Showing 1 - 10 of 1,964
This paper revisits the hypothesis that landlocked regions are systematically poorer than regions with ocean access, using panel data for 1,527 subnational regions in 83 nations from 1950-2014. This data structure allows us to exploit within-country-time variation only (e.g., regional variation...
Persistent link: https://www.econbiz.de/10011750132
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 …We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology …
Persistent link: https://www.econbiz.de/10011718208
We quantify the relationships between deep trade liberalization and foreign direct investment (FDI). To this end, we … to (i) estimate the direct impact of DTAs on FDI, (ii) translate the partial DTA estimates into general equilibrium … effects on FDI; and (iii) obtain partial DTA effects on trade and quantify the impact of DTAs on FDI through trade. We obtain …
Persistent link: https://www.econbiz.de/10013384905
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
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
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign …. 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
things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage …. Using foreign direct investment (FDI) as a measure for capital flows, we present empirical evidence which largely confirms …
Persistent link: https://www.econbiz.de/10003299332
This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an elaborate dynamic wage fund model in the...
Persistent link: https://www.econbiz.de/10012599151
Foreign direct investments (FDI) are an important determinant of economic growth. Coun-tries try to attract mobile … capital in order to foster economic development, albeit FDI might increase regional inequality since the many different … regions of a country usually do not receive FDI in equal measure. A conflict emerges between efficiency and redistribution …
Persistent link: https://www.econbiz.de/10009687189
inward trade barriers affect productivity. The production function of Brazilian manufacturers is estimated at the ISIC3 two …-digit level under various alternatives, including an extension of Olley and Pakes' (1996) procedure. Firm-level productivity is … inferred and then related to trade. Findings suggest that (1) foreign competition pressures firms to raise productivity …
Persistent link: https://www.econbiz.de/10011402582