Similar Search Results

Global Risks and Collective Action Failures : What Can the International Community Do?

Otker-Robe, Inci - 2014

What do climate change, global financial crises, pandemics, and fragility and conflict have in common? They are all examples of global risks that can cross geographical and generational boundaries and whose mismanagement can reverse gains in development and jeopardize the well-being of...

Persistent link: https://www.econbiz.de/10013043705

Why U.S. Immigration Matters for the Global Advancement of Science

Agarwal, Ruchir; Ganguli, Ina; Gaule, Patrick; Smith, Geoff - 2021

This paper studies the impact of U.S. immigration barriers on global knowledge production. We present four key findings. First, among Nobel Prize winners and Fields Medalists, migrants to the U.S. play a central role in the global knowledge network—representing 20-33% of the frontier knowledge...

Persistent link: https://www.econbiz.de/10013226450

The Taxation of the Windfall from Internationalization of the Korean Capital Market

Mahler, Walter - 2012

The paper describes the evolution of the corporate stock and bond markets in Korea and the Government's role in this evolution and its policy with regard to internationalization of the capital market. The paper analyzes problems encountered in gradually opening the Korean capital market to...

Persistent link: https://www.econbiz.de/10012755583

An Assessment of Global Formula Apportionment

De Mooij, Ruud A. - 2019

Formula apportionment as a way to attribute taxable profits of multinationals across jurisdictions is receiving increased attention. This paper reviews existing literature and discusses experiences in selective federal states to evaluate the economic properties of formula apportionment relative...

Persistent link: https://www.econbiz.de/10012859856

The Inflexible Structure of Global Supply Chains

Bayoumi, Tamim - 2019

The rise of global supply chains has had profound effects on individual economies and the global trading system, thereby complicating standard macroeconomic analyses. For many of the new and challenging questions brought about by this phenomenon, such as its impact on the global business cycle...

Persistent link: https://www.econbiz.de/10012860988

FDI, Global Value Chains, and Local Sourcing in Developing Countries

Amendolagine, Vito - 2019

The local sourcing of intermediate products is one the main channels for foreign direct investment (FDI) spillovers. This paper investigates whether and how participation and positioning in the global value chains (GVCs) of host countries is associated to local sourcing by foreign investors....

Persistent link: https://www.econbiz.de/10012864126

Global Value Chains and External Adjustment : Do Exchange Rates Still Matter?

Adler, Gustavo - 2020

The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater integration into international value chains reduces the exchange rate elasticity...

Persistent link: https://www.econbiz.de/10012843296

What is Real and What is Not in the Global FDI Network?

Damgaard, Jannick - 2020

Macro statistics on foreign direct investment (FDI) are blurred by offshore centers withenormous inward and outward investment positions. This paper uses several new datasources, both macro and micro, to estimate the global FDI network while disentangling realinvestment and phantom investment...

Persistent link: https://www.econbiz.de/10012843512

The Distribution of Gains from Globalization

Lang, Valentin - 2018

We study economic globalization as a multidimensional process and investigate its effect on incomes. In a panel of 147 … countries during 1970-2014, we apply a new instrumental variable, exploiting globalization's geographically diffusive character …, and find differential gains from globalization both across and within countries: Income gains are substantial for …

Persistent link: https://www.econbiz.de/10012922630

Can Countries Manage Their Financial Conditions Amid Globalization?

Arregui, Nicolas - 2018

This paper examines the evolving importance of common global components underlying domestic financial conditions. It develops financial conditions indices (FCIs) that make it possible to compare a large set of advanced and emerging market economies. It finds that a common component, 'global...

Persistent link: https://www.econbiz.de/10012927458