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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
Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...
Persistent link: https://www.econbiz.de/10012677519
than previous consensus values (attributed to a systematic bias from FDI data); and consistent with 'implicit' profit …
Persistent link: https://www.econbiz.de/10015059218
(MNEs) has become more pressing. Foreign Direct Investment (FDI) statistics, which capture financing aspects of MNEs, have … practice into question. This paper revisits the main objections to the use of FDI as a proxy for multinational production …, explores counterarguments, and provides guidance on the use of FDI statistics to measure multinational production …
Persistent link: https://www.econbiz.de/10015059400
strong evidence that FDI and portfolio equity liabilities boost TFP growth while external debt is actually negatively …
Persistent link: https://www.econbiz.de/10012677369
to export manufactures, greater openness to FDI, and avoidance of exchange rate overvaluation favorable for durati …
Persistent link: https://www.econbiz.de/10012677563
Persistent link: https://www.econbiz.de/10012691193
We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...
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
Major output collapses are costly and frequent in the developing world. Using cross-country data, we classify five …
Persistent link: https://www.econbiz.de/10015059959