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which it delivers distinctive testable predictions on the sign and direction of convergence. We then use the World Value …
Persistent link: https://www.econbiz.de/10012270567
Casual observation suggests that cultural differences play an important role in business transactions, yet systematic evidence on this relationship is scarce. This paper provides a novel investigation of the effect of cultural distance on multinational firms' decisions to integrate their...
Persistent link: https://www.econbiz.de/10014313474
We argue that migrants played a significant role in the diffusion of the demographic transition from France to the rest of Europe in the late 19th century. Employing novel data on French immigration from other European regions from 1850 to 1930, we find that higher immigration to France...
Persistent link: https://www.econbiz.de/10015070203
We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are "follow-on" drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct a...
Persistent link: https://www.econbiz.de/10011406575
. We exploit firm-level panel data on product and process innovation activities in the United Kingdom and find that the … countries increased process innovation and reduced product innovation. This implies that the innovation response to labor supply …-skill intensity of firm production as well as firm size. In addition, the reduction in product innovation is lessened for firms whose …
Persistent link: https://www.econbiz.de/10011718191
The impact of culture on non-kin cooperation has been singled out as critical for economic activity. However, causal evidence of culture's influence on cooperation remains scant. In this paper we provide such evidence, focusing on two key components of culture: preferences and beliefs. Adopting...
Persistent link: https://www.econbiz.de/10012508741
We show that culture and diversity strongly influence welfare systems around the globe. To disentangle culture from institutions, we employ regional instruments as well as data on the prevalence of the pathogen Toxoplasma Gondii, linguistic differences, and the frequency of blood types. The...
Persistent link: https://www.econbiz.de/10011789109
Ethnically diverse countries are more prone to conflict, but why do some groups engage in conflict while others do not? I show that civil conflict is explained by ethnic groups' cultural distance to the central government: an increase in cultural distance, proxied by linguistic distance,...
Persistent link: https://www.econbiz.de/10014332085
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
outsourcing of investment services. Globalization, captured by a move from autarky to the integrated-world equilibrium, leads to …This paper develops a two-country, dynamic general equilibrium model with innovation contests to study the impact of … globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through …
Persistent link: https://www.econbiz.de/10013494330