Showing 1 - 10 of 391
Africa’s interior-to-coast roads are well suited to export natural resources, but not to support regional trade. Are … investigate the political determinants of road paving in West Africa across the 1965-2012 period. Controlling for geography and … networks expanded in a less interior-to-coast way in periods of democracy. This result suggests that Africa’s interior …
Persistent link: https://www.econbiz.de/10012892107
countries. The illusion of sustained African apparel exports is created by late-bloomers in East Africa offsetting boom …-bust patterns in Southern Africa and insignificant responses in Central and West Africa. Firm-level customs data reveal that even in … East Africa the recent export growth was driven by new entrants rather than incumbent firms whose competitiveness might …
Persistent link: https://www.econbiz.de/10012866374
inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll …-Kraay standard errors with fixed effects instrumental variable regression, the following findings are established. First, Africa … threshold analysis suggests that by improving Africa’s mostly unfree economic architecture to 60% (moderately free) or 80% (free …
Persistent link: https://www.econbiz.de/10014347989
The exceptional export performance of foreign-owned firms is a well-established stylized fact, but the underlying mechanism is not yet fully understood. In this paper, we provide theory and empirical evidence demonstrating that this fact can be explained by ownership differences in access to...
Persistent link: https://www.econbiz.de/10013251264
This paper explores empirically whether and how FDI is affected if multinationals’ home countries change taxation of … foreign earnings by switching from worldwide to territorial taxation. Our analysis employs data for German inbound FDI based … synthetic-control method. Our results confirm effects of the switch from worldwide to territorial taxation on FDI but point at …
Persistent link: https://www.econbiz.de/10012892126
firms can serve the foreign market via exporting or via FDI. In case of FDI, they face uncertainty about the wages to be …
Persistent link: https://www.econbiz.de/10012892238
We conduct an empirical investigation into the effects of foreign ownership on worker skills using firm-level data from Spain. To control for endogeneity bias due to selection into foreign ownership, we combine a difference-in-differences approach with a propensity score weighting estimator. Our...
Persistent link: https://www.econbiz.de/10012892251
We study how a preferential trade agreement (PTA) affects international sourcing decisions, aggregate productivity and welfare under incomplete contracting and endogenous matching. Contract incompleteness implies underinvestment. That inefficiency is mitigated by a PTA, because the agreement...
Persistent link: https://www.econbiz.de/10012892256
Aggregate business investment is a major driver of long-term economic growth. It has been weak in many advanced economies over the last decade, partly due to cyclical demand-side effects. Nevertheless, a number of structural factors and policies interact with and have an effect on business...
Persistent link: https://www.econbiz.de/10013223661
with less foreign direct investment (FDI). With an improved dataset on tax autonomy of sub-federal government tiers, we … present evidence that fiscal decentralization (de facto) does not reduce FDI. If local governments can set their tax rates and … bases independently, they attract more FDI. Analyzing 83,458 corporate cross-border acquisitions (CBA), between 148 source …
Persistent link: https://www.econbiz.de/10013224081