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country. Using firm-level data on cross-border mergers and acquisitions (M&A) and corporate governance in 22 countries, we …
Persistent link: https://www.econbiz.de/10014394542
We use data on the sources of debt finance of U.S. majority-owned foreign affiliates in 53 countries over the period 1983 to 2001 to examine the role of financial market development, and exposure to host country-specific risk on the financing choices of these affiliates. We find that total...
Persistent link: https://www.econbiz.de/10014404176
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
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity gains for domestic firms. The size of FDI spillovers is...
Persistent link: https://www.econbiz.de/10014403965
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
. Moreover, China's rising overseas investment can be linked to the rebalancing of Chinese economy, and LAC stands to benefit … from its complementarity vis-a-vis China in sectors where the rising Chinese overseas investment can be met with LAC's own …Over the last decade China's investment in Latin America and the Caribbean (LAC) has increased substantially in volume …
Persistent link: https://www.econbiz.de/10012612332
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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