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How does FDI transmit into domestic investment? : exploring intra-industry and financial channels

Leeuw, Tim de; Wacker, Konstantin - 2025

Foreign direct investment (FDI) is often seen as a means to boost domestic investment and, hence, capital accumulation …. Yet, the empirical support for such a positive investment effect of FDI is inconclusive. A possible reason is that FDI is … often directed towards the financial sector, where capital investment tends to be low. In this paper, we first explore the …

Persistent link: https://www.econbiz.de/10015358531

Robots, shoring patterns, and employment : what are the linkages?

Dijkstra, Hylke; Wacker, Konstantin - 2025

In this paper, we analyse how robotisation is associated with industry output and its production inputs. We therefore link data on employment, robotisation and input-output relations for 15 manufacturing industries across 35 countries. Analysing the decade prior to 2018, we show that robotising...

Persistent link: https://www.econbiz.de/10015423233

Financial constraints and firm size : micro-evidence and aggregate implications

Ferreira, Miguel H.; Haber, Timo; Rörig, Christian - 2023

Using a unique dataset covering the universe of Portuguese firms and their credit situation we show that financially constrained firms are found across the entire firm size distribution, even in the top 1%. Incorporating a richer, empirically supported, productivity process into a standard...

Persistent link: https://www.econbiz.de/10014293341

Implications of foreign direct investment, capital formation and its structure for global value chains

Adarov, Amat; Stehrer, Robert - 2019

In the age of globalisation, international trade and foreign direct investment (FDI) have become integral elements of …

Persistent link: https://www.econbiz.de/10012153901

Capital goods trade, relative prices, and economic development

Mutreja, Piyusha; Ravikumar, B.; Sposi, Michael - 2017

International trade in capital goods has quantitatively important effects on economic development through capital formation and TFP. Capital goods trade enables poor countries to access more efficient technologies, leading to lower relative prices of capital goods and higher capital-output...

Persistent link: https://www.econbiz.de/10011690972

Financing costs and development

Cavalcanti, Tiago; Kaboski, Joseph Paul; Martins, Bruno … - 2023

Most aggregate theories of financial frictions model credit available at a cost of financing equal to the savings rate but rationed. However, using a comprehensive firm-level credit registry, we document both high levels and high dispersion in ex post credit spreads to Brazilian firms. We...

Persistent link: https://www.econbiz.de/10014550802

Firm expectations and investment : evidence from the China-Japan island dispute

Chen, Cheng; Senga, Tatsuro; Sun, Chang; Zhang, Hongyong - 2017

persistent decline in investment. Moreover, the territorial dispute has led to persistent pessimism in these firms' expectations … about future sales, which can explain 60% of the overall decline in investment. …

Persistent link: https://www.econbiz.de/10011756135

Bank-based or market-based financial sources : which is better for the EU?

Esposito, Piero; Larocca, Vittorio; Messori, Marcello; … - 2021

Persistent link: https://www.econbiz.de/10013169329

Corporate tax stimulus and investment in Colombia

Galindo Andrade, Arturo José; Meléndez Arjona, Marcela - 2010

This paper uses a yearly dataset of plant-level investment in Colombian firms during the period 1997 to 2007 to assess … significant correlation is found between the boom observed in investment and the adoption of the tax policy. However, the … tests. Overall, it is concluded that the tax stimulus analyzed was ineffective in promoting investment in Colombia. …

Persistent link: https://www.econbiz.de/10010246557

Long-run investment under uncertain demand

Di Corato, Luca; Moretto, Michele; Vergalli, Sergio - 2013

In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …

Persistent link: https://www.econbiz.de/10010189451