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Cross-Border Mergers and Greenfield Foreign Direct Investment

Stepanok, Ignat - Institut für Weltwirtschaft (IfW) - 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/10010887012

Do Multinational Enterprises Contribute to Convergence or Divergence? A Disaggregated Analysis of US FDI

Mayer-Foulkes, David; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 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/10010886931

Do large recessions reduce output permanently?

Hosseinkouchack, Mehdi; Wolters, Maik - Institut für Weltwirtschaft (IfW) - 2012

The slow recovery following the 2008/2009 recession has led to renewed interest in the question whether deep recessions lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile autoregression unit root test we check whether shocks to real GDP...

Persistent link: https://www.econbiz.de/10010886932

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

Raiser, Martin; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 1997

Persistent link: https://www.econbiz.de/10009276152

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

Paqué, Karl-Heinz - Institut für Weltwirtschaft (IfW) - 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/10009277800

The Growth Performance of Developing Countries in the Last Thirty Years. Who gained? Who Lost?

Siebert, Horst - Institut für Weltwirtschaft (IfW) - 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/10005755167

Markov or Not Markov, This Should Be a Question

Bickenbach, Frank; Bode, Eckhardt - Institut für Weltwirtschaft (IfW) - 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/10005755218

Notes on Factor Price Equality and Biased Technical Change in a Two-Cone Trade Model

Becker, Daniel; Gundlach, Erich - Institut für Weltwirtschaft (IfW) - 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/10005755277

The Solow Model in the Empirics of Growth and Trade

Gundlach, Erich - Institut für Weltwirtschaft (IfW) - 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/10005818789

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

Schreiber, Sven - Institut für Weltwirtschaft (IfW) - 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/10005818847

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