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Exports versus FDI revisited : does finance matter?
Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2010
Persistent link: https://www.econbiz.de/10003994148
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Exports versus FDI revisited : does finance matter?
Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2010
This paper explores the impact of financial constraints on the internationalization strategies of firms. It contributes to the literature by focusing on three aspects: First, the paper studies the impact of financial constraints on exporting relative to FDI. Consistent with theory, the empirical...
Persistent link: https://www.econbiz.de/10008823204
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Exports versus FDI revisited : does finance matter?
Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2010
sector and the real economy. Exports and foreign direct investment (FDI) have declined, presumably not only because of a lack … access to external finance on firms’ choices to export or to engage in FDI. We simultaneously model a firm’s decision to … engage in FDI and in exports, and we assess the importance of financial factors for this choice (the extensive margin) as …
Persistent link: https://www.econbiz.de/10003943667
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International banking and the allocation of risk
Buch, Claudia M. (contributor); DeLong, Gayle L. (contributor) - 2007
Macroeconomic risks could magnify individual bank risk. Mitigating the influence of economy-wide risks on banks could therefore be very important to maintain a smooth-running banking system. In this paper, we explore the extent to which macroeconomic risks affect banks. We use a bank-level...
Persistent link: https://www.econbiz.de/10003480917
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Barriers to exporting : firm-level evidence from Germany
Arndt, Christian; Buch, Claudia M.; Mattes, Anselm - 2008
Persistent link: https://www.econbiz.de/10010417067
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Openness and income disparities : does trade explain the 'Mezzogiorno' effect?
Buch, Claudia M. (contributor); Monti, Paola (contributor) - 2008
Many theoretical models show that trade openness has positive welfare implications. Yet, openness might affect different social groups and regions asymmetrically, even within a given country. We use Italian regional data to answer the question whether trade openness affects within-country income...
Persistent link: https://www.econbiz.de/10003768128
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Trade's impact on the labor share : evidence from German and Italian regions
Buch, Claudia M.; Monti, Paola; Toubal, Farid - 2008
Has the labor share declined? And what is the impact of international trade? These questions are not only relevant in an international context they also matter for understanding the regional distribution of incomes in a given country. In this paper, we study two regions with trade exposures that...
Persistent link: https://www.econbiz.de/10003867593
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Openness and growth : the long shadow of the Berlin Wall
Buch, Claudia M. (contributor); Toubal, Farid (contributor) - 2007
The question whether international openness causes higher domestic growth has been subject to intense discussions in the empirical growth literature. This paper addresses this issue using the fall of the Berlin wall in 1990 as a natural experiment. We analyze whether the slow-down in convergence...
Persistent link: https://www.econbiz.de/10003480907
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Regional origins of employment volatility : evidence from German states
Buch, Claudia M. (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003711846
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Does trade openness increase firm-level volatility?
Buch, Claudia M. (contributor); Döpke, Jörg (contributor);  … - 2006
From a theoretical point of view, greater trade openness affects firm-level volatility by changing the exposure and the reaction of firms to macroeconomic shocks. The net effect is ambiguous, though. This paper provides firm-level evidence on the link between openness and volatility. Using two...
Persistent link: https://www.econbiz.de/10003398412