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"Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their … competitive position. Using data on firms in 27 transition economies, the authors test for the effects of globalization through … find that competition has a negative effect on innovation, especially for firms further from the efficiency frontier, and …
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Recent research on productivity spillovers from affiliates of multinational corporations in developing and emerging economies finds that backward linkages from affiliates of foreign-owned firms to local suppliers constitute the main channel transmitting productivity spillovers. This finding has...
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The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. The authors' methodology allows them to account for differences across groups of countries (advanced economies and emerging market and developing...
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decade. This would dampen global commodity prices. Despite an expected slowdown in its growth rate, China would likely remain …
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