Showing 1 - 10 of 107
This paper uses a newly constructed dataset on bilateral de-jure exchange rate regimes to estimate the effect of expected exchange rate volatility on foreign direct investment (FDI). The new dataset accounts for the fact that officially pegging to one currency is uninformative about the exchange...
Persistent link: https://www.econbiz.de/10011892064
The paper uses a panel of more than 1m German firms over 2010-2016, to provide the first firm-bank level evidence of local crowding out for a developed economy characterized by low interest rates and fiscal austerity. Our mechanism relies on two structural features of Germany's banking...
Persistent link: https://www.econbiz.de/10012623158
cost. The results show that investments in the telecommunications industry are positively dependent on liberalization that …
Persistent link: https://www.econbiz.de/10010397856
to facilitate the transition process. Finally, this study provides further studies on liberalization, the digital divide …
Persistent link: https://www.econbiz.de/10010397857
The present study aims to verify whether the balance-of-payments constrained growth approach is suitable for explaining the Portuguese growth performance during the last decades. For that, we adopt "Thirlwall's Law" that predicts actual growth by the ratio of the exports growth relative to the...
Persistent link: https://www.econbiz.de/10011332334
quantify the welfare effects of trade liberalization. We extend the literature in two principal ways: First, we estimate … agreement's welfare effects of trade liberalization for the African countries. Results indicate that Botswana, Cameroon … welfare effects, but predicted results of the liberalization based on the interim agreement's reduction rates fall short of …
Persistent link: https://www.econbiz.de/10010301497
This study examines the effect of the Everything But Arms (EBA) trade preferences regime on exports from African, Caribbean and Pacific (ACP) Least Developed Countries (LDCs) to the European Union (EU). With this aim, an augmented gravity model is estimated for exports from the 79 ACP countries...
Persistent link: https://www.econbiz.de/10010301534
Cross-sector labor reallocation is associated with costs at the micro level ranging from the costs of geographical relocation and skill change/adaptation to unemployment. We show that monotonous reallocation paths minimize the aggregate reallocation costs in the three-sector framework (relating...
Persistent link: https://www.econbiz.de/10012099081
From the viewpoint of an innovator a patent is a tradeoff between the right to exclude others from using the patented matter versus the requirement to disclose it. Given the sequential nature of many innovations, patent induced technology diffusion can spur technological progress. However,...
Persistent link: https://www.econbiz.de/10012287941
Persistent link: https://www.econbiz.de/10014363692