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How can we help poor people to earn more from their knowledge rather than from their sweat and muscle? This paper draws … lessons from projects intended to promote and protect the innovation, knowledge, and creative skills of poor people in poor … countries, particularly to improve the earnings of poor people from such knowledge and skills. The international community has …
Persistent link: https://www.econbiz.de/10012559651
What is the impact of firms that cross-list, issue depositary receipts, or raise capital in international stock markets on the liquidity of remaining firms in domestic markets? Using a panel of over 3,200 firms from 55 countries during 1989-2000, Levine and Schmukler find that...
Persistent link: https://www.econbiz.de/10012573307
Global value chains have altered the nature of global trade and offer significant opportunities for developing countries to expand exports, access technology, and raise productivity. Policy makers rightly seek to understand what it takes to participate in global value chains. In practice, this...
Persistent link: https://www.econbiz.de/10012570885
The authors present a model of endogenous growth in which the main engine of economic development is knowledge. Using a … sector, their model incorporates two key aspects of knowledge: technology and human capital. Steady-state equilibrium …
Persistent link: https://www.econbiz.de/10012553999
This paper assesses the effects of knowledge on economic growth. By using an array of indicators, each of which … represents an aspect of knowledge, as independent variables in cross-section regressions that span 92 countries for the period … 1960 to 2000, they show that knowledge is a significant determinant of long-term economic growth. In particular, the …
Persistent link: https://www.econbiz.de/10012559802
By documenting the evolution of Tobin's q before, during, and after firms internationalize, the authors provide evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, they find that...
Persistent link: https://www.econbiz.de/10012553757
The author investigates whether contagion matters when emerging market firms cross-list their stocks in a developed capital market. She develops a rational expectations model where financial markets are segmented along emerging markets' borders and contagion spreads from one emerging market to...
Persistent link: https://www.econbiz.de/10012553897
This paper examines the role of multinational enterprises in sustainability reporting. The study assesses how multinational enterprise status correlates with a company's average disclosure rate and probability of reporting on economic, labor and social, environmental, and governance indicators....
Persistent link: https://www.econbiz.de/10012569658
As globalization has intensified, multinational enterprises' investments have become a sophisticated set of financial …
Persistent link: https://www.econbiz.de/10012570353
This paper documents the influence of diaspora networks of highly-skilled individuals -- that is, inventors -- on international technological collaborations. Using gravity models, it studies the determinants of the internationalization of inventive activity between a group of industrialized...
Persistent link: https://www.econbiz.de/10012571185