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The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels with a variety of apparently conflicting results. We attempt to provide a unified conceptual framework for organizing this vast and growing...
Persistent link: https://www.econbiz.de/10005089081
This paper assesses the evidence regarding the effects of multinational production on wages and working conditions in developing countries. It is motivated by recent controversies concerning whether multinational firms in developing countries exploit workers by paying low wages and subjecting...
Persistent link: https://www.econbiz.de/10005089103
are governed by unobservable variables (such as the productivity level which triggers default, according to the firm …
Persistent link: https://www.econbiz.de/10005089156
In this paper, we examine the correlation between sectoral shocks and border enforcement in the United States. Enforcement of national borders is the main policy instrument the U.S. government uses to combat illegal immigration. The motivation for the exercise is to see whether border...
Persistent link: https://www.econbiz.de/10005049751
How do countries hold their financial wealth? We construct a new database of countries' claims on capital located at home and abroad, and international borrowing and lending, covering 68 countries from 1966 to 1997. We find that a small amount of capital flows from rich countries to poor...
Persistent link: https://www.econbiz.de/10005049878
We use data from the 2000 Mexican Census to examine how the education and socioeconomic status of Mexican immigrants to the United States compares to that of non-migrants in Mexico. Our primary conclusion is that migrants tend to be less educated than non-migrants. This finding is consistent...
Persistent link: https://www.econbiz.de/10005050068
Are there productivity spillovers from FDI to domestic firms, and, if so, how much should host countries be willing to …
Persistent link: https://www.econbiz.de/10005050072
In the absence of distortionary tax and spending policies, freer immigration and trade for a country would often be supported by similar groups thanks to similar impacts on labor income. But government policies that redistribute income may alter the distributional politics. In particular,...
Persistent link: https://www.econbiz.de/10005050206
that establishments that are always foreign-owned have significantly higher labour productivity than those that remain … under domestic ownership. In addition, labour productivity improves faster over time and faster with age in foreign …-owned establishments. The difference in labour productivity is matched by an equivalent difference in levels of investment per employee …
Persistent link: https://www.econbiz.de/10005050252
Firms often cite financing constraints as one of their primary obstacles to investment. Global capital flows, by bringing in scarce capital, may ease host-country firms' financing constraints. However, if incoming foreign investors borrow heavily from domestic basnks, direct foreign investment...
Persistent link: https://www.econbiz.de/10005061547