International Economics最新文献_第3页

Economic freedom and people at risk of poverty in selected Eurozone countries 欧元区部分国家的经济自由度与面临贫困风险的人口

International Economics Pub Date : 2024-09-14 DOI: 10.1016/j.inteco.2024.100551

Liotti Giorgio

引用次数: 0

Financial resilience, growth and risk sharing in the EU 欧盟的金融复原力、增长和风险分担

International Economics Pub Date : 2024-09-11 DOI: 10.1016/j.inteco.2024.100550

Eleonora Cavallaro , Ilaria Villani

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引用次数: 0

Ensuring farm minimum prices: Economic impacts of trade vs competition policies 确保农场最低价格：贸易政策与竞争政策的经济影响

International Economics Pub Date : 2024-09-05 DOI: 10.1016/j.inteco.2024.100549

Alexandre Gohin , Alan Matthews

引用次数: 0

Diversification in sight? A macroeconomic assessment of Saudi Arabia’s vision 2030 多样化指日可待？沙特阿拉伯 2030 愿景的宏观经济评估

International Economics Pub Date : 2024-08-28 DOI: 10.1016/j.inteco.2024.100538

Flavien Moreau, Zamid Aligishiev

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International trade and wage inequality: Evidence from Brazil 国际贸易与工资不平等：巴西的证据

International Economics Pub Date : 2024-08-22 DOI: 10.1016/j.inteco.2024.100536

Lucas Squarize Chagas , Vinicios P. Sant’Anna

引用次数: 0

What a difference an OFDI makes. Firm-level evidence from the EU 对外直接投资带来的变化。欧盟企业层面的证据

International Economics Pub Date : 2024-08-18 DOI: 10.1016/j.inteco.2024.100537

Koray Aktaş , Valeria Gattai , Piergiovanna Natale

{"title":"What a difference an OFDI makes. Firm-level evidence from the EU","authors":"Koray Aktaş , Valeria Gattai , Piergiovanna Natale","doi":"10.1016/j.inteco.2024.100537","DOIUrl":"10.1016/j.inteco.2024.100537","url":null,"abstract":"<div><p>Using a large panel of European firms covering the years 2007–2015, this study investigates the effects of outward foreign direct investment (OFDI) on performance. Controlling for self-selection through propensity score matching techniques at baseline in a two-way fixed effect difference-in-differences framework, we determine that OFDI firms exhibit higher productivity, value-added, sales, and profit compared with non-OFDI firms. Heterogeneity analysis by destination reveals that the highest performance premia accrue to firms that invested in non-European Union (EU) countries, developed economies and technology-advanced hosts. Heterogeneity analysis by ownership structure shows that OFDI established via joint-venture or wholly owned enterprises have similar, positive performance premia. Furthermore, investing abroad entails no reduction in the parent companies’ number of employees. Finally, we document an increase in research and development expenditure for OFDI firms at both intensive and extensive margins, indicating a potential driver of the observed performance premia.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"180 ","pages":"Article 100537"},"PeriodicalIF":0.0,"publicationDate":"2024-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S211070172400060X/pdfft?md5=ea6b8cdf03594d50da68eb6ac2b81f08&pid=1-s2.0-S211070172400060X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142129197","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does immigration increase crime? The advantage of dynamic threshold models with finer geographic units 移民会增加犯罪吗？具有更精细地理单元的动态阈值模型的优势

International Economics Pub Date : 2024-07-24 DOI: 10.1016/j.inteco.2024.100534

Akinori Tomohara

引用次数: 0

Financial fragility, regime change, and monetary policy in an open economy – A model and empirical application to emerging market countries 开放经济中的金融脆弱性、政权更迭和货币政策--新兴市场国家的模型和经验应用

International Economics Pub Date : 2024-07-22 DOI: 10.1016/j.inteco.2024.100532

Willi Semmler , Marieme Toure

{"title":"Financial fragility, regime change, and monetary policy in an open economy – A model and empirical application to emerging market countries","authors":"Willi Semmler , Marieme Toure","doi":"10.1016/j.inteco.2024.100532","DOIUrl":"10.1016/j.inteco.2024.100532","url":null,"abstract":"<div><p>July 20, 2023 (Revised April 15, 2024) The experiences of the 1997–98 Asian Financial Crisis and the 2008–09 Global Financial Crisis encouraged economists to develop new open-economy dynamic finance-macro models. Such models allow for nonlinearities -- to study the effects of contractionary currency devaluation -- in contrast to models of expansionary currency devaluation. The generic dynamic model of the finance-macro link in this paper includes the dynamics of the inflation rates, output gap, and financial variables (credit flows, risk premia, and exchange rates). The theoretical model with nonlinearities shows that there can be resilient or non-resilient outcomes of the dynamics. The level of resilience is however dependent on some empirical vulnerabilities. Relevant empirics show the risk premium is related not only to domestic real macro and financial variables, but also to the exchange rate and the foreign currency reserves. Econometrically, this paper explores the regime-dependent interaction of the output gap and financial variables in a two-regime non-linear Logistic Vector Smooth Transition Auto-Regressive (LVSTAR) model with a logistic-type transition function. This empirical study reveals that the financial variables of emerging economies show regime-dependent responses to external shocks. Therefore, a positive shock to the risk premia in a negative output gap regime entails an exchange rate depreciation, and accelerating contractions. Overall, however, a diversity of EM economies are examined in terms of their response to external shocks and their resilience levels. This research also has implications for international portfolio holdings.</p></div>","PeriodicalId":13794,"journal":{"name":"International Economics","volume":"179 ","pages":"Article 100532"},"PeriodicalIF":0.0,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141851624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

What is it good for? On the inflationary effects of military conflicts 有什么好处？军事冲突对通货膨胀的影响

International Economics Pub Date : 2024-07-20 DOI: 10.1016/j.inteco.2024.100535

Ulrich Eydam, Florian Leupold

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引用次数: 0

Intra-African migration and the real exchange rate 非洲内部移民和实际汇率

International Economics Pub Date : 2024-07-18 DOI: 10.1016/j.inteco.2024.100526

Morel Tien

引用次数: 0