Showing 1 - 10 of 301
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non …-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel … probit. Four main findings emerge. First, similar to results for non-financial firms, a productivity pecking order drives …
Persistent link: https://www.econbiz.de/10003889133
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non …-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel … probit. Four main findings emerge. First, similar to results for non-financial firms, a productivity pecking order drives …
Persistent link: https://www.econbiz.de/10003923511
Persistent link: https://www.econbiz.de/10008934430
productivity, financial constraints and labor market constraints might constitute barriers to entry into foreign markets. We … size and productivity on firms’ international activities. Second, small firms suffer more frequently from financial … ; productivity ; financial constraints ; labor market constraints …
Persistent link: https://www.econbiz.de/10003879017
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non …-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel … probit. Four main findings emerge. First, similar to results for non-financial firms, a productivity pecking order drives …
Persistent link: https://www.econbiz.de/10012989228
Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non …-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel … probit. Four main findings emerge. First, similar to results for non-financial firms, a productivity pecking order drives …
Persistent link: https://www.econbiz.de/10013095225
The debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows - foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker...
Persistent link: https://www.econbiz.de/10011475864
The debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows ? foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker...
Persistent link: https://www.econbiz.de/10001712124
Weakening bargaining power of unions and the increasing integration of the world economy may affect the volatility of capital and labor incomes. This paper documents and explains changes in income volatility. Using a theoretical framework which builds distribution risk into a real business cycle...
Persistent link: https://www.econbiz.de/10003790966
-skilled labor increases. This suppresses wages of low-skilled workers and/or increases their unemployment rates. On the other hand … for the years 1970 - 2004, we document how the volatility of hours worked and of wages of workers at different skill …
Persistent link: https://www.econbiz.de/10003850520