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Cosar, Kerem - 2015

In the automobile industry, as in many tradable goods markets, firms earn their highest market share within their … domestic market. This home market advantage persists despite substantial integration of international markets during the past … several decades. The goal of this paper is to quantify the supply- and demand-driven sources of the home market advantage and …

Persistent link: https://www.econbiz.de/10013012565

Mergers and Partial Ownership

Foros, Øystein - 2010

In this paper we compare the profitability of a merger to the profitability of a partial ownership arrangement and find that partial ownership arrangements can be more profitable for the acquiring and acquired firm because they can result in a greater dampening of competition. We also derive...

Persistent link: https://www.econbiz.de/10013148773

Can Lower Tax Rates Be Bought? Business Rent-Seeking and Tax Competition Among U.S. States

Chirinko, Robert S. - 2010

contributions on tax policy; the economic value of a $1 business campaign contribution in terms of lower state corporate taxes is …

Persistent link: https://www.econbiz.de/10013141085

Journey into the Unknown? Economic Consequences of Factor Market Integration Under Increasing Returns to Scale

Schäfer, Andreas - 2011

What are the dynamic consequences of comprehensive integration shocks? The answer to this question appears all but trivial. We set up a dynamic macroeconomic model of a small open economy where both capital and labor are mobile and there are increasing returns to scale at the aggregate level....

Persistent link: https://www.econbiz.de/10013117359

Financing Higher Education in a Mobile World

Demange, Gabrielle - 2012

This paper analyzes how integrated labor markets affect the financing of higher education. For this, we employ a general-equilibrium model with overlapping generations and individuals who differ in their abilities. At the first stage, governments can choose the quality of education and the...

Persistent link: https://www.econbiz.de/10013104571

Business Cycles, International Trade and Capital Flows : Evidence from Latin America

Caporale, Guglielmo Maria - 2013

This paper adopts a flexible framework to assess both short- and long-run business cycle linkages between six Latin American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the period 1980:I-2011:IV. The result indicate that within...

Persistent link: https://www.econbiz.de/10013089557

The Effect of Terrorist Incidents on Capital Flows

Filer, Randall K. - 2013

Current literature shows a significant negative impact of terrorism on countries economies. We explore this relationship in more detail. Using an unbalanced panel of over 160 countries for up to 25 years and the Global Terrorism Database (GTD) we show a decrease in FDI as a consequence of...

Persistent link: https://www.econbiz.de/10013089605

Target Loans, Current Account Balances and Capital Flows : The ECB's Rescue Facility

Sinn, Hans-Werner - 2013

The Target liabilities of the GIPS countries (Greece, Ireland, Portugal and Spain) amounted to 314 billion euros in March 2011. They measure the additional central bank money that their corresponding National Central Banks (NCBs) have loaned in excess of the money needed to cover their domestic...

Persistent link: https://www.econbiz.de/10013092688

Subsidizing Renewable Energy Under Capital Mobility

Eichner, Thomas - 2014

This paper provides a rationale for subsidizing green (renewable) energy production. Within a multi-country model where energy is produced with mobile capital in green and dirty production, we investigate the countries' decentralized choice of emissions taxes and green energy subsidies. Without...

Persistent link: https://www.econbiz.de/10013069215

Is Capital Mobility Good for Public Good Provision?

Schwerhoff, Gregor - 2013

We set up a general model on capital mobility which contains many of the models in the literature as special cases. The race to the bottom results not from a capital flight effect, but rather from a kind of Laffer curve effect in public good provision. Selectively introducing simplifying...

Persistent link: https://www.econbiz.de/10013074402