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This paper estimates establishment-level employment effects of investment grants in one of the German Federal States …-specific and regional information from different sources. The results suggest that investment grants have a positive influence on …
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employment and investment decisions of multinationals producing intermediate inputs in developing countries. This is the case … even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected …
Persistent link: https://www.econbiz.de/10013243418
employment and investment decisions of multinationals producing intermediate inputs in developing countries. This is the case … even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected …
Persistent link: https://www.econbiz.de/10012469306
Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...
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