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A model of stock price adjustment after dividends
Borges, Maria Rosa - In: Journal of Economic Studies 36 (2009) October, pp. 508-521
for different types of investors and market imperfections, including taxes and transaction costs. Design …/methodology/approach – An arbitrage model is developed to determine the possible equilibria for the stock price adjustment, after a dividend … imperfections, such as taxes and transactions costs, implies that there is not a unique equilibrium for the level of stock price …
Persistent link: https://www.econbiz.de/10008481970
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Dividend Taxes and International Portfolio Choice
Desai, Mihir A.; Dharmapala, Dhammika - Saïd Business School, Oxford University - 2009
This paper investigates how dividend taxes influence portfolio choices, using the response to the distinctive treatment … of a subset of foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) of 2003. An open …
Persistent link: https://www.econbiz.de/10005011773
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How does foreign direct investment really affect developing countries` growth?
Herzer, Dierk - Ibero-Amerika Institut für Wirtschaftsforschung (IAI), … - 2010
This paper contributes to the literature on foreign direct investment (FDI) and economic growth in two main ways. First, we examine the effect of FDI on economic growth for 44 developing countries over the period 1970 to 2005 using heterogeneous panel cointegration techniques that are robust to...
Persistent link: https://www.econbiz.de/10008727523
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Essays on Offshoring, Wage Inequality and Innovation
Benz, Sebastian - ifo Leibniz-Institut für Wirtschaftsforschung an der …
This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...
Persistent link: https://www.econbiz.de/10010889981
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Within and Between Panel Cointegration in the German Regional Output-Trade-FDI Nexus
Mitze, Timo - Rheinisch-Westfälisches Institut für … - 2010
For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both within and between spatial units. In this paper, we...
Persistent link: https://www.econbiz.de/10008691995
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Imports-Exports Correlation: A New Puzzle?
Bebczuk, Ricardo - Banco Central de la República Argentina - 2008
This paper shows that a puzzling yet strong correlation exists between imports and exports. Cross-section and time-series analysis for the broadest possible country sample (159 countries over 1960-2006) attests to the robustness of this finding, even though causality is not explored in depth....
Persistent link: https://www.econbiz.de/10010552014
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Does Trade Openness Affect the Speed of Output Convergence? Some Empirical Evidence
Giles, David E.; Stroomer, Chad N. - Department of Economics, University of Victoria - 2005
In this paper we develop flexible techniques for measuring the speed of output convergence between countries when such convergence may be of an unknown non-linear form. We then calculate these convergence speeds for various countries, in terms of half-lives, using a time-series data-set for 88...
Persistent link: https://www.econbiz.de/10005800947
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Does Trade Openness Affect the Speed of Output Convergence? Some Empirical Evidence
Giles, David E. A.; Stroomer, Chad - Department of Economics, University of Victoria - 2003
In this paper we develop flexible techniques for measuring the speed of output convergence between countries when such convergence may be of an unknown non-linear form. We then calculate these convergence speeds for various countries, in terms of half-lives, from two time-series data-sets. These...
Persistent link: https://www.econbiz.de/10005626715
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Capital flows and private investment in Mexico
Ibarra, Carlos A. - In: Economía Mexicana NUEVA ÉPOCA Cierre de época (I), pp. 65-99
Based on the so-called bounds testing approach, the paper studies the long-run effect of capital flows and the real exchange rate on Mexico’s private investment from 1988 through 2008, presenting two main results. First, while capital inflows can potentially increase investment, in practice...
Persistent link: https://www.econbiz.de/10010721475
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Capital Flows and Private Investment in Mexico
Ibarra, Carlos A. - In: Economía Mexicana NUEVA ÉPOCA XXII (2013) 3, Cierre de época (I), pp. 65-99
Based on the so-called bounds testing approach, the paper studies the long-run effect of capital flows and the real exchange rate on Mexico’s private investment from 1988 through 2008, presenting two main results. First, while capital inflows can potentially increase investment, in practice...
Persistent link: https://www.econbiz.de/10010823162