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Intellectual property rights and foreign direct investment: the role of industry and host-country characteristics

Nunnenkamp, Peter; Spatz, Julius - 2003

This paper aims at overcoming several shortcomings of previous empirical studies on the relationship between IPR protection and FDI. First, FDI is analyzed on a sectorally and regionally disaggregated level. Second, we address the proposition that stronger IPR protection raises not only the...

Persistent link: https://www.econbiz.de/10010274718

The role of political institutions for the effectiveness of central bank independence

Hielscher, Kai; Markwardt, Gunther - 2011

This paper empirically studies the impact of the quality of political institutions on the link between central bank … independence and inflation. Making use of data on the evolution of central bank independence over time and controlling for possible … nonlinearities, we employ interaction models to identify the conditions under which more central bank independence will enhance a …

Persistent link: https://www.econbiz.de/10010274749

Investment in relationship-specific assets: Does finance matter?

Strieborny, Martin; Kukenova, Madina - 2011

Existing literature sees opportunistic behaviour of contractual partners as the main reason why rational agents underinvest in relationship-specific assets. We look beyond this well-know holdup problem and argue that financial vulnerability and short-term planning horizon can also lead to such...

Persistent link: https://www.econbiz.de/10010274757

Optimal tariffs, retaliation and the welfare loss from tariff wars in the Melitz model

Felbermayr, Gabriel; Jung, Benjamin; Larch, Mario - 2011

This paper characterizes analytically the optimal tariff of a large one-sector economy with monopolistic competition and firm heterogeneity in general equilibrium, thereby extending the small-country results of Demidova and Rodriguez-Clare (JIE, 2009) and the homogeneous firms framework of Gros...

Persistent link: https://www.econbiz.de/10010274758

Cross-country differences in the effects of oil shocks

Peersman, Gert; van Robays, Ine - 2010

We compare the economic consequences of several types of oil shocks across a set of industrialized countries that are structurally very diverse with respect to the role of oil and other forms of energy in their economy. We find considerably different effects across countries, which crucially...

Persistent link: https://www.econbiz.de/10010274760

Membership has its privileges: The effect of membership in international organizations on FDI

Dreher, Axel; Mikosch, Heiner; Voigt, Stefan - 2010

We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk. Using data over the 1971-2005 period, we find that...

Persistent link: https://www.econbiz.de/10010274768

The elasticity of trade: Estimates and evidence

Simonovska, Ina; Waugh, Michael E. - 2011

Quantitative results from a large class of international trade models depend critically on the elasticity of trade with respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data using the Ricardian...

Persistent link: https://www.econbiz.de/10010274793

Subjective well-being, income, economic development and growth

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2010

most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is …

Persistent link: https://www.econbiz.de/10010274814

The empirics of general equilibrium trade theory: What have we learned?

Bernhofen, Daniel - 2010

This paper provides a selective survey of over half a century of research linking the neoclassical trade model to the data. Three lessons stand out. First, competitive and new trade theory models are complementary rather than competing ways to look at many existing empirical regularities....

Persistent link: https://www.econbiz.de/10010274817

Migration and trade

Egger, Peter H.; Ehrlich, Maximilian von; Nelson, Douglas R. - 2011

Theoretical and empirical research in economics suggests that bilateral migration triggers bilateral trade through a number of channels. This paper assesses the functional form of the impact of migration on trade flows in a quasi-experimental setting. We provide evidence that the relationship is...

Persistent link: https://www.econbiz.de/10010274829