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SIMULATING RUSSIA’S AND OTHER LARGE ECONOMIES’ CHALLENGING AND INTERCONNECTED TRANSITIONS

Benzell, Seth G.; Goryunov, Eugene; Kazakova, Marija; … - 2015

This paper develops a large-scale, dynamic life-cycle model to simulate Russia’s demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic...

Persistent link: https://www.econbiz.de/10011379852

The Effect of Multinational Firms' Operations on Their Domestic Employment

Kravis, Irving B.; Lipsey, Robert E. - 2022

Given the level of its production in the U.S., a firm that produces more abroad tends to have fewer employees in the U.S. and to pay slightly higher salaries and wages to them. The most likely explanation seems to be that the larger a firm's foreign production, the greater its ability to...

Persistent link: https://www.econbiz.de/10014157774

Foreign Direct Investment in a World of Multiple Taxes

Desai, Mihir A.; Hines, James R. - 2022

While governments have multiple tax instruments available to them, studies of the effect of tax policy on the locational decisions of multinationals typically focus exclusively on host country corporate income tax rates and their interaction with home country tax rules. This paper examines the...

Persistent link: https://www.econbiz.de/10014126301

The United States and Foreign Competition in Latin America

Edwards, Sebastian - 2022

This paper analyzes the evolution of the U.S. trade relations with Latin America, investigating the possible path that … in Latin America, comparing the importance of the U.S. and other nations. Finally, the role of international trade in the …

Persistent link: https://www.econbiz.de/10014103708

FDI and Capital Formation in Developing Economies : New Evidence from Industry-Level Data

Amighini, Alessia - 2017

We contribute to the long debated issue of whether inward foreign direct investment (FDI) can stimulate investment in developing countries by introducing a novel measure of FDI, based on industry-level data. Our results suggest a positive impact of FDI on total investment – measured as the...

Persistent link: https://www.econbiz.de/10012965418

Trade and Investment in the Global Economy

Anderson, James E. - 2017

We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology … capital. The model nests structural gravity sub-systems for FDI and trade, with accumulation/decumulation of phyisical and … to 9\% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …

Persistent link: https://www.econbiz.de/10012948432

How Important is the Global Financial Cycle? Evidence from Capital Flows

Cerutti, Eugenio M. - 2017

This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional techniques, models and metrics. Since the GFCy is an unobservable concept, we use...

Persistent link: https://www.econbiz.de/10012948455

Globalization and the Increasing Correlation between Capital Inflows and Outflows

Davis, Scott - 2017

globalization (stock of external assets and liabilities). This dominates the effect of an increase in trade globalization (exports … with 14 shocks we show that the theoretical impact of financial and trade globalization on the correlation between capital …

Persistent link: https://www.econbiz.de/10012949930

Foreign Investment and Domestic Productivity : Identifying Knowledge Spillovers and Competition Effects

Fons-Rosen, Christian - 2017

We study the impact of FDI on the productivity of host-country firms. FDI has positive spillovers only when foreign and domestic firms use similar technologies. Channeling FDI to sectors where firms share similar technology would significantly increase productivity spillovers from FDI. We show...

Persistent link: https://www.econbiz.de/10012950067

A Model of Fickle Capital Flows and Retrenchment

Caballero, Ricardo J. - 2016

We develop a model of gross capital flows and analyze their role in global financial stability. In our model, consistent with the data, when a country experiences asset fire sales, foreign investments exit (fickleness) while domestic investments abroad return home (retrenchment). When countries...

Persistent link: https://www.econbiz.de/10012980666