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located in France, Germany, the U.K., and the U.S. under different assumptions about currency hedging. We compare these …
Persistent link: https://www.econbiz.de/10011604475
Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to national financial markets. This paper presents a simple model of the impact of these factors on banks' cross-border activities and provides empirical evidence. Our...
Persistent link: https://www.econbiz.de/10010260448
Häufig wird angenommen, Deutschland und andere von demographischen Problemen betroffene Industrieländer könnten Finanzierungsprobleme der Rentenversicherung durch eine stärkere Kapitaldeckung inklusive Anlage dieses Kapitals im Ausland abmildern. Neben der Annahme, dass die Rendite bei...
Persistent link: https://www.econbiz.de/10010460519
die Tarifautonomie noch deutlicher eingeschränkt. Der Blick auf Frankreich und das Vereinigte Königreich zeigt, dass ein …
Persistent link: https://www.econbiz.de/10014501332
. Empirical data is consistent with increasing levels of looting in France during the 1930s. We provide a comparison with Britain …
Persistent link: https://www.econbiz.de/10010316814
comparable enterprise level data from France, Germany, and the United Kingdom. Exporters are more productive and pay higher wages … significantly smaller in Germany, significantly larger in France, and does not differ significantly in the UK. The results for wages … services firms into exporting does not show up among firms from France and the UK where no statistically significant …
Persistent link: https://www.econbiz.de/10010286601
We analyze the interlinkages between foreign direct investment (FDI) and foreign portfolio investment (FPI) between Germany and the major economies. First, we show that Tobin’s q helps explaining the variation of the growth rate of the stock of FDI. Second, we show that foreign and the home...
Persistent link: https://www.econbiz.de/10011604861
It is often assumed that recent success in the high-technology software industry will lead India's development. However, evidence suggests that basic manufacturing industry is stagnant. This paper proposes a mechanism that ties these two trends together. A big-push type of model, featuring...
Persistent link: https://www.econbiz.de/10010321626
, growth, and industrialization. It is shown that the counterfactual prediction of new growth theories regarding a positive … process of industrialization, trade policy can influence long-run growth rates even in non-scale growth models. …
Persistent link: https://www.econbiz.de/10010322071
better use of existing time series data than historical national accounting. To investigate industrialization we propose to …
Persistent link: https://www.econbiz.de/10010263692