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The Political Economy of International Finance Corporation Lending
Dreher, Axel - 2019
The bulk of International Finance Corporation (IFC) lending benefits companies from rich countries, and projects in countries with middle income. Large conglomerates such as Lidl or Mövenpick have been among its direct beneficiaries. This contrasts to some extent with the IFC's official...
Persistent link: https://www.econbiz.de/10012900790
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Going Offshore : Investments in German Wind Energy Under Uncertainty
Chen, Yu-Fu - 2015
Employing a continuous-time real options modeling framework, this paper scrutinizes the incentives to invest in German offshore wind farms. The focus of the analysis is the mode of action of the German feed-in tariff system for offshore wind energy deployment. The numerical results reveal that...
Persistent link: https://www.econbiz.de/10013019855
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Threshold effects and regional economic growth – Evidence from West Germany
Funke, Michael; Niebuhr, Annekatrin - 2001
We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on the growth of West German regions. The paper finds that the relative income distribution appears to be stratifying into a...
Persistent link: https://www.econbiz.de/10010295576
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Spatial R&D spillovers and economic growth: Evidence from West Germany
Funke, Michael; Niebuhr, Annekatrin - 2000
The paper bases itself on recent theoretical writings in growth economics that empha-size the effects of both own R&D efforts and of interregional technology spillovers on regions´ productivity. We propose robust estimation techniques to evaluate the R&D spillovers across West German functional...
Persistent link: https://www.econbiz.de/10010295614
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Rogue Aid? The Determinants of China's Aid Allocation
Dreher, Axel - 2011
Foreign aid from China is often characterized as ‘rogue aid' that is not guided by recipient need but by China …, covering the 1956-2006 period, to empirically test to which extent political and commercial interests shape China's aid … allocation decisions. We estimate the determinants of China's allocation of project aid, food aid, medical teams and total aid …
Persistent link: https://www.econbiz.de/10013120232
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Aid on Demand : African Leaders and the Geography of China's Foreign Assistance
Dreher, Axel - 2015
This article investigates whether China's foreign aid is particularly prone to political capture by political leaders … results show that current political leaders' birth regions receive substantially larger financial flows from China than other …
Persistent link: https://www.econbiz.de/10013018701
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The Undisclosed Renminbi Basket : Are the Markets Telling Us Something About Where the Renminbi-US Dollar Exchange Rate is Going?
Funke, Michael - 2013
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10012753619
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The Undisclosed Renminbi Basket: Are the Markets Telling us something about where the Renminbi – US Dollar Exchange Rate is Going?
Funke, Michael; Gronwald, Marc - CESifo - 2008
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10005765921