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A selective review of foreign direct investment theories
Nayak, Dinkar; Choudhury, Rahul - 2014
Several theories have been put forward by the researchers to explain foreign direct investment. However, no single theory fits the different types of direct investment or the investment made by a particular multinational corporation or country in any region. This paper traces the evolution of...
Persistent link: https://www.econbiz.de/10010340377
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Trade openness, income, and role of institutions : a revisit using heterogeneous panel data models
Thennakoon, Jayanthi; Dissanayake, Jagath - In: Cogent economics & finance 3 (2015) 1, pp. 1-9
The positive association between trade openness and income has been debated over years due to serious estimation flaws … prevailing in the cross-country empirical trade literature. The present paper contributes to this debate by re-examining the long …-run relationship between trade openness and income per capita focusing on role of institutions. It does so by estimating a …
Persistent link: https://www.econbiz.de/10011449635
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Controlling for Multilateral Resistance Terms in Linearized Trade Gravity Equations Without Spatial Econometrics
Egger, Peter H. - 2016
This paper studies linearized spatial structural gravity models of bilateral trade à la Behrens, Ertur and Koch (2012 …
Persistent link: https://www.econbiz.de/10012998127
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Trade costs in the global economy : measurement, aggregation and decomposition
Egger, Peter; Larch, Mario; Nigai, Sergey; Yotov, Yoto - 2021 - Manuscript date: 10 May 2018
Proper measurement and aggregation of trade costs is of paramount importance for sound academic and policy analysis of … the determinants - particularly those of policy - of economic outcomes. The international trade profession has witnessed … decomposition of trade costs into fixed vs. variable and partial vs. general equilibrium costs across two broad dimensions, one …
Persistent link: https://www.econbiz.de/10012419247
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How Does Financial Openness Affect Economic Growth and its Components?
Garita, Gus - 2009
This paper aims at uncovering the different channels through which de facto-financial openness affects economic growth and its components. The results herein indicate that de facto measures of financial openness (as proxied by different types of capital inflows) stimulate economic growth. In...
Persistent link: https://www.econbiz.de/10014208342
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Catching Up by Deglobalization : Capital Account Policy and Economic Growth
Choi, Woo Jin - 2020
We examine the role of capital account policy pertaining to productivity growth and labor allocation at the sectoral level. Using panel data from 45 countries from 1985–2012, we find that capital controls combined with reserve accumulation — strategic capital account policy — contribute to...
Persistent link: https://www.econbiz.de/10012844518
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Information and Capital Flows Revisited : The Internet as a Determinant of Transactions in Financial Assets
Choi, Changkyu - 2014
This paper investigates the determinants of international transactions in financial assets empirically. We extend the gravity model in Portes et al. (2000) by introducing an internet variable. Using cross-country panel data on the portfolio flows between the US and other countries from 1990 to...
Persistent link: https://www.econbiz.de/10013048168
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Shareholders and wage determination
Ogorevc, Marko; Šlander, Sonja - 2010
Multinational firms transfer to their foreign affiliates superior technology, leading to higher productivity of their workers and therefore to higher wages, or so the often cited rent-sharing theory of multinational firms explains. But studies have shown that oftentimes, this results not from...
Persistent link: https://www.econbiz.de/10011571230
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The Impact of R&D, Government Spending on Education and Trade Unions on Labour Productivity - A Panel Data Econometric Analysis
Georgiou, Miltiades N. - 2012
spending on education as well as trade unions are the most important factors for the labor productivity determination. The …
Persistent link: https://www.econbiz.de/10013112544
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Trade Labor, Market Rigidities, and Government-Financed Technological Change
Koeniger, Winfried - 2001
This paper contributes to the debate on the effects of trade versus technological change on wage differentials. We … product markets have become increasingly integrated. Moreover, it can explain why the volume of trade between developed and …
Persistent link: https://www.econbiz.de/10010262449