Showing 1 - 10 of 498
This paper examines how regionalization in the face of globalization has affected financial development in the context …/projects with deposits; (3) increase in welfare has positively affected the intermediary role of banks; (4) globalization tends to …
Persistent link: https://www.econbiz.de/10009328128
When estimating regional inequality, many economists use inequality indices weighted by the regions' shares in the national population. Although this approach is widespread, its adequacy has not received attention in the regional science literature. This paper proves that such approach is...
Persistent link: https://www.econbiz.de/10012943787
Extreme Value Theory is increasingly used in the modelling of financial time series. The non-normality of stock returns leads to the search for alternative distributions that allows skewness and leptokurtic behavior. One of the most used distributions is the Pareto Distribution because it allows...
Persistent link: https://www.econbiz.de/10013109505
The recent trend of globalization has given rise to a new paradigm in international economics, i.e. the simultaneous … dynamic panel data approach. In contrast to previous studies, this paper used a dynamic panel data to solve the problems of …
Persistent link: https://www.econbiz.de/10011259604
This paper aims to examine the relationship between foreign direct investment and the globalization. The Portuguese … variable estimation of a dynamic panel model within a system generalized methods moments framework allows us to control for … potential correlation issues and endogeneity bias. The results show that the market size and globalization have a positive …
Persistent link: https://www.econbiz.de/10011109612
techniques to examine income inequality index and the index of globalization for panel data of 68 developing countries over the … the study is to determine the direction of impact of globalization on income distribution. This study hypothesises that … increased globalisation worsens income inequality, and vice versa. This hypothesis is investigated using panel data econometric …
Persistent link: https://www.econbiz.de/10011112674
In this paper we investigate how the different characteristics of European multinational firms affect their decision to locate in different foreign markets. Considering the existence of n geographically separated markets with different attributes, in terms of entry or fixed costs, variable...
Persistent link: https://www.econbiz.de/10011210472
We adopt the framework of Schumpeterian creative destruction formalized by Aghion et al. (2009) to analyze the impact of foreign entry on the productivity growth of domestic firms. In the face of foreign entry, domestic firms exhibit heterogeneous patterns of growth depending on their...
Persistent link: https://www.econbiz.de/10011259554
productive ones. I test this hypothesis for the Italian manufacturing sectors making use of both static and dynamic panel data …
Persistent link: https://www.econbiz.de/10009652952
We examine how multinational firms with heterogeneous total factor productivity (TFP) self-select into different host countries. Both aggregate- and firm-level estimates suggest that more productive French firms are more likely than their less efficient competitors to invest in relatively tough...
Persistent link: https://www.econbiz.de/10009294919