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What drives innovation? : lessons from COVID-19 R&D
Agarwal, Ruchir; Gaulé, Patrick - 2021
To examine the drivers of innovation, this paper studies the global R and D effort to fight the deadliest diseases and … and innovation can be very large, as demonstrated by aggregate flow of clinical trials increasing by 38% in 2020, with …, while economists are naturally in favor of market size as a driving force for innovation (i.e.'if the market size is …
Persistent link: https://www.econbiz.de/10012518690
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International R and D Spillovers and Institutions
Hoffmaister, Alexander W. - 2008
The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...
Persistent link: https://www.econbiz.de/10014400689
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International RandD Spillovers
Helpman, Elhanan - 1993
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395947
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The Bright and the Dark Side of Cross-Border Banking Linkages
Muñoz, Sònia - 2011
prone to a banking crisis? Using model simulations and econometric estimates based on a world-wide dataset, we find an M …
Persistent link: https://www.econbiz.de/10014398526
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Global firms, national corporate taxes : an evolution of incompatibility
Hebous, Shafik - 2020
How did the rise of multinational enterprises (MNEs) put pressure on the prevailing international corporate tax framework? MNEs, and firms with market power, are not new phenomena, nor is the corporate income tax, which dates to the early 20th century. This prompts the question, what is...
Persistent link: https://www.econbiz.de/10012301968
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What is real and what is not in the global FDI network?
Damgaard, Jannick; Elkjaer, Thomas; Johannesen, Niels - 2019
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom investment...
Persistent link: https://www.econbiz.de/10012155009
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unFEAR : unsupervised feature extraction clustering with an application to crisis regimes classification
Chan-Lau, Jorge A.; Wang, Ran - 2020
novel mode contrastive autoencoder to group episodes into time-invariant non-overlapping clusters, each of which could be …
Persistent link: https://www.econbiz.de/10012392653
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Innovation and corporate cash holdings in the era of globalization
Adler, Konrad; Ahn, JaeBin; Dao, Mai - 2019
major G7 countries during 1995-2014, a period that saw an unprecedented rise in globalization and business innovation … can result in rising returns to innovation and in turn greater demand for cash as firms insure against innovation …
Persistent link: https://www.econbiz.de/10012001582
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Network determinants of cross-border merger and acquisition decisions
Didier, Tatiana; Herrador, Sebastián; Pinat, Magali - 2019
This paper assesses whether cross-border M and A decisions exhibit network effects. We estimate exponential random graph models (ERGM) and temporal exponential random graph models (TERGM) to evaluate the determinants of cross-country M and A investments at the sectoral level. The results show...
Persistent link: https://www.econbiz.de/10012154966
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International Spillovers of Taxiation
International Monetary Fund - 1989
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181