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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
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
weakness in economic activity, particularly investment, has been the primary restraint on trade growth, accounting for over 80 …
Persistent link: https://www.econbiz.de/10011763603
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
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 and allocating real investment to ultimate investor economies. We find that …
Persistent link: https://www.econbiz.de/10012155009
This paper explores, from an investment-saving perspective, the factors underlying the persistent widening of the … current account surplus in the Netherlands since the early 1980s. Standard intertemporal models, even appropriately extended …
Persistent link: https://www.econbiz.de/10014396178
investment, which has probably exacerbated the cyclicality of the economy. The expected reform of the pension system is likely to …
Persistent link: https://www.econbiz.de/10012796312
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
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