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This paper considers two central problems in our statistical frameworks which impair the ability to use wealth to assess economic sustainability or the impacts of economic downturns. Some increases in wealth may reflect increased economic rents—in particular, land and exploitation rents—and...
Persistent link: https://www.econbiz.de/10013019127
We develop a consistent and comprehensive theoretical framework for assessing whether economic growth is compatible with sustaining well-being over time. The framework focuses on whether a comprehensive measure of wealth - one that accounts for natural capital and human capital as well as...
Persistent link: https://www.econbiz.de/10013135234
The empirical analysis in quot;International Ramp;D Spilloversquot; (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results...
Persistent link: https://www.econbiz.de/10012759295
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012759694
specialized in the source country. Consequently, FDI investors would make investment, both larger, and of higher quality (namely … coefficients, reflect a more significant role for FDI in the domestic investment process than other types of capital inflows …The paper surveys a theory of FDI, which captures a unique feature: hands-on management standards, that enable …
Persistent link: https://www.econbiz.de/10012762983
Since 1950, the economies of East Asia grew rapidly but received little inter-national capital, while Latin America received considerable international capitaleven as their economies stagnated. The literature typically explains the failureof capital to flow to high growth regions as resulting...
Persistent link: https://www.econbiz.de/10013011451
We contribute to the long debated issue of whether inward foreign direct investment (FDI) can stimulate investment in … of FDI on total investment – measured as the ratio of gross fixed capital formation to GDP – but only if multinational … developing countries by introducing a novel measure of FDI, based on industry-level data. Our results suggest a positive impact …
Persistent link: https://www.econbiz.de/10012965418
This paper asks whether startups react more to changing investment opportunities than more mature firms do. We use the … nation-wide manufacturing shocks to develop an instrument for changing investment opportunities, and examine employment …
Persistent link: https://www.econbiz.de/10013034345
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … capital. The model nests structural gravity sub-systems for FDI and trade, with accumulation/decumulation of phyisical and … technology capital in transition to the steady state. The empirical importance of the FDI channel is demonstrated comparing …
Persistent link: https://www.econbiz.de/10012948432
This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates …. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other … countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story …
Persistent link: https://www.econbiz.de/10012784973