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Privatization, Entry Regulation and the Decline of Labour's Share of GDP: A Cross-Country Analysis of the Network Industries

Azmat, Ghazala; Manning, Alan; Van Reenen, John - C.E.P.R. Discussion Papers - 2007

-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labour share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labour …

Persistent link: https://www.econbiz.de/10005114490

The Impact of Exchange Rate Uncertainty on the Level of Investment

Darby, Julia; Hughes Hallett, Andrew; Ireland, Jonathan; … - C.E.P.R. Discussion Papers - 1998

Conventional wisdom has it that increasing price or exchange rate uncertainty will depress investment. Using the Dixit … uncertainty leads to more investment. It depends first on the risk of being stuck with (ex-post) unwanted investments, then on the … increase or decrease investment; and also to identify which types of industries would gain, and which would suffer, from a move …

Persistent link: https://www.econbiz.de/10005123604

FDI and Domestic Investment: An Industry-Level View

Arndt, Christian; Buch, Claudia M.; Schnitzer, Monika - C.E.P.R. Discussion Papers - 2007

Previous empirical work on the link between domestic and foreign investment provides mixed results which partly depend … investment (FDI) cannot be gauged using firm-level data. Aggregated data, in turn, miss channels through which domestic and … investment. We theoretically show that the effects of FDI on the domestic capital stock depend on the structure of industries and …

Persistent link: https://www.econbiz.de/10005504317

The Demand for Liquid Assets, Corporate Saving, and Global Imbalances

Bacchetta, Philippe; Benhima, Kenza - C.E.P.R. Discussion Papers - 2012

, because the demand for foreign bonds is a complement to domestic investment rather than a substitute. We show that this …-growth, high-investment, emerging countries. …

Persistent link: https://www.econbiz.de/10011084493

Corporate Saving in Global Rebalancing

Bacchetta, Philippe; Benhima, Kenza - C.E.P.R. Discussion Papers - 2014

In this paper, we examine theoretically how corporate saving in emerging markets is contributing to global rebalancing. We consider a two-country dynamic general equilibrium model, based on Bacchetta and Benhima (2014), with a Developed and an Emerging country. Firms need to save in liquid...

Persistent link: https://www.econbiz.de/10011084689

Population Ageing and International Capital Flows

Domeij, David; Flodén, Martin - C.E.P.R. Discussion Papers - 2004

We use the neoclassical growth framework to model international capital flows in a world with exogenous demographic change. We compare model implications and actual current account data and find that the model explains a small but significant fraction of capital flows between OECD countries, in...

Persistent link: https://www.econbiz.de/10005661601

Weightless Machines and Costless Knowledge: An Empirical Analysis of Trade and Technology Diffusion

Barba Navaretti, Giorgio; Soloaga, Isidro - C.E.P.R. Discussion Papers - 2002

This Paper examines the impact of imported technologies on productivity for a sample of developing and transition countries in Central and Eastern Europe and in the Southern Mediterranean. These economies are getting more and more integrated to the European Union. The Paper departs from earlier...

Persistent link: https://www.econbiz.de/10005504405

The 'Genome' of NEG Models with Vertical Linkages: A Positive and Normative Synthesis

Ottaviano, Gianmarco; Robert-Nicoud, Frédéric - C.E.P.R. Discussion Papers - 2004

This Paper takes a broader look at how vertical linkages can trigger the spatial agglomeration of economic activity in a ‘new economic geography’ (NEG) set-up. First, it formally establishes the key positive features of a wide class of vertical-linkage models without resorting to numerical...

Persistent link: https://www.econbiz.de/10005504527

The Geography of Multi-Speed Europe

Martin, Philippe; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 1995

This paper describes the possible impact of multi-speed integration on the location of economic activities in Europe. We present a model where two countries integrate their economies and leave a third temporarily outside because of its lower income. We analyse the effect of different integration...

Persistent link: https://www.econbiz.de/10005497760

Agglomeration with Human and Physical Capital: an Analytically Solvable Case

Forslid, Rikard - C.E.P.R. Discussion Papers - 1999

This paper suggests a simple modification of the core-periphery model by Krugman (1991), which makes the model easy to solve analytically. We use the modified model to analyse the tendencies for geographical agglomeration of manufacturing industry as regions integrate economically. Two cases of...

Persistent link: https://www.econbiz.de/10005067355