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This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian externalities and other intra- and inter-regional spillovers...
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-capita income and growth. Employment-intensive FDI, concentrated in richer states, has been conducive to income growth, while …
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This study employs state-level panel data to explore the relationship between inward foreign direct investment (FDI) and income inequality in the United States. Using panel cointegration techniques that allow for cross-sectional heterogeneity, cross-sectional dependence, and endogenous...
Persistent link: https://www.econbiz.de/10003931421
employment at the level of US states. Johansen's (1988) cointegration technique and Toda and Yamamoto's (1995) Granger causality … FDI and outcome variables. This holds for both measures of FDI (stocks and employment in foreign affiliates) and …-related employment ; gross state product ; manufacturing ; Granger causality …
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Night lights could be a valuable proxy of economic activity at the subnational level when GDP data are lacking or of poor quality. Supplementing Henderson et al.’s (2012) analysis at the national level, we assess the stability of the elasticity of GDP with regard to night lights across regions...
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