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Learning Versus Stealing : How Important are Market-Share Reallocations to India's Productivity Growth?
Harrison, Ann E. - 2011
, firm-level data from India's organized manufacturing sector to show that market-share reallocations did play an important … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms …
Persistent link: https://www.econbiz.de/10013130973
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Trade in Business Services in General Equilibrium
Markusen, James R. - 2010
Trade in business services has been attracting attention from academic researchers, policy makers, and business journalists. While there are many anecdotes, there has been little in the way of formal theory applied to this issue. In this paper, we adapt a general model of fragmentation of...
Persistent link: https://www.econbiz.de/10012760467
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Emerging Market Business Groups, Foreign Investors, and Corporate Governance
Khanna, Tarun - 2010
-run business groups, domestic financial institutions, and foreign financial institutions. Using data from India in the early 1990s …
Persistent link: https://www.econbiz.de/10012763811
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Demographics and FDI : Lessons from China's One-Child Policy
Donaldson, John B. - 2018
to that of India, and, simultaneously, FDI inflows relative to GDP for China versus India declined. These observations … China relative to India. Our paper is a contribution to the nascent literature exploring demographic transitions and their …
Persistent link: https://www.econbiz.de/10012929003
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India'S Experience with Capital Flows : The Elusive Quest for a Sustainable Current Account Deficit
Shah, Ajay; Patnaik, Ila - 2021
From the early 1990s onwards, India has engaged in policies involving trade liberalisation, strong controls on debt …
Persistent link: https://www.econbiz.de/10013247425
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Can Free Entry Be Inefficient? Fixed Commissions and Social Waste in the Real Estate Industry
Hsieh, Chang-Tai - 2010
Real estate agents in the US typically charge a 6 percent commission, regardless of the price of the house sold. As a consequence, the commission fee from selling a house will differ dramatically across cities depending on the average price of housing, although the effort necessary to match...
Persistent link: https://www.econbiz.de/10012762981
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An Equilibrium Analysis of Real Estate
Grenadier, Steven R. - 2009
This paper provides a unified equilibrium approach to valuing a wide variety of commercial real estate lease contracts. Using a game-theoretic variant of real options analysis, the underlying real estate asset market is modeled as a continuous-time Nash equilibrium in which developers make...
Persistent link: https://www.econbiz.de/10012767771
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Taxing and Subsidizing Housing Investment : The Rise and Fall of Housing's Favored Status
Hendershott, Patric H. - 2015
This paper surveys and interprets a wide body of literature on the taxation and subsidization of investment in owner-occupied and rental housing. Where available, the study considers experiences outside of the United States. Issues addressed include what nonneutral taxation is, how...
Persistent link: https://www.econbiz.de/10012750783
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Firm Exports and Multinational Activity Under Credit Constraints
Manova, Kalina - 2011
This paper provides firm-level evidence that credit constraints restrict international trade flows and affect the sectoral pattern of multinational activity. Using detailed customs data from China, we show that foreign affiliates and joint ventures have better export performance than private...
Persistent link: https://www.econbiz.de/10013127980
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Transition to FDI Openness : Reconciling Theory and Evidence
McGrattan, Ellen R. - 2011
Empirical studies quantifying the economic effects of increased foreign direct investment (FDI) have not provided conclusive evidence that they are positive, as theory predicts. This paper shows that the lack of empirical evidence is consistent with theory if countries are in transition to FDI...
Persistent link: https://www.econbiz.de/10013130264