Narrow search
Showing 1 - 10 of 240
Cover Image
Interest Rate Hysteresis in Macroeconomic Investment under Uncertainty
Belke, Ansgar H.; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …
Persistent link: https://www.econbiz.de/10012141203
Cover Image
Interest Rate Bands of Inaction and Play-Hysteresis in Domestic Investment: Evidence for the Euro Area
Belke, Ansgar H.; Frenzel Baudisch, Coletta; Göcke, … - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability …. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank … impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate …
Persistent link: https://www.econbiz.de/10012141204
Cover Image
Does Foreign Entry Spur Innovation?
Gorodnichenko, Yuriy; Svejnar, Jan; Terrell, Katherine - 2015
Our estimates, based on large firm-level and industry-level data sets from eighteen countries, suggest that FDI and trade have strong positive spillover effects on product and technology innovation by domestic firms in emerging markets. The FDI effect is more pronounced for firms from advanced...
Persistent link: https://www.econbiz.de/10011307480
Cover Image
Corruption, Networking and Foreign Ownership: Recent Evidence from CEE Countries
Pal, Sarmistha - 2013
returns to foreign investment at very high level of corruption, giving rise to negative or even an insignificant relationship …
Persistent link: https://www.econbiz.de/10010329038
Cover Image
When Does FDI Have Positive Spillovers? Evidence from 17 Transition Market Economies
Gorodnichenko, Yuriy; Svejnar, Jan; Terrell, Katherine - 2013
and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the …
Persistent link: https://www.econbiz.de/10010329186
Cover Image
Incentive Pay and Performance: Insider Econometrics in a Multi-Unit Firm
Bogaard, Hein; Svejnar, Jan - 2013
We exploit organizational reforms in a foreign-owned bank in Central-East Europe to study the implementation of modern HRM policies in an emerging market context. We have branch-level data and use our knowledge of the process that led to the adoption of the reforms to implement two estimators...
Persistent link: https://www.econbiz.de/10010329194
Cover Image
Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse?
Danakol, Seçil Hülya; Estrin, Saul; Reynolds, Paul; … - 2013
This paper explores the effects of foreign direct investment, measured by mergers and acquisitions, on domestic …
Persistent link: https://www.econbiz.de/10010329213
Cover Image
FDI Impact on Firm Performance in Enlarged Europe: Evidence from a Meta-Regression Analysis
Bruno, Randolph Luca; Cipollina, Maria - 2014
This paper combines, explains and summarizes recent findings from the empirical literature focusing on the FDI's effect on firms' performances by collecting all the relevant firm level quantitative studies to run a regression of regressions focused on Enlarged Europe. The results show that there...
Persistent link: https://www.econbiz.de/10010352278
Cover Image
Turbulence, Firm Decentralization and Growth in Bad Times
Aghion, Philippe; Bloom, Nicholas; Lucking, Brian; … - 2017
What is the optimal form of firm organization during "bad times"? Using two large micro datasets on firm decentralization from US administrative data and 10 OECD countries, we find that firms that delegated more power from the Central Headquarters to local plant managers prior to the Great...
Persistent link: https://www.econbiz.de/10011653434
Cover Image
Gender Pay Gap Patterns in Domestic and Foreign-Owned Firms
Magda, Iga; Salach, Katarzyna - 2019
We investigate differences in gender wage gaps between foreign-owned and domestically-owned firms in Poland, a country that has experienced large FDI inflows over the past three decades. In line with the findings of several other studies, we show that according to standard estimates of adjusted...
Persistent link: https://www.econbiz.de/10012059183