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Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain T. - 2021

We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset positions. We estimate this gravity equation...

Persistent link: https://www.econbiz.de/10013226659

China’s overinvestment and international trade conflict

Schnabl, Gunther - 2019

For a long time, China’s impressive growth performance has been driven by investment and high productivity gains. Based … on the recent discussion on possible overcapacities and overinvestment in China, the paper investigates the … sustainability of China’s investment- and export-driven growth model. It is shown that since the turn of the millennium buoyant …

Persistent link: https://www.econbiz.de/10012018333

Understanding PRC Investment Statistics

Holz, Carsten A. - 2020

Investment statistics of the People's Republic of China are a source of many puzzles. Some investment data are of …

Persistent link: https://www.econbiz.de/10012841136

China's Overinvestment and International Trade Conflict

Schnabl, Gunther - 2019

For a long time, China's impressive growth performance has been driven by investment and high productivity gains. Based … on the recent discussion on possible overcapacities and overinvestment in China, the paper investigates the … sustainability of China's investment- and export-driven growth model. It is shown that since the turn of the millennium buoyant …

Persistent link: https://www.econbiz.de/10012866404

Debt financing and sharp currency depreciations: wholly vs. partially owned multinational affiliates

Hebous, Shafik; Weichenrieder, Alfons J. - 2009

This paper provides empirical evidence on two potential costs of shared ownership of German affiliates abroad. First, in periods of currency crises, wholly-owned affiliates, in contrast to partially-owned affiliates, seem to circumvent financial constraints by accessing capital from their parent...

Persistent link: https://www.econbiz.de/10010277196

Firm Exports, Foreign Ownership, and the Global Financial Crisis

Eppinger, Peter; Smolka, Marcel - 2021

The exceptional export performance of foreign-owned firms is a well-established stylized fact, but the underlying mechanism is not yet fully understood. In this paper, we provide theory and empirical evidence demonstrating that this fact can be explained by ownership differences in access to...

Persistent link: https://www.econbiz.de/10013251264

How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets? Evidence from China

Caporale, Guglielmo Maria; Lodh, Suman; Nandy, Monomita - 2015

a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China …

Persistent link: https://www.econbiz.de/10010531831

How Firms Export: Processing vs. Ordinary Trade with Financial Frictions

Manova, Kalina B.; Yu, Zhihong - 2016

supply chains – and how this decision affects performance. We exploit matched customs and balance-sheet data from China …

Persistent link: https://www.econbiz.de/10011451398

Firm Performance and Trade with Low-Income Countries: Evidence from China

Schmerer, Hans-Jörg; Wang, Luhang - 2014

analysis reveals a rising low-income country trade share around and after China's accession to the World Trade Organization …

Persistent link: https://www.econbiz.de/10010398674

Trade and Unions: Can Exporters Benefit from Collective Bargaining?

Capuano, Stella; Hauptmann, Andreas; Schmerer, Jans-Jörg - 2014

Unions are often stigmatized as being a source of inefficiency due to higher collective bargaining outcomes. This is in stark contrast with the descriptive evidence presented in this paper. Larger firms choose to export and are also more likely to adopt collective bargaining. We rationalize...

Persistent link: https://www.econbiz.de/10010435760

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