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We explore the relation between international financial integration and the level of entrepreneurial activity in a country. We use a unique firm level data set of approximately 24 million firms in nearly 100 countries in 2004 and 1999, which enables us to present both cross-country and industry...
Persistent link: https://www.econbiz.de/10005248756
We explore the relation between international financial integration and the level of entrepreneurial activity in a country. Using a unique data set of approximately 24 million firms in nearly 100 countries in 1999 and 2004, we find suggestive evidence that international financial integration has...
Persistent link: https://www.econbiz.de/10005796107
We explore the relation between international financial integration and the level of entrepreneurial activity in a country. Using a unique data set of approximately 24 million firms in nearly 100 countries in 1999 and 2004, we find suggestive evidence that international financial integration has...
Persistent link: https://www.econbiz.de/10010746519
In this paper we distinguish different qualities of FDI to re-examine the relationship between FDI and growth. We use … quot;qualityquot; to mean the effect of a unit of FDI on economic growth. However, this is difficult to establish because … differentiate quality FDI in several different ways. First, we look at the possibility that the effects of FDI differ by sector …
Persistent link: https://www.econbiz.de/10012721355
foreign direct investment (FDI) occurs between rich countries. The share of vertical FDI (subsidiaries which provide inputs to …-industry' vertical FDI and find that their location and activity are significantly different to the inter-industry vertical FDI visible … production giving rise to a class of high-skill intra-industry vertical FDI …
Persistent link: https://www.econbiz.de/10012721204
This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and … markets allow agents to take advantage of knowledge spillovers from FDI, magnifying the output effects of FDI. Empirically, we … show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in …
Persistent link: https://www.econbiz.de/10013317788
We decompose capital flows -- both debt and equity -- into public and private components and study their relationship with productivity growth. This exercise reveals that international capital flows are mainly shaped by government decisions and sovereign to sovereign transactions. Specifically,...
Persistent link: https://www.econbiz.de/10010326265
Persistent link: https://www.econbiz.de/10009720754
We examine the role of different explanations for the lack of flows of capital from rich to poor countries---the Lucas paradox---in an empirical framework. Broadly speaking, the theoretical explanations for this paradox include differences in fundamentals affecting the production structure...
Persistent link: https://www.econbiz.de/10005342232
We examine the empirical role of different explanations for the lack of flows of capital from rich to poor countries the "Lucas Paradox." The theoretical explanations include differences in fundamentals across countries and capital market imperfections. We show that during 1970-2000 low...
Persistent link: https://www.econbiz.de/10005084924