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Why "buy American" is a bad idea but politicians still like it
Larch, Mario; Lechthaler, Wolfgang - 2010
When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including "Buy local" clauses into the...
Persistent link: https://www.econbiz.de/10008697408
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Discrimination in dynamic procurement design with learning-by-doing
Barbosa, Klenio; Boyer, Pierre C. - 2012
Discriminatory programs that favor local and small firms in government procurement are common in many countries. This paper studies the long-run impact of procurement discrimination on market structure and future competition in industries where learning-by-doing makes incumbent firms more...
Persistent link: https://www.econbiz.de/10009630098
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Rules of origin and market power
Chung, Wanyu; Perroni, Carlo - 2020
We study how domestic content requirements in Free Trade Areas (FTAs) affect market power and market structure in concentrated intermediate goods markets. We show that content requirements increase oligopolistic markups beyond the level that would obtain under an equivalent import tariff, and we...
Persistent link: https://www.econbiz.de/10012263368
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On the profitability of trade deflection and the need for rules of origin
Felbermayr, Gabriel; Teti, Feodora; Yalçin, Erdal - 2018
When two countries conclude a free trade agreement (FTA), they define rules of origin (RoOs) to determine whether a product is eligible for preferential treatment. RoOs exist to avoid that exports from third countries enter the FTA through the member with the lowest tariff (trade deflection)....
Persistent link: https://www.econbiz.de/10011804185
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The costs and benefits of rules of origin in modern free trade agreements
Ornelas, Emanuel; Turner, John L. - 2022
those suppliers it does affect, the rule increases investment, but it also induces excessive sourcing (for given investment …
Persistent link: https://www.econbiz.de/10013362760
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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
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Investment uncertainty, and production games
Flåm, Sjur D.; Ermolʹev, Jurij M. - 2004
This paper explores some cooperative aspects of investments in uncertain, real options. Key production factors are assumed transferable. They may reflect property or user rights. Emission of pollutants and harvest of renewable resources are cases in point. Of particular interest are alternative...
Persistent link: https://www.econbiz.de/10011401340
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Tax incentives and business investment : evidence from German bonus depreciation
Eichfelder, Sebastian; Schneider, Kerstin - 2014
business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … control group, we address the question if and to what extent these investment tax incentives boosted investment. In line with … were cut back in 1997. Moreover, there was a significant reduction in building investment in the year after the expiration …
Persistent link: https://www.econbiz.de/10010354738
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Prices vs. quantities with endogenous cost structure
Storrøsten, Halvor Briseid - 2014
significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …
Persistent link: https://www.econbiz.de/10010238324
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Forecastability and statistical characteristics of aggregate oil and gas investments on the Norwegian Continental Shelf
Lorentzen, Sindre; Osmundsen, Petter - 2016
We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …
Persistent link: https://www.econbiz.de/10011544319