Showing 1 - 10 of 2,938
The paper investigates whether liquidity constraints affect firm size and growth dynamics using a large longitudinal sample of Italian manufacturing firms. We run standard panel-data Gibrat regressions, suitably expanded to take into account liquidity constraints (proxied by cash flow scaled by...
Persistent link: https://www.econbiz.de/10010328431
Vertical production processes take increasingly place in a crossborder fashion with two distinct patterns. Either a multinational firm (MNF) controls the whole vertical chain spreading production over many countries or vertically separeted firms, belonging to different countries, operate...
Persistent link: https://www.econbiz.de/10011651430
Did multinational production (MP) exacerbate or mitigate the collapse of international trade during the Great Recession? What role did MP and trade links play in propagating economic shocks across countries? I resolve the "Multinationals' Resilience Puzzle" during the Great Recession by...
Persistent link: https://www.econbiz.de/10014290259
This paper empirically examines the effects of financial crises on the organization of production of multinational enterprises. We construct a panel of European multinational networks from 2003 through 2015. We use as a financial shock the increase in risk premia between August 2007 and July...
Persistent link: https://www.econbiz.de/10014480534
In this paper, I investigate whether instead of strengthening home-based production, government R&D-subsidies can induce R&D-intensive firms to locate production abroad. Investigating firm-level data on Swedish MNEs, however, I find no evidence of such relocation. R&D subsidies rather tend to en...
Persistent link: https://www.econbiz.de/10010320304
In this paper we consider a multinational firm under exchange rate risk in a multiperiod model. We analyze the impact of exchange rate uncertainty and the use of currency futures on the risk-averse firm's decisions about home and foreign production. Without any markets for hedging an increase in...
Persistent link: https://www.econbiz.de/10010398141
The paper evaluates the political and economic incentives to conclude the EU-Mexico Free Trade Agreement (FTA). It … the EU is likely to gain much more than Mexico. … EU und Mexiko bewertet. Dafür werden die europäische und mexikanische Handelspolitik analysiert und der multilaterale …
Persistent link: https://www.econbiz.de/10010295609
This paper examines the relationship between trade liberalisation and migration in the case of Mexico. The increasing … bilateral trade between Mexico and the United States after signing the North American Free Trade Agreement (NAFTA) was supposed … for illegal migration. The results indicate that increasing trade flows cause larger illegal migration from Mexico to the …
Persistent link: https://www.econbiz.de/10011422132
's academic performance using the case of Mexico. In general, access to free health insurance could improve education outcomes …
Persistent link: https://www.econbiz.de/10010322549
This paper studies the effects of remittances from the U.S. on child labor and school attendance in recipient Mexican households. We identify these effects using the impact of the 2008-2009 U.S. recession on remittance receipts. The methodology employed is a differences-in-differences strategy...
Persistent link: https://www.econbiz.de/10010322610