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Using a balanced panel of firm-level data on the manufacturing industry in France, Italy and Spain over the 1993 …
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In this paper an index of financial competitiveness is calculated that corresponds to the market-to-book ratio of inward FDI stocks. For a panel of five advanced economies from 1980 to 2006 it is shown that price competitiveness, stable inflation rates and registered patents have a positive...
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show that the U.S. (1980s and 2000s) and Japan (1970s and 2000s) are the major transmitters of shocks to other countries …
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