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This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a large sample of countries. We find that de jure capital...
Persistent link: https://www.econbiz.de/10012677369
We identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries...
Persistent link: https://www.econbiz.de/10012677563
increases in employment and output rather than only in wages; and (2) even though the domestic saving rate is high, foreign …
Persistent link: https://www.econbiz.de/10012677576
This paper studies how output fluctuations in Russia are transmitted internationally. Using vector autoregression (VAR) and dynamic panel models, the paper finds that Russia's output fluctuations are an important driver of output fluctuations of countries in the region, especially for oil...
Persistent link: https://www.econbiz.de/10015059091
Intro -- Contents -- I. INTRODUCTION -- II. DATA -- III. ECONOMETRIC PRELIMINARIES -- IV. "INTERNATIONAL R&D SPILLOVERS" REVISITED -- V. INSTITUTIONS AND INTERNATIONAL R&D SPILLOVERS -- VI. CONCLUSIONS -- APPENDIX A: ALTERNATIVE SPECIFICATION -- APPENDIX B: DATA SOURCES AND DEFINITIONS --...
Persistent link: https://www.econbiz.de/10012682177
Intro -- Contents -- I. INTRODUCTION -- II. BEHAVIOR OF DIFFERENT TYPES OF FINANCIAL FLOWS -- III. BEHAVIOR DURING SUDDEN STOPS IN FINANCIAL FLOWS -- IV. CONCLUSIONS AND POSSIBLE EXTENSIONS -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691174
Studying a large number of banks in various countries between 1999 and 2006, we document that foreign banks perform … deposits for funding. Foreign banks' performance improves over time, possibly as they adapt, and is better when the home … controlling for heterogeneity among foreign banks and help reconcile some contradictory results found in the litera …
Persistent link: https://www.econbiz.de/10012677516
that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares …
Persistent link: https://www.econbiz.de/10012677519
in inequality, financial globalization-and foreign direct investment in particular-is associated with an increase. A key …
Persistent link: https://www.econbiz.de/10014409050
the impact on a small developing economy of a stablecoin issued in a large foreign economy. The stablecoin provides … circumvention, increasing exposure to spillovers from foreign shocks. Unlike a domestic CBDC, a ban on stablecoin payments can …
Persistent link: https://www.econbiz.de/10015058885