By analysing foreign direct investment (FDI) in a macroeconomic framework, this study throws new light on various channels through which FDI influences saving, investment, growth, and the balance of payments on current account. The finding that FDI has differential impacts in a sample of five...

This paper presents updated and newly derived estimates using various impact models, including biophysical and econometric models, to evaluate the direct economic costs of climate change in Ireland. The estimates are completed for five climate impacts: sea level rise, heat effects on labour...

Biographical note: Giuseppe Bertola is Professor of Economics at the University of Turin. Reto Foellmi is Assistant Professor of Economics at the University of Zurich. Josef Zweimüller is Professor of Economics at the University of Zurich.

chapter 1 Introduction and summary of the book -- chapter 2 The economic growth record in Japan -- chapter 3 The challenges to Japanese economic growth -- chapter 4 The IT/E-business revolution and globalization: Implications of the New Economy for Japan -- chapter 5 IT and productivity growth:...

Main description: Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. But these models are useful only if they adequately account for the phenomena in question, and they can be quite misleading if they do not. In response,...