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Growth, Foreign Direct Investment and Urban Concentrations : Unbundling Spatial Lags
Poelhekke, Steven - 2014
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … provide detailed evidence on the determinants of outward FDI from the US. FDI is higher in countries that are close to the US … substantial natural resource exports. Countries also attract more FDI if they have more medium-sized cities and primacy is not too …
Persistent link: https://www.econbiz.de/10012751105
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The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty - Evidence from the US and the Euro Area
Altavilla, Carlo; Ciccarelli, Matteo - CESifo - 2009
This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...
Persistent link: https://www.econbiz.de/10005051516
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The Impact of Financial (De-)Regulation on Current Account Balances
Moral-Benito, Enrique; Röhn, Oliver - CESifo - 2014
Both global imbalances and financial market (de-)regulation feature prominently among the potential causes of the global financial crisis, but they have been largely discussed separately. In this paper, we take a different angle and investigate the relationship between financial market...
Persistent link: https://www.econbiz.de/10011082830
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Jointness of Growth Determinants
Doppelhofer, Gernot; Weeks, Melvyn - CESifo - 2007
This paper introduces a new measure of dependence or jointness among explanatory variables. Jointness is based on the joint posterior distribution of variables over the model space, thereby taking model uncertainty into account. By looking beyond marginal measures of variable importance,...
Persistent link: https://www.econbiz.de/10005094441
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Trade, Factor Mobility and the Extent of Economic Integration : Theory and Evidence
Mikolajun, Irena - 2015
The Middle East was once seen as a medieval great globalized force. Nowadays it shows one of the lowest intra-regional trade in the world and therefore it is claimed that the region is poorly integrated. Yet, with the steady .ow of workers across national borders of the Middle East is this...
Persistent link: https://www.econbiz.de/10013015347
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Growth, Foreign Direct Investment and Urban Concentrations: Unbundling Spatial Lags
Poelhekke, Steven; Ploeg, Frederick Van der - CESifo - 2008
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … provide detailed evidence on the determinants of outward FDI from the US. FDI is higher in countries that are close to the US … substantial natural resource exports. Countries also attract more FDI if they have more medium-sized cities and primacy is not too …
Persistent link: https://www.econbiz.de/10005765950
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Fiscal Shocks and Real Exchange Rate Dynamics : Some Evidence for Latin America
Caporale, Guglielmo Maria; Ciferri, Davide; Girardi, … - 2021
This paper analyses the effects of fiscal shocks using a two-country macroeconomic model for output, labour input, government spending and relative prices which provides the orthogonality restrictions for obtaining the structural shocks. Dynamic simulation techniques are then applied, in...
Persistent link: https://www.econbiz.de/10013316574
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Foreign Direct Investment and Regional Inequality : A Panel Data Analysis
Lessmann, Christian - 2013
Foreign direct investments (FDI) are an important determinant of economic growth. Countries try to attract mobile … capital in order to foster economic development, albeit FDI might increase regional inequality since the many different … regions of a country usually do not receive FDI in equal measure. A conflict emerges between efficiency and redistribution …
Persistent link: https://www.econbiz.de/10013089164
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Trade and Investment in the Global Economy
Anderson, James E. - 2017
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … capital. The model nests structural gravity subsystems for FDI and trade, with accumulation/decumulation of phyisical and … technology capital in transition to the steady state. The empirical importance of the FDI channel is demonstrated comparing …
Persistent link: https://www.econbiz.de/10012947623
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Home Bank Intermediation of Foreign Direct Investment
Poelhekke, Steven - 2011
countries, rather than for its international clients, and on the literature on foreign direct investment (FDI), which emphasizes … significant costs of investment. Using a new detailed data set of non-stationary sector-level outward FDI, this paper finds that … the volume of FDI by home market banks boosts FDI by non-financial firms from the same home market. Domestic and third …
Persistent link: https://www.econbiz.de/10013123798