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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
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …
Persistent link: https://www.econbiz.de/10011718208
. -- membership in international organizations ; FDI ; investment climate ; political risk ; signaling ; separating equilibrium …
Persistent link: https://www.econbiz.de/10008699691
exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World …
Persistent link: https://www.econbiz.de/10003956035
investment flows over the period 1995-2009. We capture trade integration by estimating the magnitude and evolution of the home …
Persistent link: https://www.econbiz.de/10010371905
We study the role of competition for the hold-up problem in foreign direct investment in resource-based industries. The … host country government is not only unable to commit not to expropriate investment ex post, but is also unable to commit to … higher investment levels and increases host country revenues, but hurts pro.ts of international investors. …
Persistent link: https://www.econbiz.de/10011547727
and sheds light on the effects of productivity growth. On the basis of a Geometric Brownian motion, three different … productivity scenarios are considered (no growth, deterministic growth, uncertain growth) and opposed to each other. The … introduction of productivity growth increases the likeliness of first time market entry through FDI. If the firm is confronted with …
Persistent link: https://www.econbiz.de/10003883086
climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets …
Persistent link: https://www.econbiz.de/10010428830
We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...
Persistent link: https://www.econbiz.de/10012599018
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10009240715