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Teaching Locals New Tricks : Foreign Experts as a Channel of Knowledge Transfers

Markusen, James R. - 2010

Gains from productivity and knowledge transmission arising from the presence of foreign firms have received a good deal of empirical attention, but theoretical micro-foundations for this mechanism are limited. Here we develop a dynamic model in which foreign experts may train domestic workers...

Persistent link: https://www.econbiz.de/10012760412

Foreign Direct Investment and Knowledge Diffusion in Poor Locations : Evidence from Ethiopia

Abebe, Girum Tefera - 2018

We quantify foreign direct investment (FDI) spillovers by comparing changes in total factor productivity (TFP) among domestic plants in districts that attracted a large greenfield foreign plant and districts where greenfield FDI was licensed but not yet operational. Treated and untreated...

Persistent link: https://www.econbiz.de/10012922992

Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan'S FDI in the United States

Branstetter, Lee - 2021

Recent empirical work has examined the extent to which international trade fosters international spillovers' of technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers. I introduce a framework for measuring...

Persistent link: https://www.econbiz.de/10013226164

Physical Capital, Knowledge Capital and the Choice between FDI and Outsourcing

Chen, Yongmin; Horstmann, Ignatius J.; Markusen, James R. - 2021

There exist two approaches in the literature concerning the multinational firm's mode choice for foreign production between an owned subsidiary and a licensing contract. One approach considers environments where the firm is transferring primarily knowledge-based assets. An important assumption...

Persistent link: https://www.econbiz.de/10013214625

The Price Impact of Joining a Currency Union : Evidence from Latvia

Cavallo, Alberto - 2014

consumption goods. We consider the case of Latvia, which recently dropped its pegged exchange rate and joined the euro zone. We … between Latvia and euro zone countries collapsed swiftly following entry to the euro. The percentage of goods with nearly … identical prices in Latvia and Germany increased from 6 percent to 89 percent. The median size of price differentials declined …

Persistent link: https://www.econbiz.de/10013052497

Coase V. The Coasians

Johnson, Simon - 2008

The Coase theorem implies that, in a world of positive transaction costs, any of a number of strategies, including judicially enforced private contracts, judicially enforced laws, or even government regulation, may be the cheapest way to bring about efficient resource allocation. Unfortunately,...

Persistent link: https://www.econbiz.de/10012774804

On the Speed of Transition Central Europe

Aghion, Philippe; Blanchard, Olivier J. - 2003

Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow...

Persistent link: https://www.econbiz.de/10014089271

Inflation Targeting in Transition Countries : Experience and Prospects

Jonas, Jiri; Mishkin, Frederic S. - 2021

This paper examines the inflation targeting experience in three transition countries: the Czech Republic, Poland and Hungary. While the examined countries have missed inflation targets often by a large margin, they nevertheless progressed well with disinflation. A key lesson from the experience...

Persistent link: https://www.econbiz.de/10013225557

Macroeconomic Policy and Institutions During the Transition to European Union Membership

Branson, William H.; Braga de Macedo, Jorge; von Hagen, … - 2021

A framework is developed for macroeconomic policy analysis in four countries of Central Europe (CE) in transition to EU membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre-Pegging Exchange Rate Regime (PPERR) appropriate for...

Persistent link: https://www.econbiz.de/10013225816

Winners and Losers from Sovereign Debt Inflows

Broner, Fernando; Martin, Alberto; Pandolfi, Lorenzo; … - 2022

We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries that are due to the announcements of these countries' inclusion in two major local-currency sovereign debt indexes. We show that these...

Persistent link: https://www.econbiz.de/10013289107

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