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The long-run determinants of euro area FDI to the United States during the period 1980-2001 are explained by employing … found to influence euro area FDI to the United States. Moreover, the inclusion of the Tobin's Q enhances the traditional …), and the real exchange rate are statistically significant determinants of euro area FDI to the United States. …
Persistent link: https://www.econbiz.de/10009636552
This paper investigates the relationship between bilateral FDI positions and cross-country business cycle correlations … in the period 1982–2001. We find that countries that have comparatively intensive FDI relations also have more … synchronized business cycles during 1995–2001. Before 1995, we also find a positive association between FDI linkages and output …
Persistent link: https://www.econbiz.de/10009639461
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Persistent link: https://www.econbiz.de/10009639922
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This paper shows that, controlling for standard determinants of net external positions, financially-remote countries exhibit more positive net external positions. This finding is found to be stronger for less advanced countries, hinting at external funding problems for more remote countries....
Persistent link: https://www.econbiz.de/10009640769
The causes of the 2008 collapse and subsequent surge in global capital flows remain an open and highly controversial issue. Employing a factor model coupled with a dataset of high-frequency portfolio capital flows to 50 economies, the paper finds that common shocks – key crisis events as well...
Persistent link: https://www.econbiz.de/10009640914
Persistent link: https://www.econbiz.de/10011791245
The economic gap between the EU and three candidate countries - Bulgaria, Romania and Turkey - is significant. Living standards, as measured by GDP per capita at PPP, are less than one third of the level prevailing in the former EU-15 u0096 and about half of the average level in the new member...
Persistent link: https://www.econbiz.de/10009636840
The report summarises the results generated in empirical analysis within a larger EU's 5th framework programme for research and development on the determinants of productivity gaps between the current EU-15 and accession states in central and eastern Europe. The focus of research in this part of...
Persistent link: https://www.econbiz.de/10009636897