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Before and after its accession to the WTO in 2001, China has undergone a far-reaching investment liberalisation. As part of this, existing restrictions on foreign ownership structure and mandatory export and technology transfer requirements imposed on foreign firms have been lifted in a number...
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The prevailing consensus is that foreign direct investment (FDI) effects are conditional. At the macro level, they depend upon minimum levels of human capital or financial development, while at the micro level, they depend on type of linkage (forwards, backwards, or horizontal). This paper...
Persistent link: https://www.econbiz.de/10009757314
We show that the Brazilian trade liberalization in the early 1990s led to a permanent relative decline in the vote share of left-wing presidential candidates in the regions more affected by the tariff cuts. This happened even though the shock, implemented by a right-wing party, induced a...
Persistent link: https://www.econbiz.de/10012698641
political power at the expenses of the median voter. In particular, investments in lobbying activities allow the rich to obtain … variable taxes and lobbying. In addition, it is established the existence of a transitional dynamics featuring convergence to a … balanced growth path, characterized by constant taxes and lobbying (and a constant growth rate of consumption and capital …
Persistent link: https://www.econbiz.de/10014461501
This paper examines an economy with a large number of industries, each producing a different good. Technological change follows a Poisson process where firms improve their productivity through investment in R&D. The less there are firms in the economy or the more they can coordinate their...
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This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take into account that participation in higher education is non-compulsory and depends on individual choice. Integration increases (decreases) the incentives to participate in higher...
Persistent link: https://www.econbiz.de/10003291728