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productivity and that they impact the degree of R&D spillovers …
Persistent link: https://www.econbiz.de/10014400689
than 40 percent of the volatility of aggregate sales. Although quite large, this contribution is smaller than documented in …
Persistent link: https://www.econbiz.de/10012795043
How does access to credit impact consumption volatility? Theory and evidence from advanced economies suggests that … volatile than income, indicates that financial reform further increases the volatility of consumption relative to output. We … consumption volatility. Calibration of the model for pre and post financial reform in India provides support for the model's key …
Persistent link: https://www.econbiz.de/10014395178
Based on U.S. data, the returns on foreign direct investment in emerging markets are shown to be substantially higher than would be suggested by official balance of payments statistics. This paper identifies the determinants of FDI profitability in 43 industrialized and developing countries....
Persistent link: https://www.econbiz.de/10014399589
The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper revisits the question, with a focus on decomposing portfolio performance into asset allocation and security selection. We document signicant differences in exposure to systematic...
Persistent link: https://www.econbiz.de/10014395250
Persistent link: https://www.econbiz.de/10012392467
Persistent link: https://www.econbiz.de/10009423201
This paper investigates the determinants of FDI inflows to emerging market economies, concentrating on the effects of economic policies. The empirical analysis also addresses the role of external push factors and of political stability using a domestic conflict events database. The results...
Persistent link: https://www.econbiz.de/10014398521
(FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …
Persistent link: https://www.econbiz.de/10014403965
Over the past two decades, the growth rate of outward foreign direct investment (FDI) from developing and transition economies has increased significantly. Given the role of physical capital accumulation in determining the economic growth rate, it is important to assess how domestic investment...
Persistent link: https://www.econbiz.de/10014395382