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We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9\% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …
Persistent link: https://www.econbiz.de/10012948432
international capital flows or, equivalently, between domestic saving rates and domestic investment. The basic conclusion of the … present analysis is that an increase in domestic saving has a substantial effect on the level of domestic investment although … no support for the view that the estimated saving-investment relation reflects a spurious impact of an omitted economic …
Persistent link: https://www.econbiz.de/10013245725
This paper reviews some of the main recent developments in U.S.trade and overseas investment against the background of … world. The commodity distributionof trade has moved toward being in large part an exchange of U.S. manufactured goods for ….S.share of world trade which began around 1950 has slowed down or evenstopped, as has the fall in the terms of trade of the …
Persistent link: https://www.econbiz.de/10013235307
This paper presents and analyzes the data on the trends in United States international trade and investment since World … and strengthening of lines of comparative advantage, and balanced and rapid growth in long-term investment. We can also … see increasing volatility of trade and long-term investment in the 1970s, along with a real depreciation of 25 percent in …
Persistent link: https://www.econbiz.de/10013324157
, we provide a synopsis of China’s foreign trade and investment both in terms of patterns and volumes. The paper highlights …
Persistent link: https://www.econbiz.de/10013292241
since the 1950s. Growth accelerations tend to be correlated with increases in investment and trade, and with real exchange …
Persistent link: https://www.econbiz.de/10013321621
merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent … explicitly for whether the trade and investment effects are significantly different after PTA formation than before accounts for … less favourable finding in this study. It is also possible for PTAs to have adverse effects on investment flows. If …
Persistent link: https://www.econbiz.de/10013234974
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
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
This paper extends previous research on the effect of investment on labor productivity at the country level by … accounting for investment in R&D, as well as for investment in fixed and human capital. Privately-funded R&D investment is found … social (national) rate of return to private R&D investment is about seven times as large as the return to investment in …
Persistent link: https://www.econbiz.de/10013321592