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estimator. Results indicate that the trade channel is not as important as cross-section models suggest but that FDI may have the … Monetary Union as well as many other countries strives to attract foreign direct investment (FDI) because of its reputation as … being highly beneficial for the host economy. But stronger FDI linkages may also have a significant impact on business …
Persistent link: https://www.econbiz.de/10011410993
This study readdresses the determinants of business cycle synchronisation. We test, on the one hand, whether FDI … of trade integration for the similarity of business cycles are less robust and thus less important for the transmission …
Persistent link: https://www.econbiz.de/10010519622
estimator. Results indicate that the trade channel is not as important as cross-section models suggest but that FDI may have the … Monetary Union as well as many other countries strives to attract foreign direct investment (FDI) because of its reputation as … being highly beneficial for the host economy. But stronger FDI linkages may also have a significant impact on business …
Persistent link: https://www.econbiz.de/10010432451
This study readdresses the determinants of business cycle synchronisation. We test, on the one hand, whether FDI … of trade integration for the similarity of business cycles are less robust and thus less important for the transmission …
Persistent link: https://www.econbiz.de/10013022484
. We also find greenfield FDI leads business cycle comovements. This may be due to deepening intra-industry trade and dense …We synthetically assess the three major transmission channels of international business cycles: bilateral trade …, foreign direct investment (FDI), and portfolio investment flows between economies with multiple fixed effects. Using the data …
Persistent link: https://www.econbiz.de/10013347226
interest rates. Contrary to common wisdom, a slowdown in the Emerging market implies a trade balance improvement in the …
Persistent link: https://www.econbiz.de/10010376442
changes in the terms of trade. The financial frictions and shocks can be calibrated to match the reduced equity home bias …
Persistent link: https://www.econbiz.de/10012898191
This chapter is structured in three parts. The first part outlines the methodological steps, involving both theoretical and empirical work, for assessing whether an observed allocation of resources across countries is efficient. The second part applies the methodology to the long-run allocation...
Persistent link: https://www.econbiz.de/10014025377
This paper examines whether European integration, manifesting itself in increased trade and FDI linkages, new … model endogenous relationships and unveil direct and indirect effects. Trade and FDI prove to have a strong impact on …
Persistent link: https://www.econbiz.de/10011346443
with stronger FDI relations during 1995–2010, but that they are mainly associated with stronger trade linkages before 1995 … trade links are not. Our findings suggest that FDI has become a separate channel through which economies may affect each …This paper investigates the relationship between foreign direct investment (FDI) and business cycle synchronization in …
Persistent link: https://www.econbiz.de/10013119786