Since the development of the eclectic paradigm by Dunning (1977; 1988; 1993), many studies have investigated different forms of location advantages that attract foreign direct investment (FDI). In this study, we consider accounting standards as a component of the institutional infrastructure of a...

Wage inequality fell in the 1960s and 1970s in Korea, Taiwan and Singapore but rose in the 1980s and 1990s in many developing countries that liberalized trade. This paper provides an explanation based on a model in which trade barriers give rise to nontraded goods. The model generates a U-shaped...

This paper investigates similarities and differences between developed and less developed countries in international technology diffusion. We measure international technology spillovers in trade, patents, and in disembodied forms. We find that all countries benefit from foreign technology....

This paper investigates U.S. multinational enterprises (MNEs) as a channel of international technology diffusion in 40 countries over 1966-1994. Data on technology transfer are used to distinguish between the technology diffusion effect and other productivity-enhancing effects of MNEs. The study...

This study investigates the environmental implications of cryptocurrency energy consumption on climate change. Using a spectrum of approaches, including Granger causality across quantiles, cross-quantilograms, and dynamic connectedness, we provide novel evidence on the nexus between Bitcoin...