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Nicolini, Marcella - 2021

establish an FDI. Property rights theory suggests that contract enforcement matters differentially across sectors. This paper is … the first attempt to test whether institutions matter differentially across different sectors in FDI decision. Using data …

Persistent link: https://www.econbiz.de/10013316890

The Trade and FDI Effects of EMU Enlargement

Brouwer, J.; Paap, Richard; Viaene, Jean-Marie - 2021

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the … and the distribution of outward FDI stocks among these countries. The results reveal a complementarity between trade and …. Using a simulation-based technique, we find that estimates of FDI effects of EMU range between 18.5 percent for Poland and …

Persistent link: https://www.econbiz.de/10013316812

FDI and the Relevance of Spatial Linkages : Do Third Country Effects Matter for Dutch FDI?

Garretsen, Harry - 2013

The aim of this paper is to test for the relevance of spatial linkages for Dutch (outbound) FDI. To do so, and based on … recent FDI theories, we estimate a spatial lag model to assess the importance of spatial linkages for Dutch FDI to 18 host … countries. As a determinant of FDI, space or geography also enters our empirical analysis through the market size and a …

Persistent link: https://www.econbiz.de/10012753723

How Do Institutions Affect the Impact of Natural Disasters?

Bos, Jaap W.B; Gröschl, Jasmin; Lamers, Martien; Li, … - 2023

In this paper we study how diﬀerences in the quality of countries’ institutions aﬀect the impact of natural hazards in these countries. To do so, we ﬁrst build a new data set that allows us to adequately control for countries’ development and geological characteristics and,...

Persistent link: https://www.econbiz.de/10014264154

Impact of Colonial Institutions on Economic Growth and Development in India : Evidence from Night Lights Data

Ranjan, Priya; Talathi, Karan - 2021

We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure institutions implemented by the British, on disparity in present day development using district level data from India. Using nightlights per capita as a proxy for district level per...

Persistent link: https://www.econbiz.de/10013231963

Does U.S. Monetary Policy Respond to Macroeconomic Uncertainty?

Gomez, Thomas; Piccillo, Giulia - 2023

We find that macroeconomic uncertainty plays a significant role in U.S. monetary policy. First, we construct a measure of uncertainty as felt by policymakers at the time of making their rate-setting decisions. This measure is derived from a real-time, Bayesian estimation of a small monetary VAR...

Persistent link: https://www.econbiz.de/10014357029

Does Economic Policy Uncertainty Encourage Gambling? Evidence from the Chinese Welfare Lottery Market

Xu, Can; Steiner, Andreas; de Haan, Jakob - 2023

This paper investigates the effect of economic policy uncertainty (EPU) on gambling activity in China. Based on a theoretical model, we hypothesize that EPU increases the demand for hope which raises the willingness to pay for lottery tickets, resulting in higher lottery sales. We estimate a...

Persistent link: https://www.econbiz.de/10014262034

Does Tax Competition Really Promote Growth?

Koethenbuerger, Marko; Lockwood, Ben - 2021

This paper considers the relationship between tax competition and growth in an endogenous growth model where there are stochastic shocks to productivity, and capital taxes fund a public good which may be for final consumption or an infrastructure input. Absent stochastic shocks, decentralized...

Persistent link: https://www.econbiz.de/10013316823

The Euro Crisis and Economic Growth : A Novel Counterfactual Approach

Terzi, Alessio - 2019

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone crisis countries (Greece, Portugal, Ireland, Cyprus, Spain)...

Persistent link: https://www.econbiz.de/10012866042

Pandemics and Economic Growth : Evidence from the 1968 H3N2 Influenza

Jinjarak, Yothin; Noy, Ilan; Ta, Quy - 2021

We evaluate the 1968 H3N2 Flu pandemic’s economic cost in a cross-section of 52 countries. Using excess mortality rates as a proxy for the country-specific severity of the pandemic, we find that the average mortality rate (0.0062% per pandemic wave) was associated with declines in consumption...

Persistent link: https://www.econbiz.de/10013315008

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