This paper uses a rich data set of Slovenian manufacturing firms active in the period 1994-2002 that contains information on outward FDI and exports to different markets in order to test three empirical hypotheses that relate the decision for outward FDI to total factor productivity. First, the...

This paper analyses the importance of taxes on corporate income and production-related tangible infrastructure as determinants of foreign direct investment (FDI) in Central and Eastern European countries (CEECs). We operationalise taxes using effective average tax rates on the bilateral level...

This article discusses the determinants of export propensity of foreign firms in Estonian and Slovenian manufacturing sectors relative to domestic firms. We show that differences in export propensity between foreign and domestic firms in Slovenia and Estonia are significant and that they are due...

This paper examines how international openness can change firm productivity in south-eastern Europe (SEE), a crucial question for middle-income countries. Using firm-level data for six transition economies over the 1995-2002 period, we identify whether foreign ownership and propensity to trade...

This paper offers a new method for estimation and forecasting of the volatility of financial time series when the stationarity assumption is violated. Our general, local parametric approach particularly applies to general varying-coefficient parametric models, such as GARCH, whose coefficients...

We analyse the effects of different types and concentration of ownership on performance using a large population of firms in the Czech Republic after mass privatization. Specifications based on first-differences combined with instrumental variables show that the performance effects of different...

The prevalent, and so far most explored, host defense against brood parasitism is egg discrimination. Not only do the hosts differ markedly in their propensity to reject parasitic eggs but rejecters even vary in their egg rejection times. The focus of the present study was to investigate factors...

Two recent meta-analyses use variants of the Baily, Hulten, and Campbell (1992) (BHC) decompositions to ask whether recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input reallocation. They find weak gains from measured...

In this paper, we propose an extension of the productivity decomposition method developed by Olley & Pakes (1996). This extension provides an accounting for the contributions of both firm entry and exit to aggregate productivity changes. It breaks down the contribution of surviving firms into a...