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magnitude and direction of FDI spillovers. We examine these spillover effects across the diverse ownership structure of China … FDI spillovers. During 1998-2007, the span of our Chinese firm-level data set, both tariffs and FDI tax holidays changed … dramatically. Our results highlight the efficacy of vertical FDI spillovers. We find that tariff reforms, particularly tariff …
Persistent link: https://www.econbiz.de/10013130551
of social spillovers. Individuals are either 'high' or 'low' types. Own outcomes may vary with the fraction of high types … study sorting in the presence of social spillovers by incorporating unobserved individual- and group-level heterogeneity. We …
Persistent link: https://www.econbiz.de/10013136555
appears to depend on the intensity of parent firm R&D (R&D per plant), not on the total amount; and (3) spillovers of research …&D. These results suggest that, despite the externalities created by spillovers of R&D, the `dilution' of R&D across multiple … target plants reduces its potency sufficiently that spillovers may not be a source of industry-wide or economy …
Persistent link: https://www.econbiz.de/10013137603
This paper builds a theory of the distribution of TFP across countries. The theory is based on the hypothesis that TFP improvements in a given country follow a Nelson-Phelps specification: they derive from past investments in the country itself and, through a spillover term, from past...
Persistent link: https://www.econbiz.de/10013138084
There has been an increased interest in the efficacy of industrial policy. We show that policy design for vertically-related industries hinges on the nature of market interactions as well as technological linkages. Using a model in which final-good producers realize productivity gains from...
Persistent link: https://www.econbiz.de/10013139876
The literature on the effects of foreign direct investment (FDI) and activities of multinational enterprises (MNEs) on host-countries has been almost exclusively focused on issues of productivity, growth and wages. We argue that this leaves quite a bit of important unexplored areas of inquiry,...
Persistent link: https://www.econbiz.de/10013114291
Our paper investigates spillover effects across different business segments of publicly traded mutual fund management companies. We find that the prior stock price performance of the management company has a significant impact on the money flows and the management turnover of the affiliated...
Persistent link: https://www.econbiz.de/10013121591
I develop a model in which a child's acquisition of a given form of human capital incentivizes adults in his household to either learn from him (if children act as teachers then adults' cost of learning the skill falls) or lean on him (if children's human capital substitutes for that of adults...
Persistent link: https://www.econbiz.de/10013122221
-country spillovers have an important impact, and also confirm those of our earlier papers that fiscal shocks have a larger impact when …
Persistent link: https://www.econbiz.de/10013097270
When a bank experiences a negative shock to its equity, one way to return to target leverage is to sell assets. If asset sales occur at depressed prices, then one bank's sales may impact other banks with common exposures, resulting in contagion. We propose a simple framework that accounts for...
Persistent link: https://www.econbiz.de/10013097784