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Sforza, Alessandro; Steininger, Marina - 2020 - First version: April 1, 2020

The economic effects of a pandemic crucially depend on the extend to which countries are connected in global production networks. In this paper we incorporate production barriers induced by COVID-19 shock into a Ricardian model with sectoral linkages, trade in intermediate goods and sectoral...

Persistent link: https://www.econbiz.de/10012194678

Staatsfonds - neue Akteure an den Finanzmärkten?

Schalast, Christoph; Tiemann, Marcel; Tuppi, Pascal - 2009

Sovereign Wealth Funds (SWFs) have become active investors on the financial markets. This working paper meets the increasing thirst for information on the investment activities of Sovereign Wealth Funds, their legal environment and the implications on German stock listed corporations. Thus, this...

Persistent link: https://www.econbiz.de/10010298956

Reaping the Gains: Specialization and Capital Flows

Schwab, Jakob; Ortseifer, Christina - 2015

This paper gives a new answer to the old question of whether international trade and capital flows are substitutes or complements. In contrast to conventional intuition, we show that when Heckscher-Ohlin trade takes place in high-skill and low-skill intensive goods, this does create incentives...

Persistent link: https://www.econbiz.de/10011301790

Heckscher-Ohlin and Schumpeter Industries: The Response by Swedish Multinational Firms to the EC 1992 Program

Braunerhjelm, Pontus; Oxelheim, Lars - 1992

Persistent link: https://www.econbiz.de/10010334983

Do Multinationals Transfer Culture? Evidence on Female Employment in China

Tang, Heiwai; Zhang, Yifan - 2017

We study the global diffusion of culture through multinationals, focusing on gender norms. Using data on manufacturing firms in China over 2004-2007, we find that foreign affiliates from countries with a more gender-equal culture tend to employ proportionally more women and appoint female...

Persistent link: https://www.econbiz.de/10011615850

Globalization and taxation: theory and evidence

Jha, Priyaranjan; Gozgor, Giray - 2019

We construct a theoretical model to capture the compensation and efficiency effects of globalization in a set up where … globalization- trade liberalization and financial openness- could potentially have different effects on taxation. We then provide … some empirical evidence on the relationship between taxation and the alternative modes of globalization using a large cross …

Persistent link: https://www.econbiz.de/10012018289

Demographics and FDI: Lessons from China's one-child policy

Donaldson, John B.; Koulovatianos, Christos; Li, Jian; … - 2018

Following the introduction of the one-child policy in China, the capital-labor (K/L) ratio of China increased relative to that of India, and, simultaneously, FDI inflows relative to GDP for China versus India declined. These observations are explained in the context of a simple neoclassical OLG...

Persistent link: https://www.econbiz.de/10011936365

International specialization and the return to capital

Batista, Cátia; Potin, Jacques - 2010

How does factor accumulation affect the pattern of international specialization and returns to capital? We provide a new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976-2000. We confirm the Heckscher-Ohlin prediction that, with...

Persistent link: https://www.econbiz.de/10010271800

Migration and FDI: Reconciling the standard trade theory with empirical evidence

Jayet, Hubert; Marchal, Léa - 2016

This article focuses on an apparent conflict between the standard trade theory and available empirical evidence on factor flows. Theoretically, labor and capital flows must be substitutes. However, empirical papers find migration and FDI to be either substitutes or complements, depending upon...

Persistent link: https://www.econbiz.de/10011474869

Essays on Offshoring, Wage Inequality and Innovation

Benz, Sebastian - 2014

This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...

Persistent link: https://www.econbiz.de/10011698346