This paper estimates the effects of outward FDI on domestic business investment in Germany at the industry level for a panel of 19 industry and 10 services sectors. We pay particular attention to the different motivations behind FDI, and distinguish between FDI to high-versus low-wage countries,...

Selling off formerly state-owned telecommunications incumbents played a major role in governments’ privatization programmes from the 1980s. One major consequence was that, from the late 1990s, a number of incumbents emerged as the world’s largest Multinational Corporations (MNCs). Despite...

Competition in an industry with an upstream natural monopoly infrastructure requires vertical separation. However, this cannot increase welfare unless marginal costs are reduced, given the advantages of vertical integration. It turns out that entry increases marginal costs and has ambiguous...

-super-1Using Census and National Sample Survey (NSS) data, this paper studies the evolution of Gender Bias (GB) in the age group 0--6 in India and its association with education and higher prosperity. GB is pervasive and has grown over time with higher prosperity and resultant demographic...

Employing panel data techniques, we investigate the macroeconomic and institutional determinants of inequality and poverty in the EU over the period 1994--2008. We pay particular attention to the effects of macroeconomic environment, social protection and labour market institutions. The...

The impact of exchange rate uncertainty on trade flows is still the center of attention in international economics. A few studies that have looked at this effect in Hong Kong have used either aggregate data between Hong Kong and the rest of the world or between Hong Kong and several of her major...

This paper explores the impact of profitability on depth of outreach in microfinance institutions, a trade-off between which is commonly known as ‘mission drift', using a unique panel database containing 4--6 years' observations from 409 MFIs in 71 countries. The concerns for ‘mission drift'...

This paper examines whether parents exhibit gender preference in the allocation of family resources to their adult children. Gender preference is defined in the context of an altruistic model for inter-vivos transfer from parents to children extended to include educational investment. Data from...

Employing data for 1981--2009, this paper examines the factors influencing the volatility of state output, using India as a case study. The analysis appears to suggest that high income states exhibit relatively higher output volatility. At the state-level, the proximate determinants of a decline...