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The Investment Technology of Foreign and Domestic Institutional Investors in an Emerging Market
Patnaik, Ila - 2013
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
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Foreign Direct Investment in Emerging Markets : Income, Repatriations and Financial Vulnerabillities
Lehmann, Alexander - 2002
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
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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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Does the stock market boost firm innovation? : evidence from Chinese firms
He, Hui; Li, Hanya; Zhang, Jinfan - 2017
The paper analyses the effect of the stock market on firm innovation through the lens of initial public offering (IPO … firm innovation activity. In addition, IPOs expand a firm's scope of innovation beyond its core business. The impact of … IPOs on firm innovation varies across financial constraints, corporate governance, and ownership structures. Our results …
Persistent link: https://www.econbiz.de/10011704926
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How does profit shifting affect the balance of payments?
Hebous, Shafik; Klemm, Alexander; Wu, Yuou - 2021
Profit shifting by multinational enterprises-through manipulation of transfer prices of related-party trade, intragroup lending, or the location of intangibles-affects international flows, raising the question of its impact on the current account and external balances. This paper approaches this...
Persistent link: https://www.econbiz.de/10012518311
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An assessment of global formula apportionment
Mooij, Ruud A. de; Liu, Li; Prihardini, Dinar - 2019
Formula apportionment as a way to attribute taxable profits of multinationals across jurisdictions is receiving …
Persistent link: https://www.econbiz.de/10012112121
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Western Hemisphere : a survey of gender budgeting efforts
Pérez Fragoso, Lucía; Rodríguez, Corina - 2016
Gender budgeting is an approach to fiscal policy and administration that integrates considerations of women's equality and advancement into the budget. Latin American countries have undertaken diverse gender budgeting initiatives, most of them addressing public expenditures. This paper surveys...
Persistent link: https://www.econbiz.de/10011715109
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Technology and the future of work
Peralta-Alva, Adrian; Roitman, Agustin - 2018
This paper uses a DSGE model to simulate the impact of technological change on labor markets and income distribution. It finds that technological advances offers prospects for stronger productivity and growth, but brings risks of increased income polarization. This calls for inclusive policies...
Persistent link: https://www.econbiz.de/10011932374
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Make in India : which exports can drive the next wave of growth?
Anand, Rahul; Kochhar, Kalpana; Mishra, Saurabh - 2015
environment for innovation and entrepreneurship to draw the economy into higher productivity activities …
Persistent link: https://www.econbiz.de/10011374731
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A quantitative model for the integrated policy framework
Adrian, Tobias; Erceg, Christopher J.; Lindé, Jesper; … - 2020
Many central banks have relied on a range of policy tools, including foreign exchange intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of volatile capital flows on their economies. We develop an empirically-oriented New Keynesian model to evaluate and quantify...
Persistent link: https://www.econbiz.de/10012299311