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The economics of a multilateral investment agreement

Che, Jiahua; Willmann, Gerald - 2009

This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...

Persistent link: https://www.econbiz.de/10003808670

A model of heterogeneous firm matches in cross-border mergers & acquisitions

Brakman, Steven; Garretsen, Harry; Gerritse, Michiel; … - 2018 - This version: May 2018

knowledge transfers - from high to low productivity firms - between acquirer and target. Using the Melitz (2003) model of … transfers, where the latter leads to assortative matching on productivity for firms in cross-border M&As. This is in line with … stylized facts (because M&As frequently occur between firms of similar productivity) and in contrast to the proximity …

Persistent link: https://www.econbiz.de/10011862878

Asset ownership and foreign-market entry

Raff, Horst (contributor); Ryan, Michael (contributor); … - 2006

This paper examines the link between a firm’s ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through...

Persistent link: https://www.econbiz.de/10003301155

The effect of tax havens on host country welfare

Gresik, Thomas A.; Schindler, Dirk; Schjelderup, Guttorm - 2015

Multinational corporations can shift income into low-tax countries through transfer pricing and debt financing. While most developed countries use thin capitalization rules to limit the extent to which a subsidiary can be financed with internal debt, a number of developing countries do not. In...

Persistent link: https://www.econbiz.de/10010509595

World market access of emerging-market firms : the role of foreign ownership and access to external finance

Raff, Horst; Trofimenko, Natalia - 2013

. Applying propensity score matching to control for differences across firms in terms of labor productivity, size, etc., we find …

Persistent link: https://www.econbiz.de/10009772816

The asymmetric impact of economic policy and oil price uncertainty on inflation : evidence from developed and emerging economies

Anderl, Christina; Caporale, Guglielmo Maria - 2023

This paper examines the asymmetric impact of economic policy uncertainty (EPU) and oil price uncertainty (OPU) on inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the 1990s until August 2022 for a number of developed and...

Persistent link: https://www.econbiz.de/10013543029

The quantification of structural reforms : extending the framework to emerging market economies

Égert, Balázs - 2018

This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by...

Persistent link: https://www.econbiz.de/10011800715

Former foreign affiliates : cast out and outperformed?

Javorcik, Beata K. Smarzynska; Poelhekke, Steven - 2014

similar control plants exist. The results indicate that divestment is associated with a drop in total factor productivity …

Persistent link: https://www.econbiz.de/10010461272

Contagious exporting and foreign ownership : evidence from firms in Shanghai using a Bayesian spatial bivariate probit model

Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - 2018

Whether a firm is able to attract foreign capital and whether it may participate at the export market depends on whether the fixed costs associated with doing so are at least covered by the incremental operating profits. This paper provides evidence that success for some firms in attracting...

Persistent link: https://www.econbiz.de/10011822884

Firm-specific characteristics and the timing of foreign direct investment projects

Raff, Horst (contributor); Ryan, Michael (contributor) - 2006

Persistent link: https://www.econbiz.de/10003462031

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