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Consumer preferences and the reliability of Euler equation tests of capital mobility : some simulation-based evidence

Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002

The globalization of international financial markets has renewed interest in the measurement of capital mobility. Consumption-based tests such as the Euler equation test are commonly used. These tests, however, are derived under restrictive assumptions on consumer behavior. In this paper, we ask...

Persistent link: https://www.econbiz.de/10011475881

Financial market development in host and source countries and its effects on bilateral FDI

Donaubauer, Julian; Neumayer, Eric; Nunnenkamp, Peter - 2016

We estimate gravity-type models to assess the effects of financial market development in the host and source countries on bilateral FDI stocks. We address potential reverse causality, inter alia by performing instrumental variable estimations and restricting the sample to observations where...

Persistent link: https://www.econbiz.de/10011429900

How global is FDI? : evidence from the analysis of Theil indices

Bickenbach, Frank; Liu, Wan-hsin; Nunnenkamp, Peter - 2015

It is open to question whether the intensified worldwide competition for FDI has reduced its traditionally strong concentration in a few large and relatively advanced host countries. We calculate and decompose Theil indices to track changes in absolute and relative concentration of FDI during...

Persistent link: https://www.econbiz.de/10011410419

Infrastructure and trade : a gravity analysis for major trade categories using a new index of infrastructure

Donaubauer, Julian; Glas, Alexander; Nunnenkamp, Peter - 2016

Making use of considerably improved measures of infrastructure, we assess the impact of infrastructure on bilateral trade for a panel of 37 developed and emerging economies during the period 1995-2011. We find significant and non-linear effects of overall infrastructure and infrastructure in...

Persistent link: https://www.econbiz.de/10011410524

Is foreign aid concentrated increasingly on needy and deserving recipient countries? : an analysis of Theil indices, 1995-2015

Bickenbach, Frank; Mbelu, Asithandile; Nunnenkamp, Peter - 2017

By tracking the changes in different margins of Theil indices during the period 1995-2015, we re-consider the question of whether bilateral and multilateral donors have targeted aid increasingly to particularly needy recipient countries with relatively good governance in order to improve the...

Persistent link: https://www.econbiz.de/10011644423

Shooting the messenger of good news : a critical look at the World Bank's success story of effective aid

Nunnenkamp, Peter - 2002

In a report presented at the UN Conference on Financing for Development in March 2002, the World Bank claims that the … policies. However, the World Bank's success story rests on an extremely weak foundation: First, the institution's contribution … the distribution of World Bank financing. Second, the picture portrayed in the report takes a bad turn if only two …

Persistent link: https://www.econbiz.de/10011495588

Intellectual property rights and foreign direct investment : the role of industry and host-country characteristics

Nunnenkamp, Peter (contributor); Spatz, Julius (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001772395

The role of government in anti-social redistributive activities

Angelopoulos, Konstantinos (contributor); … - 2005

It is known that anti-social redistributive activities (rent seeking, tax evasion, corruption, violation of property rights, delay of socially beneficial reforms, etc) hurt the macroeconomy. But it is less known what is the role of government size as a determinant of such activities. We use data...

Persistent link: https://www.econbiz.de/10002746122

Do multinational enterprises contribute to convergence or divergence? : A disaggregated analysis of US FDI

Mayer-Foulkes, David (contributor); … - 2005

It is a widely held belief that foreign direct investment (FDI) has a positive effect on economic growth. We test this hypothesis by performing convergence regressions derived from a model of endogenous technological change. We estimate the rate of growth in per-capita income, relative to the...

Persistent link: https://www.econbiz.de/10002747633

Less aid proliferation and more donor coordination? : The wide gap between words and deeds

Aldasoro, Iñaki; Nunnenkamp, Peter; Thiele, Rainer - 2009

We present a two-step approach of assessing whether major donors of foreign aid have met recent demands for less proliferated and better coordinated aid efforts. First, we calculate Theil indices revealing the concentration of each donor's aid on recipient countries and specific aid sectors....

Persistent link: https://www.econbiz.de/10003828783