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Unlocking the value of cross-border mergers and acquisitions
Brakman, Steven; Garita, Gus; Garretsen, Harry; … - 2008
Persistent link: https://www.econbiz.de/10003711774
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Stock market integration in Asia : global or regional? : evidence from industry level panel convergence tests
Caporale, Guglielmo Maria; You, Kefei - 2017
This paper examines global and regional stock market integration in Asia at both the aggregate and disaggregate (industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised as follows. In the pre-2008 crisis period, no...
Persistent link: https://www.econbiz.de/10011658042
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Tear down this wall : on the persistence of borders in trade
Nitsch, Volker; Wolf, Nikolaus - 2009
evolution of intra-German trade flows after reunification then provides new insights for both the globalization and border … trade, but arise from economic fundamentals. -- integration ; home bias ; globalization …
Persistent link: https://www.econbiz.de/10003898827
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Heterogeneous economic integration agreement effects
Baier, Scott L.; Bergstrand, Jeffrey H.; Clance, Matthew W. - 2015
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...
Persistent link: https://www.econbiz.de/10011309578
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Monetary and fiscal management, finance, and growth
Thorvaldur Gylfason - 2004
This lecture addresses three related aspects of monetary and fiscal management in Europe and elsewhere. First, I discuss the implications of economic integration for monetary and fiscal policy, especially the narrow focus on low inflation as the main objective of monetary policy. I argue that...
Persistent link: https://www.econbiz.de/10011404264
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Do trade agreements stimulate international trade differently? : evidence from 296 trade agreements
Kohl, Tristan; Brakman, Steven; Garretsen, Harry - 2013 - This version, April 2013
In a seminal paper, Rose (2004) found that the assumed positive impact of the WTO on international trade was questionable. This finding has been scrutinized and modified in subsequent research, using different datasets, econometric methods and separating the WTO from other forms of trade...
Persistent link: https://www.econbiz.de/10009743775
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Economic integration agreements, border effects, and distance elasticities in the gravity equation
Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - 2013
yields economically plausible and statistically significant estimates of the declining effect of “national borders” on world …
Persistent link: https://www.econbiz.de/10010212649
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Globalisation, competitive governments, and constitutional choice in Europe
Breton, Albert; Ursprung, Heinrich W. - 2002
The traditional school of economic policy analysis predicts that globalisation will give rise to predatory competition between the governments of the European nation states. The consequence is anticipated to be a marked reduction in, if not the destruction of, the benevolent Welfare State. The...
Persistent link: https://www.econbiz.de/10011408984
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Exploring the intensive and extensive margins of world trade : presented at Venice Summer Institute, Workshop on Dissecting Globalization, July 2004
Felbermayr, Gabriel; Kohler, Wilhelm - 2004
World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …
Persistent link: https://www.econbiz.de/10011450770
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Do civil and political repression really boost foreign direct investments?
Harms, Philipp; Ursprung, Heinrich W. - 2001
Multinational enterprises are often accused to have a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This paper presents an empirical investigation of the popular political repression boosts FDI hypothesis and arrives...
Persistent link: https://www.econbiz.de/10011397998