Similar Search Results

The Role of Information in Driving FDI Flows : Host-Country Tranparency and Source Country Specialization

Mody, Ashoka; Razin, Asaf; Tsadḳah, Efrayim - 2021

We develop a simple information-based model of FDI flows. On the one hand, the abundance of intangible' capital in … countries, enhances FDI flows. On the other hand, host-country corporate-transparency diminishes the value of this expertise … thereby reducing the flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980 …

Persistent link: https://www.econbiz.de/10013226163

The Trade and Investment Effects of Preferential Trading Arrangements

Dee, Philippa S.; Gali, V. Jyothi - 2021

This study quantifies the impact of traditional and new age' provisions of preferential trading arrangements (PTAs) on merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent and some past PTAs are not as benign as some...

Persistent link: https://www.econbiz.de/10013234974

The Role of Information in Driving FDI : Theory and Evidence

Razin, Asaf; Mody, Ashoka; Tsadḳah, Efrayim - 2021

We develop a simple information-based model of FDI flows in which the abundance of intangible' capital in the source … countries, which generates expertise in cream-skimming investment projects in the host countries and enhances FDI flows … flow of FDI. Empirical evidence (from a sample of 12 source countries and 45 host countries over the 1980s and 1990s) which …

Persistent link: https://www.econbiz.de/10013233009

How Wide is the Firm Border?

Atalay, Enghin - 2017

We examine the within- and across-firm shipment decisions of tens of thousands of goods-producing and distributing establishments. This allows us to quantify the normally unobservable forces that determine firm boundaries; which transactions are mediated by ownership control, as opposed to...

Persistent link: https://www.econbiz.de/10012948066

Gravity in FX R-Squared : Understanding the Factor Structure in Exchange Rates

Lustig, Hanno - 2017

We relate the risk characteristics of currencies to measures of physical, cultural, and institutional distance. The currencies of countries which are more distant from other countries are more exposed to systematic currency risk. This is due to a gravity effect in the factor structure of...

Persistent link: https://www.econbiz.de/10012948084

Slicing the Pie : Quantifying the Aggregate and Distributional Effects of Trade

Galle, Simon - 2017

We develop a multi-sector gravity model with heterogeneous workers to quantify the aggregate and group-level welfare effects of trade. We estimate the model using the structural relationship between China-shock driven changes in manufacturing employment and average earnings across US groups...

Persistent link: https://www.econbiz.de/10012948914

Digital Labor Markets and Global Talent Flows

Horton, John J. - 2017

Digital labor markets are rapidly expanding and connecting companies and contractors on a global basis. We review the environment in which these markets take root, the micro- and macro-level studies of their operations, their ongoing evolution and recent trends, and perspectives for undertaking...

Persistent link: https://www.econbiz.de/10012956400

Market Potential and Global Growth Over the Long Twentieth Century

Jacks, David S. - 2016

We examine the evolution of market potential and its role in driving economic growth over the long twentieth century. Theoretically, we exploit a structural gravity model to derive a closed-form solution for a widely-used measure of market potential. We are thus able to express market potential...

Persistent link: https://www.econbiz.de/10012981102

Currency Wars? Unconventional Monetary Policy Does Not Stimulate Exports

Rose, Andrew - 2018

I investigate whether countries that use unconventional monetary policy (UMP) experience export booms. I use a popular gravity model of trade which requires neither the exogeneity of UMP, nor instrumental variables for UMP. In practice, countries that engage in UMP experience a drop in exports...

Persistent link: https://www.econbiz.de/10012914713

Gravity and Comparative Advantage : Estimation of Trade Elasticities for the Agricultural Sector

Heerman, Kari - 2018

In this paper, a structural gravity model is presented which features intra-sector heterogeneity in agricultural productivity systematically linked to land and climate characteristics. The “systematic heterogeneity” (SH) gravity model predicts that countries with similar land and climate...

Persistent link: https://www.econbiz.de/10012915644