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It is commonly believed that accumulation of human capital (HC) and availability of physical and financial capitals are among the major determinants of economic growth. In a globalised world, where factors of production are increasingly mobile, the process of domestic accumulation of HC might be...
Persistent link: https://www.econbiz.de/10012773554
intertemporal selection effects. -- export ; FDI ; uncertain productivity growth ; real option approach … between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology … and sheds light on the effects of productivity growth. On the basis of a Geometric Brownian motion, three different …
Persistent link: https://www.econbiz.de/10003883086
relevant positive relationship between the costs of imported inputs and the export of the final goods. We use a simple Cournot … and the export of the final goods. We further show that a lower cost of imported inputs may reduce the consumer surplus …
Persistent link: https://www.econbiz.de/10014420158
between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology … and sheds light on the effects of productivity growth. On the basis of a Geometric Brownian motion, three different … productivity scenarios are considered (no growth, deterministic growth, uncertain growth) and opposed to each other. The …
Persistent link: https://www.econbiz.de/10010266060
One of the specific characteristics of Austrian Foreign Direct Investment (FDI) abroad is that a large part is carried out by firms, which themselves are affiliates of foreign Multinational Enterprises (MNEs). Such investment is termed indirect FDI in order to distinguish it from direct FDI,...
Persistent link: https://www.econbiz.de/10014155250
This paper highlights the crucial role played by international access to intermediate inputs to explain firm-level performance, via two channels simultaneously: trade and FDI. We develop a simple theoretical model showing that trade integration of input market entails an efficiency improvement...
Persistent link: https://www.econbiz.de/10011374044
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of … Marginal Revenue): it is necessary and sufficient for the distributions of productivity and sales to have the same form …
Persistent link: https://www.econbiz.de/10012892151
We derive exact conditions relating the distributions of firm productivity, sales, output, and markups to the form of … Marginal Revenue): it is necessary and sufficient for the distributions of productivity and sales to have the same form …
Persistent link: https://www.econbiz.de/10011955531
is increasing in its productivity, with the most productive multinationals choosing not to rely on a foreign partner at …
Persistent link: https://www.econbiz.de/10010296282
productivity, wages and exports spillovers in developing, developed and transitional economies. Although theory can identify a …
Persistent link: https://www.econbiz.de/10010265405