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The paper addresses the linkage between certain aspects of the increasing economic integration of world markets and the level of child labour. We empirically examine, first, the often-cited conventional wisdom that multinational enterprises invest in countries where the extent of child labour is...
Persistent link: https://www.econbiz.de/10010295477
the period 1989-2002. We find that German outward FDI increases in response to positive cyclical developments abroad and …
Persistent link: https://www.econbiz.de/10010295678
Using a firm-level dataset this paper investigates the impact of taxation on the decision of German multinationals to hold direct investments in other European countries or abroad. Controlling for firm-specific differences in the valuation of potential locations, the results confirm significant...
Persistent link: https://www.econbiz.de/10010295685
This paper tests some of the predictions of recent advances in trade theory that have focused on different trade patterns of firms within the same sector. Helpman, Melitz and Yeaple (2005) develop a model in which innate productivity differences between firms determine the degree of...
Persistent link: https://www.econbiz.de/10010295792
This paper tests some of the predictions of recent advances in trade theory that have focused on different trade patterns of firms within the same sector. Helpman, Melitz and Yeaple (2005) develop a model in which innate productivity differences between firms determine the degree of...
Persistent link: https://www.econbiz.de/10010297485
Economic theory provides two main explanations why changes in exchange rates can affect foreign direct investment (FDI …). According to a first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and … explanation, FDI reacts to exchange rate changes if output and factor markets are segmented, and if firm-specific assets are …
Persistent link: https://www.econbiz.de/10010301807
We analyse the nature of German trade-FDI linkages within the EU27 based on a simultaneous equation gravity approach … for imports, exports, in- and outward FDI stocks. We adopt both a Hausman-Taylor (1981) IV approach (3SLS-GMM) and rival … framework in explaining German trade and FDI activity. Looking carefully at cross-variable linkages we basically find …
Persistent link: https://www.econbiz.de/10010264751
This paper analyzes the determinants and effects of firm-level FDI flows on the basis of German micro-level data …. Concering the determinants of FDI, I differentiate between different target regions and motivations for FDI (market seeking …/horizontal FDI versus cost reducing/vertical FDI). The main result is that most firms engage in FDI because of market access. Further …
Persistent link: https://www.econbiz.de/10010271468
Sowohl beim Außenhandel wie auch bei den Direktinvestitionen weisen insbesondere große und nahe gelegene Bundesländer eine starke Verflechtung mit Österreich auf, wobei traditionelle Sektoren wie der Maschinen- und Kraftwagenbau im Außenhandel noch immer eine dominante Position einnehmen....
Persistent link: https://www.econbiz.de/10010271473
The presence of foreign multinational enterprises (MNEs) should benefit local economies. In particular if MNEs are particularly productive compared to domestic firms they may promote learning and catch-up of local firms. Such channel of spillovers from MNEs to local firms is known as the Veblen...
Persistent link: https://www.econbiz.de/10010276891