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Direct Investment, Rising Real Wages and the Absorption of Excess Labor in the Periphery
Dooley, Michael P. - 2012
This paper sets out the political economy behind Asian governments' participation in a revived Bretton Woods System. The overriding problem for these governments is to rapidly integrate a large pool of underemployed labor into the industrial sector. The principal constraints are inefficient...
Persistent link: https://www.econbiz.de/10013103790
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China's FDI and Non-Fdi Economies and the Sustainability of Future High Chinese Growth
Whalley, John - 2010
This paper presents assesses of the contribution of inward FDI to China%u2019s recent rapid economic growth using a two … Chinese economy. These enterprises account for over 50% of China%u2019s exports and 60% of China%u2019s imports. Their share … decomposition results indicate that China%u2019s FIEs may have contributed over 40% of China%u2019s economic growth in 2003 and 2004 …
Persistent link: https://www.econbiz.de/10012761556
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Chinese Outwards Mercantilism – the Art and Practice of Bundling
Aizenman, Joshua - 2015
data and macroeconomic covariates, we find positive association of Chinese trade and financial flows with China's outward … strengthened by the provision of RMB swap-line agreements with China's trading partners. The evidences support the conjecture that …
Persistent link: https://www.econbiz.de/10013024505
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Exports and Slow Economic Growth in the Lower South Region, 1720-1800
Mancall, Peter C.; Rosenbloom, Joshua L.; Weiss, Thomas - 2021
For the past generation scholars have emphasized that the Lower South was one of the most economically successful regions of British mainland North America, and perhaps the most successful. Planters, the primary economic actors, made extensive use of slave labor and created a successful...
Persistent link: https://www.econbiz.de/10013225834
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From Groundnuts to Globalization : A Structural Estimate of Trade and Growth
Broda, Christian M. - 2010
Starting with Romer [1987] and Rivera-Batiz-Romer [1991] economists have been able to model how trade enhances growth through the creation and import of new varieties. In this framework, international trade increases economic output through two channels. First, trade raises productivity levels...
Persistent link: https://www.econbiz.de/10012760652
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The Global Spatial Distribution of Economic Activity : Nature, History, and the Role of Trade
Henderson, J. Vernon - 2016
We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...
Persistent link: https://www.econbiz.de/10012994896
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Japanese and U.S. Exports and Investment as Conduits of Growth
Eaton, Jonathan; Tamura, Akiko - 2021
We develop a simple model of the choice between exploiting a technology in another country via export and via direct foreign investment. The model points to the destination country's size, level of technological sophistication, and distance from the source as factors in the decision. Moreover,...
Persistent link: https://www.econbiz.de/10013225821
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What Drives Home Market Advantage?
Cosar, Kerem - 2015
In the automobile industry, as in many tradable goods markets, firms usually earn their highest market share within their domestic market. The goal of this paper is to disentangle the supply- and demand-driven sources of the home market advantage. While trade costs, foreign production costs, and...
Persistent link: https://www.econbiz.de/10013014669
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Does Foreign Entry Spur Innovation?
Gorodnichenko, Yuriy - 2015
Using large firm-level and industry-level data sets from eighteen countries, we find that foreign direct investment (FDI) and trade have positive spillover effects on product and technology innovation by domestic firms in emerging markets. The FDI effect is more pronounced for firms from...
Persistent link: https://www.econbiz.de/10013015978
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The Micro Origins of International Business Cycle Comovement
di Giovanni, Julian - 2016
This paper investigates the role of individual firms in international business cycle comovement using data covering the universe of French firm-level value added, bilateral imports and exports, and cross-border ownership over the period 1993-2007. At the micro level, controlling for firm and...
Persistent link: https://www.econbiz.de/10013001212