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FDI and domestic investment : an industry-level view
Arndt, Christian; Buch, Claudia M.; Schnitzer, Monika - 2007
investment (FDI) cannot be gauged using firm-level data. Aggregated data, in turn, miss channels through which domestic and … investment. We theoretically show that the effects of FDI on the domestic capital stock depend on the structure of industries and … inter-sector linkage effects. We test the model using data on German FDI. Using panel cointegration methods, we find …
Persistent link: https://www.econbiz.de/10010383026
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Joint foreign ownership and global value chains effects on productivity : a comparison of firms from Poland and Germany
Szymczak, Sabina; Parteka, Aleksandra; … - 2022 - This version: May 2022
The study confronts the joint effects of foreign ownership and its involvement in global value chains (GVC) on the productivity performance of firms from a catching-up country (Poland) and a leader economy (Germany). Domestic owned firms are less productive than foreign ones, which is...
Persistent link: https://www.econbiz.de/10013257645
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Transatlantic trade and investment partnership : sectoral and macroeconomic perspectives for Germany ; the EU and the US
Irawan, Tony; Welfens, Paul J. J. - 2014
The EU and the US have started negotiations on a Transatlantic Trade and Investment Partnership Agreement (TTIP) which could bring a considerable increase of exports and output as well as changes in the composition of output and employment. Thus export simulation studies in combination with...
Persistent link: https://www.econbiz.de/10010354546
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Labor market impact of disruptions in global value chains
Meister, Moritz - 2024
This paper investigates the causal effect of global value chain (GVC)-related trade on the German labor market during the COVID-19 crisis, using a difference-in-differences approach combined with entropy balancing. The analysis of monthly establishment-level data from January 2019 to December...
Persistent link: https://www.econbiz.de/10014583560
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Negative interest rates, COVID-19, and the finances of listed euro firms
Eije, Johan H. von - In: Central European review of economics and management : CEREM 5 (2021) 4, pp. 117-143
Aim: The paper measures the impact of negative interest rates on listed firms in the original euro zone countries. It also measures the impact of the first COVID-19 year. Design / research methods: The paper uses panel data to measure the influence of the short-term ECB deposit rate and the...
Persistent link: https://www.econbiz.de/10013202353
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Latvian foreign trade and investment with Germany and Russia : past and present
Karnups, Viesturs Pauls - 2010 - [Korrigierte Version] September 2010
This paper examines Latvia's foreign trade and investment relations with Germany and Russia during the interwar period and the period after the restoration of independence up to now. During the period between the two world wars Latvia's foreign trade was completely integrated into the European...
Persistent link: https://www.econbiz.de/10008700022
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Outward FDI and Domestic Investment
Herzer, Dierk; Schrooten, Mechthild - 2007
This paper examines the impact of outward foreign direct investment (OFDI) on domestic investment by applying co-integration techniques to macroeconomic time series data for the United Sates and Germany. We show that the two countries differ: In the case of the US, OFDI has positive long-run...
Persistent link: https://www.econbiz.de/10010260909
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Growing like Germany : local public debt, local banks, low private investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021
Using a firm-bank panel of more than 1m German firms over 2010-2016, we document that local public bank lending to municipalities crowds out private investment. Our results show how crowding out can happen in a developed economy characterized by low interest rates and fiscal austerity. Our...
Persistent link: https://www.econbiz.de/10012796947
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Growing Like Germany : Local Public Debt, Local Banks, Low Private Investment
Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael - 2021
Using a firm-bank panel of more than 1m German firms over 2010-2016, we document that local public bank lending to municipalities crowds out private investment. Our results show how crowding-out can happen in a developed economy characterized by low interest rates and fiscal austerity. Our...
Persistent link: https://www.econbiz.de/10013238232
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Growing Like Germany : Local Public Debt, Local Banks, Low Private Investment
Hoffman, Mathias; Stewen, Iryna; Stiefel, Michael - 2022
Over 2010-2016, municipal debt in Germany crowded out private investment worth 1 percent of GDP. Forced to lend to municipalities by their statutes, local public banks compensated for declining municipal-debt yields by charging higher rates to firms in Germany’s locally segmented credit...
Persistent link: https://www.econbiz.de/10013492529