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Some Thoughts on Making Long-term Forecasts for the World Economy

Fardoust, Shahrokh; Dhareshwar, Ashok M. - 2014

projections and scenario analysis. Such forecasting has become increasingly challenging, thanks to the rapid pace of globalization … the world urgently need to see the big picture if they are to deal with the specific challenges and opportunities they …-house researchers and global experts who work on state-of-the-art models related to globalization, technological progress and …

Persistent link: https://www.econbiz.de/10012560813

Migration, Spillovers, and Trade Diversion : The Impact of Internationalization on Stock Market Liquidity

Levine, Ross; Schmukler, Sergio L. - 2003

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

Finance, Firm Size, and Growth

Beck, Thorsten; Demirguc-Kunt, Asli; Laeven, Luc - 2012

The authors examine whether financial development boosts the growth of small firms more than large firms and hence provides information on the mechanisms through which financial development fosters aggregate economic growth. They define an industry's technological firm size as the firm size...

Persistent link: https://www.econbiz.de/10012553939

Financial and Legal Constraints to Firm Growth : Does Size Matter?

Beck, Thorsten; Demirguc-Kunt, Asli; Maksimovic, Vojislav - 2013

Using a unique firm-level survey data base, covering fifty four countries, the authors investigate whether different financial, legal, and corruption issues that firms report as constraints, actually affect their growth rates. The results show that the extent to which these factors constrain a...

Persistent link: https://www.econbiz.de/10012559546

Funding Growth in Bank-Based and Market-Based Financial Systems : Evidence from Firm-Level Data

Demirguc-Kunt, Asli; Maksimovic, Vojislav - 2000

The authors investigate whether firms' access to external financing, to fund growth differs between market-based, and bank-based financial systems. Using firm-level data for forty countries, they compute the proportion of firms in each country that relies on external finance, and examine how...

Persistent link: https://www.econbiz.de/10012572811

How Does Long-Term Finance Affect Economic Volatility?

Demirguc-Kunt, Asli; Horváth, Bálint L.; Huizinga, Harry - 2016

This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in countries with better-developed...

Persistent link: https://www.econbiz.de/10012571346

Openness and Technological Innovations in Developing Countries : Evidence from Firm-Level Surveys

Almeida, Rita; Fernandes, Ana Margarida - 2012

The authors analyze the role of international technological diffusion for firm-level technological innovations in several developing countries. Their findings show that, after controlling for firm, industry, and country characteristics, exporting and importing activities are important channels...

Persistent link: https://www.econbiz.de/10012553808

Internationalization and the Evolution of Corporate Valuation

Gozzi, Juan Carlos; Levine, Ross; Schmukler, Sergio L. - 2012

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

Contagion and Firms??? Internationalization in Latin America : Evidence from Mexico, Brazil, and Chile

Sakho, Yaye Seynabou - 2012

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

Factor Endowments, Technology, Capital Mobility and the Sources of Comparative Advantage in Manufacturing

Hakobyan, Shushanik; Lederman, Daniel - 2016

Using data on net exports and factor endowments for more than 100 countries, this paper studies the relationship between factor endowments and comparative advantage in 28 manufacturing sectors between 1975 and 2010. The authors allow for systematic technological differences across countries,...

Persistent link: https://www.econbiz.de/10012570935