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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 … the domestic investment and output growth regressions relative to the portfolio equity flow and international loan … coefficients, reflect a more significant role for FDI in the domestic investment process than other types of capital inflows …
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 …
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 …
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
Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market …
Persistent link: https://www.econbiz.de/10012785626
strong agglomeration economies in Japanese investment. Two policy variables are consistently shown to influence the location … of investment - foreign trade zones and labor subsidies. We use simulations to explore the impact these policies had on … the geographic distribution of Japanese investment. The simulations reveal that in aggregate promotion programs largely …
Persistent link: https://www.econbiz.de/10012774874