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between globalization and innovation does not differ across the manufacturing and service sectors …Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their …, vertical linkages with foreign firms, and international trade on several types of innovation by domestic firms. Using …
Persistent link: https://www.econbiz.de/10012464166
Two observations suggest that financial globalization played an important role in the recent financial crisis. First …
Persistent link: https://www.econbiz.de/10012463217
This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...
Persistent link: https://www.econbiz.de/10012463861
This chapter reviews the empirical economics literature on the impact of trade liberalization on firms' innovation … levels. In emerging countries, trade liberalization appears to spur productivity and innovation. In developed countries …, export opportunities and access to imported intermediates tend to encourage innovation, but the evidence on import …
Persistent link: https://www.econbiz.de/10012453005
, the forces of innovation and diffusion combine to shape trade substitution patterns. Innovation makes a country … technological similarity and increases head-to-head competition. In the special case of an innovation-only model where countries do … observable trade flows and the dynamics of innovation and knowledge diffusion …
Persistent link: https://www.econbiz.de/10012814404
This paper identifies a credit-supply contraction that arises endogenously after trade liberalization. Banks with loan portfolios concentrated in sectors exposed to competition from China face an increase in non-performing loans after China's entry into the World Trade Organization. As a result,...
Persistent link: https://www.econbiz.de/10014250129
I show that monetary policy divergence vis-a-vis the U.S. has larger spillover effects in emerging markets than advanced economies. The monetary policy of the U.S. affects domestic credit costs in other countries through its effect on global investors' risk perceptions. Capital flows in and out...
Persistent link: https://www.econbiz.de/10012480242
indices of financial globalization' and evaluate the repercussions of turmoil in three emerging markets, which experienced …
Persistent link: https://www.econbiz.de/10012469224
We study how the financial conditions in the Center Economies [the U.S., Japan, and the Euro area] impact other countries over the period 1986 through 2015. Our methodology relies upon a two-step approach. We focus on five possible linkages between the center economies (CEs) and the non-Center...
Persistent link: https://www.econbiz.de/10012455943
We investigate why and how the financial conditions of developing and emerging market countries (peripheral countries) can be affected by the movements in the center economies - the U.S., Japan, the Eurozone, and China. We apply a two-step approach. First, we estimate the sensitivity of...
Persistent link: https://www.econbiz.de/10012457538