Showing 1 - 10 of 1,276
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … provide detailed evidence on the determinants of outward FDI from the US. FDI is higher in countries that are close to the US …
Persistent link: https://www.econbiz.de/10010276225
with less foreign direct investment (FDI). With an improved dataset on tax autonomy of sub-federal government tiers, we … present evidence that fiscal decentralization (de facto) does not reduce FDI. If local governments can set their tax rates and … bases independently, they attract more FDI. Analyzing 83,458 corporate cross-border acquisitions (CBA), between 148 source …
Persistent link: https://www.econbiz.de/10013224081
The paper considers profit shifting behavior using data on German inbound and outbound FDI. It finds an empirical … increase in the profitability of the German affiliate. On the outbound side of German FDI, the data provides some evidence that …
Persistent link: https://www.econbiz.de/10013316976
Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and …. Given the importance of accounting for both the dynamics and the trends in the data not captured by the theoretical growth … the endogenous growth model or the standard real business cycle model better explains the observed variation in these …
Persistent link: https://www.econbiz.de/10013120659
We examine how financial crises redistribute risk, employing novel empirical methods and micro data from the largest financial crisis of the 20th century – the Great Depression. Using balance-sheet and systemic risk measures at the bank level, we build an econometric model with incidental...
Persistent link: https://www.econbiz.de/10014345560
effect of corruption on economic growth is especially pronounced in autocracies and transmits to growth by decreasing FDI and …The nexus between corruption and economic growth has been examined for a long time. Many empirical studies measured … 2012-2018 and re-examine the nexus between corruption and economic growth. The cumulative long-run effect of corruption on …
Persistent link: https://www.econbiz.de/10012861457
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between … results suggest that product market reforms mostly cause slight negative growth, except when implemented during periods of … neutral fiscal policy. Labour market reforms hurt growth under tight and neutral fiscal policy but are conducive to economic …
Persistent link: https://www.econbiz.de/10012829322
The link between federalism and economic performance is still ambiguous. Aiming at clarification, we improve on a widespread shortcoming by measuring federalism not just by one variable but by various institutions that constitute it. To this end, Switzerland provides for a laboratory as its 26...
Persistent link: https://www.econbiz.de/10012908641
This paper analyses the short- and long-run effects of trade openness on financial development in a panel including data on 35 European countries over the period 2001-2019. For this purpose, it uses the PMG (pooled mean group) estimator for dynamic panels developed by Pesaran et al. (1999). The...
Persistent link: https://www.econbiz.de/10013227601