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Persistent link: https://www.econbiz.de/10012124994
The long-run determinants of euro area FDI to the United States during the period 1980-2001 are explained by employing the Tobin's Q-model of investment. By using the fixed effects panel estimator, stock market developments in the euro area countries - including a measure adjusted for economic...
Persistent link: https://www.econbiz.de/10009636552
In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show theoretically and empirically that the single currency alters the drivers of FDI inflows across its Member States. Estimating bilateral gravity models of FDI inflows into euro area...
Persistent link: https://www.econbiz.de/10011999066
This paper investigates the role of economic structures as determinants of FDI inflows. We expand on the existing literature by focusing on advanced economies, using a newly available measure of FDI which cleans the data from statistical artefacts, such as financial round tripping, and by...
Persistent link: https://www.econbiz.de/10011647827
This paper studies how the Covid-19 pandemic and the extensive job retention support that accompanied it affected productivity in Europe. The focus is on the reallocation channel and productivity-enhancing reallocation of jobs, following Foster et al., 2016. An extensive micro-distributed...
Persistent link: https://www.econbiz.de/10014558877
In this paper we analyse to what extent the outward shift in the Portuguese Beveridge curve since 2007 has been due to structural or cyclical factors and how likely the outward shift will persist. We do this by empirically estimating the Beveridge curve in a Markov-switching panel setting with...
Persistent link: https://www.econbiz.de/10011636179
In this paper a simultaneous-equations model of firm closing and wage determination is specified in order to analyse how wages adjust to unfavorable product demand shocks that raise the risk of displacement through firm closing, and to what extent an exogenous wage change affects the exit...
Persistent link: https://www.econbiz.de/10003971175
between jurisdictions lowers the perceived excess burden of distortionary taxation and thereby raises its attractiveness from … taxation serves as a Pigouvian intervention to correct externalities. The empirical analysis supports redistribution between … jurisdictions as important, but insufficient, to fully explain the observed reliance on distortionary taxation. Among the remaining …
Persistent link: https://www.econbiz.de/10011929809
In this paper we investigate how income growth rates in one country are affected by growth rates in partner countries, testing for the importance of pairwise country links as well as characteristics of the receiving country (trade and financial open- ness, exchange rate regime, fiscal...
Persistent link: https://www.econbiz.de/10011636280
Persistent link: https://www.econbiz.de/10013188769