point of view, the model explains both, the period of Hyper Globalization and …
Persistent link: https://www.econbiz.de/10013177548
Traditional trade theory assumes that countries are dimensionless points. Recent research shows, however, that the internal geography of countries is important for the effects on trade. One aspect of internal geography is the uneven spatial distribution of factors of production. Factors of...
Persistent link: https://www.econbiz.de/10012799664
With the availability of international value added trade data it has become evident that gross export data and value added data do not provide the same information. Although gross exports crosses national borders and is the target of trade policy, value added data tell us what fragment in the...
Persistent link: https://www.econbiz.de/10010531786
The research on the location choice for Foreign Direct Investment (FDI) is traditionally restricted to a choice between countries. The within-country location choice is less prominent in the literature. If within-country location decisions are considered it is mostly limited to Greenfield...
Persistent link: https://www.econbiz.de/10010531808
With the completion of EMU, tax competition and, more in general, locational competition is high on the EU policy agenda. In contrast to the standard neo-classical reasoning, recent advances in the theory of trade and location have shown that tax competition does not necessarily lead to a race...
Persistent link: https://www.econbiz.de/10010315302
Traditional trade theory assumes that countries are dimensionless points. Recent research shows, however, that the internal geography of countries is important for the effects on trade. One aspect of internal geography is the uneven spatial distribution of factors of production. Factors of...
Persistent link: https://www.econbiz.de/10013323090
Following the trade collapse in 2009, Globalization has recovered but the growth rate slowed down compared to the … preceding period of Hyper Globalization. The persistence of this slowdown is remarkable. We argue that increased awareness of …, while remaining tractable. From an empirical point of view, the model explains both, the period of Hyper Globalization and …
Persistent link: https://www.econbiz.de/10013308103
book reflects to a certain extent the present fears with respect to increasing globalization. Using many examples, Friedman …
Persistent link: https://www.econbiz.de/10010275796