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Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between …
Persistent link: https://www.econbiz.de/10011378320
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
Persistent link: https://www.econbiz.de/10003851203
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
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
-cooperative world. It is shown that the international tax systemgenerally leads to distortions in the capitaldecisions of multinational …
Persistent link: https://www.econbiz.de/10011303290
Persistent link: https://www.econbiz.de/10009756315
In this paper we demonstrate that intra-industry trade (or FDI)between identical countries could produce theobserved deterioration in the relative wages of unskilled workers.This involves a model of North-Northintegration through either increased trade flows or increased MNE-based production....
Persistent link: https://www.econbiz.de/10011303867
Today’s global world is characterized not only by a high volume ofinternational trade and foreign investment relativeto …
Persistent link: https://www.econbiz.de/10011303880
Persistent link: https://www.econbiz.de/10001699811