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Cross-border mergers and Greenfield foreign direct investment

Stepanok, Ignat - 2012

I present a model of international trade and foreign direct investment (FDI), where FDI is comprised of greenfield FDI … model greenfield investors as the more productive group relative to M&A firms, which are in turn more productive than … exporters. The model has two symmetric countries and generates two-way flows of both M&A and greenfield FDI. Greater proximity …

Persistent link: https://www.econbiz.de/10010290036

Explaining shifts in the unemployment rate with productivity slowdowns and accelerations: a co-breaking approach

Schreiber, Sven - 2009

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U.S. data in a framework of infrequent mean shifts. Tests find (endogenously dated) shifts around 1974, 1986, and 1996, system techniques indicate that the shifts are common...

Persistent link: https://www.econbiz.de/10010265226

Die andere Seite Chinas: Strukturprobleme, Reformdefizite und verzögerte Aufholprozesse im chinesischen Binnenland

Raiser, Martin; Nunnenkamp, Peter - 1997

The success of economic reforms in China is often attributed to favourable starting conditions. Yet structural characteristics and the effects of fiscal decentralisation differ significantly between the prosperous coast and the laggard interior. We argue that the process of income convergence...

Persistent link: https://www.econbiz.de/10010265330

Markov or not Markov - this should be a question

Bickenbach, Frank; Bode, Eckhardt - 2001

Although it is well known that Markov process theory, frequently applied in the literature on income convergence, imposes some very restrictive assumptions upon the data generating process, these assumptions have generally been taken for granted so far. The present paper proposes, resp. recalls...

Persistent link: https://www.econbiz.de/10010265521

What drives endogenous growth in the United States?

Wesselbaum, Dennis - 2010

This paper estimates whether learning-by-doing effects or cleansing effects of recessions drive the endogenous component of productivity in the United States. Using Bayesian estimation techniques we find that external and internal learning-by-doing effects dominate. We find no evidence for...

Persistent link: https://www.econbiz.de/10010270032

Notes on factor price equality and biased technical change in a two-cone trade model

Becker, Daniel Thomas; Gundlach, Erich - 2006

We reconsider the effects of long-run economic growth on relative factor prices across cones of specialization. We model economic growth as exogenous technical change. Allowing for capital biased technical change with a sector bias and for endogenous commodity prices, we find that economic...

Persistent link: https://www.econbiz.de/10010272961

The Solow model in the empirics of growth and trade

Gundlach, Erich - 2006

Translated to a cross-country context, the Solow model (Solow, 1956) predicts that international differences in steady state output per person are due to international differences in technology for a constant capital output ratio. However, most of the cross-country growth literature that refers...

Persistent link: https://www.econbiz.de/10010272976

The growth performance of developing countries in the last thirty years: Who gained? - Who lost?

Siebert, Horst - 2006

This paper answers the question which developing countries have gained and which have lost in the international division of labor during the last thirty years. The indicators used are GDP per capita in constant purchasing power parity and relative distance to the United States. Nearly all...

Persistent link: https://www.econbiz.de/10010273124

Do multinational enterprises contribute to convergence or divergence? A disaggregated analysis of US FDI

Mayer-Foulkes, David; Nunnenkamp, Peter - 2005

It is a widely held belief that foreign direct investment (FDI) has a positive effect on economic growth. We test this hypothesis by performing convergence regressions derived from a model of endogenous technological change. We estimate the rate of growth in per-capita income, relative to the...

Persistent link: https://www.econbiz.de/10010273167

Gibt es auf lange Sicht eine internationale Konvergenz der Pro-Kopf-Einkommen?

Paqué, Karl-Heinz - 1995

This paper is a preliminary appraisal ofthe stylised facts and the major open questions - both methodological and Substantive - that have emerged in the empirical literature on international per-capita income and productivity convergence. On basis of various distinctivc lines of reasoning, it is...

Persistent link: https://www.econbiz.de/10010275241

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