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The literature on the effects of foreign direct investment (FDI) and activities of multinational enterprises (MNEs) on host-countries has been almost exclusively focused on issues of productivity, growth and wages. We argue that this leaves quite a bit of important unexplored areas of inquiry,...
Persistent link: https://www.econbiz.de/10012461375
Multinational enterprises (MNEs) increasingly impose "Responsible Sourcing" (RS) standards on their suppliers worldwide, including requirements on worker compensation, benefits and working conditions. Are these policies just "hot air" or do they impact exposed suppliers and their workers? What...
Persistent link: https://www.econbiz.de/10013462731
Argentina decrease once the trade balance constraint is removed … policy in the automobile sector in Argentina and Brazil during 1996-1999 …
Persistent link: https://www.econbiz.de/10012466927
of increasing safety rather than production. We study the U.S. metals mining sector, leveraging exogenous demand shocks …
Persistent link: https://www.econbiz.de/10012480345
The government contracts with a foreign firm to extract a natural resource that requires an upfront investment and which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a social cost that increases with the expropriated value. In...
Persistent link: https://www.econbiz.de/10012464906
We provide new evidence of one channel through which circular labor migration has long run effects on origin communities: by raising completed human capital of the next generation. We estimate the net effects of migration from Malawi to South African mines using newly digitized Census and...
Persistent link: https://www.econbiz.de/10012456625
damage. As expected, when the environmental damage from mining is known, the socially optimal timing will depend on the … mining until better information arrives. We show conditions under which it is optimal to postpone the mining decision … marginal mine owner is completely indifferent between mining immediately and at any point in the future. Thus, for our problem …
Persistent link: https://www.econbiz.de/10012457342
mining deposits is associated with bigger firms and fewer start-ups in the middle of the 20th century. We use mines as an … cold and warm regions alike and in industries that are not directly related to mining, such as trade, finance and services …
Persistent link: https://www.econbiz.de/10012460330
We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information externalities. In a two-firm, two-period model, we characterize equilibrium behavior under policies which disclose whether investment returns exceed a predefined level. These...
Persistent link: https://www.econbiz.de/10013435110
We study how environmental, social and governance (ESG) investing reshapes information aggregation by prices. We develop a rational expectations equilibrium model in which traditional and green investors are informed about financial and ESG risks but have different preferences over them. Because...
Persistent link: https://www.econbiz.de/10013191008