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Home Bank Intermediation of Foreign Direct Investment
Poelhekke, Steven - 2011
This paper investigates the benefits of banks' direct investment in foreign subsidiaries and branches for non … 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 …
Persistent link: https://www.econbiz.de/10013123798
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Tax Co-Ordination in Europe : Assessing the First Years of the EU-Savings Taxation Directive
Hemmelgarn, Thomas - 2009
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation of foreign interest payments received by individuals in accordance with the rules of their State of residence. The data suggest that the Directive, which is based on automatic...
Persistent link: https://www.econbiz.de/10013158088
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The Threat of Exclusion and Implicit Contracting
Brown, Martin - 2016
appropriate borrowed funds and generate investment income without requiring further loans. We examine implicit contracting in a …
Persistent link: https://www.econbiz.de/10012979617
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Tax-Co-ordination in Europe: Assessing the First Years of the EU-Savings Taxation Directive
Hemmelgarn, Thomas; Nicodème, Gaëtan J.A. - CESifo - 2009
This paper reviews the economic effects of the EU Savings Taxation Directive. The Directive aims at enabling taxation of foreign interest payments received by individuals in accordance with the rules of their State of residence. The data suggest that the Directive, which is based on automatic...
Persistent link: https://www.econbiz.de/10005029258
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Does Financial Integration Spur EconomicGrowth? New Evidence from the First Era of Financial Globalization
Schularick, Moritz; Steger, Thomas - CESifo - 2006
Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that...
Persistent link: https://www.econbiz.de/10005406203
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Home Bank Intermediation of Foreign Direct Investment
Poelhekke, Steven - CESifo - 2011
This paper investigates the benefits of banks’ direct investment in foreign subsidiaries and branches for non … 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 …
Persistent link: https://www.econbiz.de/10009147744
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The Marginal Product of Capital : A Persistent International Puzzle
Chirinko, Robert S. - 2008
Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the core implications of the neoclassical framework. Lucas (1990) and many subsequent studies have examined reasons for this MPK differential. In a recent contribution, Caselli and...
Persistent link: https://www.econbiz.de/10012770255
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GDP Growth, Private Debt and Monetary Policy
Cafiso, Gianluca - 2017
Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the objective of this work is to understand how much of the GDP response to a monetary shock is due to the variation of private debt. This is the marginal contribution of private...
Persistent link: https://www.econbiz.de/10012953691
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Private Debt and GDP : A Short-Run Perspective
Cafiso, Gianluca - 2021
Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys in details this branch of literature and explains the channels by which debt fuels growth. In this paper we switch the focus from the long to the short-run and study whether...
Persistent link: https://www.econbiz.de/10013315475
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A Touch of Sophistication : FDI and Unit Values of Exports
Harding, Torfinn - 2009
sectors treated by investment promotion agencies as priority in their efforts to attract FDI. The sample covers 116 countries …
Persistent link: https://www.econbiz.de/10013153286