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of the parametric assumptions. But simulation results obtained for the half normal model indicate that a method of … not strongly dominating noise (Coelli, 1995). In this paper we provide detailed simulation results comparing the two … estimation approaches for both the half-normal and the exponential approach to inefficiency. Based on the simulation results we …
Persistent link: https://www.econbiz.de/10010298775
In this paper we consider a multinational firm under exchange rate risk in a multiperiod model. We analyze the impact of exchange rate uncertainty and the use of currency futures on the risk-averse firm's decisions about home and foreign production. Without any markets for hedging an increase in...
Persistent link: https://www.econbiz.de/10010398141
Persistent link: https://www.econbiz.de/10011695733
This paper presents the results of a survey of Swedish multinationals conducted in 1999. The survey was carried out in order to update an existing database on Swedish manufacturing firms with producing foreign affiliates collected by the Research Institute of Industrial Economics (IUI). The...
Persistent link: https://www.econbiz.de/10010335024
Ireland is one of the most FDI-intensive economies in the OECD and is a significant export platform for both manufacturing and internationally traded services. This chapter provides case studies of three of the most important FDI-intensive manufacturing sectors - ICT, pharmaceuticals and medical...
Persistent link: https://www.econbiz.de/10010392440
This paper examines the competitiveness of Japanese firms in the manufacturing sector since the middle of 1980s when the Japanese FDI outflow was accelerated. Instead of a standard residency-based balance of trade, we use the idea of ownership-based net foreign sales introduced by DeAnne Julius...
Persistent link: https://www.econbiz.de/10011435215
direct investment. However, response from Japan has been rather subdued. This paper attempts to gain some insight into this …
Persistent link: https://www.econbiz.de/10011807649
This study analyzes the potential impact of the Philippines-Japan Free Trade Agreement (FTA) on the Philippine economy … in case of the Philippines' discriminately unilateral tariff reduction on import from Japan using a computable general … tariff rates on imports from Japan would expand the Philippines' import from Japan and in total by 2.36-8.58 and 0 …
Persistent link: https://www.econbiz.de/10011429783
As GDP is highly correlated with both entering and exiting firms, we develop a totally microfounded DSGE model with endogenous firms entry as well as exit decisions. We show that the simplifying assumption of a constant firms' death rate made by the recent literature on DSGE modelling can lead...
Persistent link: https://www.econbiz.de/10010299744