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Why do foreign banks withdraw from other countries? : a panel data analysis

Hryckiewicz, Aneta; Kowalewski, Oskar - 2010

This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical evidence of the causes of multinational banks' exits from other countries. Using panel data for 149 closed or divested foreign bank subsidiaries across 54 countries from 1997 to...

Persistent link: https://www.econbiz.de/10003955236

Does the nominal exchange rate regime matter for investment?

Böhm, Hjalmar; Funke, Michael - 2001

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate … exchange rate regimes indicates that currency volatility exerts only a small influence upon the level of investment spending …

Persistent link: https://www.econbiz.de/10011400788

Financial constraints and other obstacles : are they a threat to innovation activity?

Mohnen, Pierre A.; Palm, Franz C.; Schim van der Loeff, … - 2008

Persistent link: https://www.econbiz.de/10003630838

Banking permits : economic efficiency and distributional effects

Bosetti, Valentina (contributor); Carraro, Carlo (contributor) - 2008

Persistent link: https://www.econbiz.de/10003635240

Infinite dimensional VARs and factor models

Chudik, Alexander (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003624878

Investment in relationship-specific assets : does finance matter?

Strieborny, Martin; Kukenova, Madina - 2011

-enhancing investment in relationship-specific assets by signalling creditworthiness and long-term planning horizon of their borrowers. We … empirically confirm this hypothesis by showing that industries dependent on relationship-specific investment from their suppliers …-specific investment ; growth …

Persistent link: https://www.econbiz.de/10009010059

Growth and trade with frictions : a structural estimation framework

Anderson, James E.; Larch, Mario; Yotov, Yoto V. - 2015

We build and estimate a structural dynamic general equilibrium model of growth and trade. Trade affects growth through changes in consumer and producer prices that in turn stimulate or impede physical capital accumulation. At the same time, growth affects trade, directly through changes in...

Persistent link: https://www.econbiz.de/10011298529

The Ifo Investment Database

Strobel, Thomas; Sauer, Stefan; Wohlrabe, Klaus - 2013

In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in … allows allocating investments by asset type to each industry, using an investment flow matrix. The database enables … researchers to analyze structural investment behavior on the industry level and to identify changes in the importance of in-vestment …

Persistent link: https://www.econbiz.de/10009721990

The marginal product of capital : a persistent international puzzle

Chirinko, Robert S. (contributor); … - 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/10003751180

Trade costs, trade balances and current accounts : an application of gravity to multilateral trade

Fazio, Giorgio (contributor); MacDonald, Ronald (contributor) - 2005

In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...

Persistent link: https://www.econbiz.de/10003120614