Narrow search
Showing 1 - 10 of 365
Cover Image
Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit
Klein, Michael W.; Peek, Joe; Rosengren, Eric - National Bureau of Economic Research (NBER) - 2000
The relative wealth hypothesis of Froot and Stein (1991), motivated by the aggregate correlation between real exchange rates and foreign direct investment (FDI) observed in the 1980s, cannot explain one of the major shifts in FDI in the 1990s: the continued decline in Japanese FDI during a...
Persistent link: https://www.econbiz.de/10005830128
Cover Image
The "Big C": Identifying Contagion
Forbes, Kristin - National Bureau of Economic Research (NBER) - 2012
This paper surveys and assesses the academic literature on defining, measuring, and identifying financial contagion and the various channels by which it can occur. It also includes new empirical analysis of recent trends and causes of contagion, highlighting contagion risks in the euro area. The...
Persistent link: https://www.econbiz.de/10010950725
Cover Image
The US Current Account Deficit and Economic Development: Collateral for a Total Return Swap
Dooley, Michael; Garber, Peter M.; Folkerts-Landau, David - National Bureau of Economic Research (NBER) - 2004
We argue that a chronic US current account deficit is an integral and sustainable feature of a successful international monetary system. The US deficit supplies international collateral to the periphery. International collateral in turn supports two-way trade in financial assets that liberates...
Persistent link: https://www.econbiz.de/10005828411
Cover Image
Estimating the Productivity Selection and Technology Spillover Effects of Imports
Keller, Wolfgang; Acharya, Ram C. - National Bureau of Economic Research (NBER) - 2008
Economists emphasize two channels through which import liberalization affects productivity, one operating between and … to 2002. First, in the long run, import liberalization lowers productivity in domestic industries through selection. This … finding confirms the prediction of models with firm heterogeneity, including Melitz and Ottaviano (2008), in which unilateral …
Persistent link: https://www.econbiz.de/10005828515
Cover Image
Attracting FDI in a Politically Risky World
Janeba, Eckhard - National Bureau of Economic Research (NBER) - 2001
Conventional wisdom holds that lack of government commitment deters foreign investment in developing countries. Yet this explanation is not convincing because some econometric studies have found little support for the role of political risk and host governments can offer upfront subsidies that...
Persistent link: https://www.econbiz.de/10005828539
Cover Image
The Great Mexican Emigration
Hanson, Gordon; McIntosh, Craig - National Bureau of Economic Research (NBER) - 2007
In this paper, we examine net emigration from Mexico over the period 1960 to 2000. The data are consistent with labor-supply shocks having made a substantial contribution to Mexican emigration, accounting for two fifths of Mexican labor flows to the U.S. over the last two decades of the 20th...
Persistent link: https://www.econbiz.de/10005828604
Cover Image
Trade and Capital Flows: A Financial Frictions Perspective
Antras, Pol; Caballero, Ricardo J - National Bureau of Economic Research (NBER) - 2007
The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this paper we show that in a world with heterogeneous financial development, the...
Persistent link: https://www.econbiz.de/10005828700
Cover Image
Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization
O'Rourke, Kevin Hjortshøj - National Bureau of Economic Research (NBER) - 2003
The aim of the paper is to see whether individuals' attitudes towards globalization are consistent with the predictions of Heckscher-Ohlin theory. The theory predicts that the impact of being skilled or unskilled on attitudes towards trade and immigration should depend on a country's skill...
Persistent link: https://www.econbiz.de/10005828760
Cover Image
Technology Transfer through Imports
Keller, Wolfgang; Acharya, Ram C. - National Bureau of Economic Research (NBER) - 2007
While there is general agreement that technology differences must figure prominently in any successful account of the cross-country income variation, not much is known on the source of these technology differences. This paper examines cross-country income differences in terms of factor...
Persistent link: https://www.econbiz.de/10005828938
Cover Image
How Do Large Depreciations Affect Firm Performance?
Forbes, Kristin - National Bureau of Economic Research (NBER) - 2002
This paper examines how 12 'major depreciations' between 1997 and 2000 affected different measures of firm performance in a sample of over 13,500 companies from around the world. Results suggest that in the year after depreciations, firms have significantly higher growth in market...
Persistent link: https://www.econbiz.de/10005829020