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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
Over the past two decades, the growth rate of outward foreign direct investment (FDI) from developing and transition …, it is important to assess how domestic investment responds to such outflows. This study empirically examines the effects … of outward FDI on domestic investment in developing countries. Using data from 121 developing and transition economies …
Persistent link: https://www.econbiz.de/10014395382
The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper …
Persistent link: https://www.econbiz.de/10014395250
This paper assesses the real effects of the energy reform in Mexico by looking at its impact on manufacturing output through changes in energy prices. Using sub-sector and state-level manufacturing output data, along with past variation in energy prices, we find electricity prices--relative to...
Persistent link: https://www.econbiz.de/10011281920
electricity dispatching or tariff setting), stochastic generation costs, and initial conditions, affect investment in generation …
Persistent link: https://www.econbiz.de/10011705680
This paper examines the level and structure of fiscal revenues from the Baltics, Russia, and other former Soviet Union …
Persistent link: https://www.econbiz.de/10014399944
The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for...
Persistent link: https://www.econbiz.de/10012009568
This paper discusses payments arrears in the Russian Federation and Ukraine, with emphasis on the gas and electric power sectors. Payments arrears, which were triggered primarily by the dislocations experienced during the transition from a centrally planned to a market economy, have reached...
Persistent link: https://www.econbiz.de/10014403291
determining a multinational’s choice between exports and foreign investment. The hypotheses from the model are tested for the … multilateral investment agreement that could function as an agency of restraint …
Persistent link: https://www.econbiz.de/10014400938
Persistent link: https://www.econbiz.de/10009726541