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During the last decades, the growth of trade between China and the Netherlands has been larger than the increase in bilateral trade flows between China and most other countries. Using a time series based gravity model, this paper investigates the main determinants of this increase. The empirical...
Persistent link: https://www.econbiz.de/10011374425
This chapter provides a broad overview of the upward trends in financial globalization and foreign direct investment … and asks whether and how financial globalization is linked with the foreign direct investment decisions of non … financial globalization provides a reduction in broadly defined transaction costs which can boost both trade and foreign direct …
Persistent link: https://www.econbiz.de/10011563060
We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North by developing the basic linkages between trade-based integration and relative wages in an Ethier-type division of labor model. Using this model we identify a formal relationship between...
Persistent link: https://www.econbiz.de/10011334843
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Persistent link: https://www.econbiz.de/10000959250
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This paper analyses the national tax treatment of interestexpenditures of multinational enterprises in a non-cooperative world. It is shown that the international tax systemgenerally leads to distortions in the capitaldecisions of multinational firms. In contrast to the existingliterature on the...
Persistent link: https://www.econbiz.de/10011303290
By combining two large data sets (on international trade flows and cross-border mergers and acquisitions - M&As), we test two implications of Neary’s (2003, 2007) general oligopolistic equilibrium (GOLE) model (incorporating strategic interaction between firms in a general equilibrium...
Persistent link: https://www.econbiz.de/10011374427
Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between …
Persistent link: https://www.econbiz.de/10011378320