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We exploit the designs of two separate U.S. refugee dispersal policies to provide causal evidence that refugees foster outward FDI to their countries of origin. Drawing upon aggregated individual-level refugee and project-level FDI data, we first leverage the quasi-random distribution of...
Persistent link: https://www.econbiz.de/10012843730
Large wage differences between countries ("place premiums") are well documented. Theory suggests that factor price convergence should follow increased migration, capital flows, and commercial integration. All three have increased between the United States and Mexico over the last 25 years. This...
Persistent link: https://www.econbiz.de/10013016278
The international economic debate on the Transatlantic Trade and Investment Partnership (TTIP) has focused mainly on trade induced real income gains while the FDI related and innovation induced benefits have been largely neglected, although the EU and the US are leading FDI host countries and...
Persistent link: https://www.econbiz.de/10012948641
We propose occupational decisions of heterogeneous individuals as an alternative mechanism of explaining the distribution of firm productivities emphasized by empirical studies. Thus, we integrate the frameworks of Melitz (2003), and of Manasse and Turrini (2001) that establish the theoretical...
Persistent link: https://www.econbiz.de/10013129918
We study the impact of intra-industry trade and capital mobility on steady state welfare and on the stability properties of two countries with identical technologies and preferences. We consider a two-factor overlapping generations model, featuring one-sector of differentiated goods with taste...
Persistent link: https://www.econbiz.de/10013250260
Since the demise of the Bretton Woods system, the yen has seen several episodes of strong appreciation, including in the late 1970s, after the 1985 Plaza Agreement, the early and late 1990s and after 2008. These appreciations have not only been associated with "expensive yen recessions"...
Persistent link: https://www.econbiz.de/10012863763
China's government is promoting the shift towards a consumption-based economy since a few years. The explicit goal to … paper, we raise the hypothesis that soaring wages negatively affect FDI inflows to China and alter the distribution of FDI … the distribution of FDI within China. In addition, we show that the changes in China's economic strategy improve the …
Persistent link: https://www.econbiz.de/10012985666
Since the 1980s, China's government has eased restrictions on internal migration. This easing, along with rapid growth … China, especially during the 1990s. However, other important economic and socio-political determinants of interprovincial … gravity model of interprovincial migration in China that includes as explanatory variables: migrant networks in the …
Persistent link: https://www.econbiz.de/10013316917
(SOEs) on employment growth, using firm level data for China and a combination of propensity score matching and difference …
Persistent link: https://www.econbiz.de/10013317362
We investigate whether inward FDI, either at the firm or industry level, has any impact on product innovation by Chinese State owned enterprises (SOEs). We use a comprehensive firm level panel data set of Chinese SOEs covering the period 1999 to 2003. Our results show that foreign capital...
Persistent link: https://www.econbiz.de/10013318130