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The paper empirically examines the differential effects of trade on economic growth and investment based on cross …-country data. In general, the results are largely consistent with the positive impact of trade on economic growth as found in the … literature. However, the empirical results based on different categories of countries show that whereas trade has positively …
Persistent link: https://www.econbiz.de/10011845329
This paper studies the effect of foreign direct investment (FDI) on the transmission of international business cycles …. I document for the G7 countries between 1991 and 2006 that increases in bilateral FDI linkages are associated with more … synchronized investment cycles. I also find that the relation between FDI integration and synchronization of gross domestic product …
Persistent link: https://www.econbiz.de/10010482488
Recent evidence from developing and emerging economies shows a negative correlation between growth and net capital inflows, a contradiction to neoclassical growth theory. I provide updated and disaggregated evidence on the origins of this puzzle. An analysis of the components of capital flows...
Persistent link: https://www.econbiz.de/10011295656
employs a system of equationsto investigate the nexus between FDI, portfolio and domestic investment in Pakistan. The main … domestic, especially on private investment, in Pakistan. The resultsshow that FDI inflows promoted domestic investment in … Pakistan, where FDI and domestic investment reported a one-to-one relationship. The findings of the study also confirm that …
Persistent link: https://www.econbiz.de/10012814350
In 2007, countries in the euro periphery were enjoying stable growth, low deficits and low spreads. Then the financial crisis erupted and pushed them into deep recession, raising their deficits and debt levels. By 2010, they were facing severe debt problems. Spreads increased and, surprisingly,...
Persistent link: https://www.econbiz.de/10013058811
In 2007, countries in the Euro periphery were enjoying stable growth, low deficits, and low spreads. Then the financial crisis erupted and pushed them into deep recessions, raising their deficits and debt levels. By 2010,they were facing severe debt problems. Spreads increased and, surprisingly,...
Persistent link: https://www.econbiz.de/10013059093
We analyze the effects of intangible investment on international output synchronization. Using a dynamic stochastic general equilibrium model, we find that an increase in the importance of intangible capital leads to a higher degree of output comovement across countries. Therefore, countries in...
Persistent link: https://www.econbiz.de/10011857136
can resolve these anomalies. Endogenous intratemporal trade creates an additional channel for the propagation of …
Persistent link: https://www.econbiz.de/10008939848
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
This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...
Persistent link: https://www.econbiz.de/10012895118