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trade with firm heterogeneity. The paper finds that while only a small share of euro area firms locate affiliates abroad …
Persistent link: https://www.econbiz.de/10014216409
The activities of multinational enterprises (MNEs) have become an increasingly important feature of the euro area … real-time assessment - and forecasting - of the business cycle, the current account and the capital stock in the euro area …. Focusing on Ireland, given the strong prevalence of MNE activities in that economy and their importance for the euro area …
Persistent link: https://www.econbiz.de/10014545213
This paper examines whether the recent conclusion that foreign direct investment (FDI) has a positive effect on institutions in developing countries depends on a country having reached a certain threshold level of institutional quality. The relevant literature has recently coalesced around the...
Persistent link: https://www.econbiz.de/10012902361
The long-run determinants of euro area FDI to the United States during the period 1980-2001 are explained by employing … the Tobin's Q-model of investment. By using the fixed effects panel estimator, stock market developments in the euro area … countries including a measure adjusted for economic developments common to both the United States and the euro area - are found …
Persistent link: https://www.econbiz.de/10013319387
Persistent link: https://www.econbiz.de/10010471957
In this paper we empirically test the role of firm-specific financial characteristics as drivers of international investment and production. We hypothesize that financial strength generates advantages that can be exploited through cross-border investment activity. The hypothesis is tested in a...
Persistent link: https://www.econbiz.de/10003756998
A growing body of economics literature shows that multinational corporations (MNCs) shift their profits to tax havens. We contribute to this evidence by comparing a range of available data sets focusing on US MNCs, including country-by-country reporting data which has been released in December...
Persistent link: https://www.econbiz.de/10012825757
I use panel data of sales by the foreign subsidiaries of the U.S. MNCs to examine whether trading blocs create more or less FDI and the impacts on FDI of the extended market size created by forming blocs. By employing a region-fixed effects model, I find that countries forming trading blocs...
Persistent link: https://www.econbiz.de/10013007245
The paper examines long-term trends in international production, i.e. the production of goods and services under the governance of transnational corporations (TNCs) ― either through foreign direct investment (FDI) or non-equity arrangements. Since the mid-1980s, international production has...
Persistent link: https://www.econbiz.de/10013054194