Kiel Institute for the World Economy

About: Kiel Institute for the World Economy is a facility organization based out in Kiel, Germany. It is known for research contribution in the topics: Foreign direct investment & Productivity. The organization has 318 authors who have published 1909 publications receiving 42832 citations. The organization is also known as: Institut für Weltwirtschaft an der Universität Kiel.

Exposure of Mediterranean countries to ocean acidification.

Abstract: This study examines the potential effects of ocean acidification on countries and fisheries of the Mediterranean Sea. The implications for seafood security and supply are evaluated by examining the sensitivity of the Mediterranean to ocean acidification at chemical, biological, and macro-economic levels. The limited information available on impacts of ocean acidification on harvested (industrial, recreational, and artisanal fishing) and cultured species (aquaculture) prevents any biological impact assessment. However, it appears that non-developed nations around the Mediterranean, particularly those for which fisheries are increasing, yet rely heavily on artisanal fleets, are most greatly exposed to socioeconomic consequences from ocean acidification.

FDI and Income Inequality: Evidence from Europe

Abstract: This paper examines the relationship between foreign direct investment (FDI) and income inequality for a sample of ten European countries over the period 1980 to 2000. Using panel co-integration and causality techniques that are robust to omitted variables, slope heterogeneity, and endogenous regressors, we find that: (1) FDI has a positive short-run effect on income inequality in Europe, (2) the long-run effect of FDI on inequality, however, is negative on average, (3) long-run causality runs in both directions, suggesting that an increase in FDI reduces income inequality and, in turn, higher inequality leads to lower FDI inflows, and (4) there are large differences in the long-run effect of FDI on income inequality, with two countries (Ireland and Spain) exhibiting a positive relationship between FDI and income inequality.

The role of exporting and linkages for productivity spillovers from FDI

Abstract: In this paper we analyse productivity spillovers from foreign direct investment using firm level panel data UK manufacturing industries from 1992 to 1999. We investigate spillovers through horizontal, backward and forward linkages, distinguish spillovers from export oriented vs domestic market oriented FDI, and allow for differing effects depending on domestic firms' export activities. The results suggest that the mechanisms through which spillovers affect domestic firms are very complex and that there are substantial differences in spillover benefits for domestic exporters and non-exporters.

Multinationals and productivity spillovers

Abstract: In recent years the British government has spent substantial sums in order to attract foreign multiinationals to the UK. Amongst other things this has been motivated by the possibility that foreign multinationals bring with them new technologies which may "spill over" to the economy. The present paper discusses the evidence on productivity spillovers in the UK and provides further results. While the international evidence on productivity spillovers is far from conclusive on whether or not these benefits actually accrue to domestic firms, recent evidence based on micro level data for the UK is quite encouraging. Our empirical analysis, based on OneSource for the period 1988 to 1996, is in line with that evidence. However, spillovers depend on the market orientation of FDI, with export oriented FDI being more likely to generate positive spillovers, while domestic market oriented FDI seems to crowd out domestic firms and reduce their productivity. Also, the export orientation of domestic firms matters, in general, exporters appear to benefit most from spillovers than non-exporters.