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The Elusive Gains from International Financial Integration

Gourinchas, Pierre-Olivier; Jeanne, Olivier - C.E.P.R. Discussion Papers - 2003

Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this type of...

Persistent link: https://www.econbiz.de/10005791683

Non-Economic Engagement and International Exchange: The Case of Environmental Treaties

Rose, Andrew K; Spiegel, Mark - C.E.P.R. Discussion Papers - 2006

We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...

Persistent link: https://www.econbiz.de/10005666580

Why Pay More? Corporate Tax Avoidance Through Transfer Pricing in OECD Countries

Bartelsman, Eric J; Beetsma, Roel - C.E.P.R. Discussion Papers - 2000

This paper presents evidence of profit shifting in response to differences in corporate tax rates for a large selection of OECD countries. In our estimates we control for the effects of tax rate changes on real activity. Our baseline estimates suggest that, on average, a unilateral increase in...

Persistent link: https://www.econbiz.de/10005504504

Fear of Outsourcing: Is It Justified?

Amiti, Mary; Wei, Shang-Jin - C.E.P.R. Discussion Papers - 2004

The recent media and political attention on service outsourcing from developed to developing countries gives the impression that outsourcing is exploding. As a result, workers in industrial countries are anxious about job losses. This Paper aims to establish what are the hypes and what are the...

Persistent link: https://www.econbiz.de/10005504627

Sovereign Risk, Credibility and the Gold Standard: 1870-1913 versus 1925-31

Obstfeld, Maurice; Taylor, Alan M. - C.E.P.R. Discussion Papers - 2003

spreads after World War One, but not before. …

Persistent link: https://www.econbiz.de/10005497898

Knowledge Spillovers at the World's Technology Frontier

Keller, Wolfgang - C.E.P.R. Discussion Papers - 2001

&D expenditures in the world's seven major industrialized countries between 1970 and 1995. First, I find that the scope of technology …

Persistent link: https://www.econbiz.de/10005497902

Taxation if Capital is Not Perfectly Mobile: Tax Competition versus Tax Exportation

Eijffinger, Sylvester C W; Wagner, Wolf - C.E.P.R. Discussion Papers - 2001

This Paper analyses the tax competition and tax exporting effect of financial integration. On the one hand, financial integration increases capital mobility and thus the incentive for countries to compete for capital. On the other hand, financial integration increases foreign ownership of firms...

Persistent link: https://www.econbiz.de/10005497904

Capital Mobility, the Real Exchange Rate, and the Rate of Return to Capital in the Presence of Non-Traded Goods

Gatsios, Konstantine - C.E.P.R. Discussion Papers - 2000

This Paper constructs a general equilibrium trade model of a small open economy producing an exported good, an imported good and a non-traded good by using two or more factors of production, one of which, namely capital, is imperfectly internationally mobile. Within this framework, it is shown...

Persistent link: https://www.econbiz.de/10005498144

Merchanting and Current Account Balances

Beusch, Elisabeth; Döbeli, Barbara; Fischer, Andreas M; … - C.E.P.R. Discussion Papers - 2014

Merchanting is goods trade that does not cross the border of the firm's country of residence. Merchanting grew strongly in the last decade in several European economies and has become an important determinant of these countries' current account. Because merchanting firms reinvest their earnings...

Persistent link: https://www.econbiz.de/10011083878

Foreign Language Learning: An Econometric Analysis

Ginsburgh, Victor; Melitz, Jacques; Toubal, Farid - C.E.P.R. Discussion Papers - 2014

The paper is devoted to an econometric analysis of learning foreign languages in all parts of the world. Our sample … learning while the world population of speakers of the native language generally discourages it. Trade with speakers of a … other three key variables (literacy rate, linguistic distance, and world population of native speakers) because its …

Persistent link: https://www.econbiz.de/10011084636