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The paper studies the drivers of productivity at country and sectoral levels over the period 2000-2017 with the focus … intangible digital capital for productivity growth, particularly in the manufacturing sectors. While backward global value chain … participation and EU integration are also found to be instrumental for accelerating productivity growth, the impact of inward …
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hand, FDI knowledge spillovers decrease service productivity within regions, because of market-stealing effects operating …
Persistent link: https://www.econbiz.de/10014227905
Can a temporary negative shock generate long-lasting effects on economic activities? To show causal evidence, we utilize data from Japanese multinational corporations (MNCs) and explore the economic impact of the unexpected escalation of an island dispute between China and Japan in 2012. Our...
Persistent link: https://www.econbiz.de/10011554377
Using sector-level data on bilateral greenfield investment for 198 source and destination countries over 2003-2018 in a structural gravity model, we examine the likely effect of the African Continental Free Trade Area (AfCFTA) on African investment. Conditional general equilibrium estimates from...
Persistent link: https://www.econbiz.de/10012175785
In the age of globalisation, international trade and foreign direct investment (FDI) have become integral elements of cross-country production sharing. In this paper we empirically assess the impact of FDI, as well as capital dynamics and structure, on the formation of global value chains (GVC)...
Persistent link: https://www.econbiz.de/10012153901
formation and TFP. Capital goods trade enables poor countries to access more efficient technologies, leading to lower relative … allocate their resources more efficiently, and increase their TFP. We quantify these channels using a multisector, multicountry … half of the reduction in the income gap is due to the TFP channel …
Persistent link: https://www.econbiz.de/10011690972