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Rescue Policies for Small Businesses in the COVID-19 Recession

Nola, Alessandro Di; Kaas, Leo; Wang, Haomin - 2022

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...

Persistent link: https://www.econbiz.de/10013293851

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

ABC : An Agent Based Exploration of the Macroeconomic Effects of COVID-19

Delli Gatti, Domenico; Reissl, Severin - 2021

lockdown scenario the model is able to closely reproduce the epidemiological dynamics of the first wave of the coronavirus …

Persistent link: https://www.econbiz.de/10013314800

Growing Like Germany: Local Public Debt, Local Bank, Low Private Investment

Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021

Using a firm-bank panel of more than 1m German firms over 2010-2016, we document that local public bank lending to municipalities crowds out private investment. Our results show how crowding out can happen in a developed economy characterized by low interest rates and fiscal austerity. Our...

Persistent link: https://www.econbiz.de/10013177530

Tourism Persistence in the Southeastern European Countries : The Impact of COVID-19

Caporale, Guglielmo Maria; Imeri, Amir; Gil-Alana, Luis A. - 2022

This paper examines tourism persistence in a group of Southeastern European (SEE) countries (Albania, Bosnia, Bulgaria, Croatia, Montenegro, North Macedonia, Serbia and Slovenia) by applying fractional integration methods to monthly data on foreign tourist arrivals and overnight stays. The...

Persistent link: https://www.econbiz.de/10014243164

COVID-19 shocking global value chains

Eppinger, Peter S.; Felbermayr, Gabriel; Krebs, Oliver; … - 2021

In early 2020, the disease Covid-19 caused a drastic lockdown of the Chinese economy. We use a quantitative trade model with input-output linkages to gauge the effects of this adverse supply shock in China on the global economy through international trade and global value chains (GVCs). We find...

Persistent link: https://www.econbiz.de/10013315297

Barriers to Global Capital Allocation

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

A Spatial Analysis of Inward FDI and Rural-Urban Wage Inequality : Evidence from China

Wang, Hao - 2020

When investigating the relationship between inward FDI and rural-urban inequality, previous studies overlook the inter … investigates spatial spillover effect of inward FDI on the rural-urban wage inequality by utilizing the Spatial Durbin Model (SDM …) both in the short run and long run. In particular, we carefully consider the heterogeneity of inward FDI and categorize it …

Persistent link: https://www.econbiz.de/10012834877

Investor-State Dispute Settlement and Multinational Firm Behavior

Schjelderup, Guttorm - 2020

This paper shows that Investor-State Dispute Settlements (ISDS) makes multinational firms more aggressive by increasing cost-reducing investments with the aim to enlarge the potential compensation an ISDS provision may offer. While a larger investment reduces the market distortion, it will also...

Persistent link: https://www.econbiz.de/10012823148

Voting with Their Money : Brexit and Outward Investment by UK Firms

Breinlich, Holger - 2019

We study the impact of the 2016 Brexit referendum on UK foreign direct investment. Using the synthetic control method to construct appropriate counterfactuals, we show that by March 2019 the Leave vote had led to a 17% increase in the number of UK outward investment transactions in the remaining...

Persistent link: https://www.econbiz.de/10012865920

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