Institution
Kiel Institute for the World Economy
Facility•Kiel, Germany•
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.
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TL;DR: In this paper, the authors investigate how multinational companies can foster economic development of the host country at the micro-level, and they show that pecuniary externalities from multinationals can also affect plant start-up and post-entry performance.
Abstract: We investigate how multinational companies can foster economic development of the host country at the micro level. Traditionally the empirical literature measuring spillovers to the host economy arising from foreign direct investment has focused on productivity spillovers, i.e., technological externalities. In this paper we emphasise that pecuniary externalities from multinationals can also be important. These can affect plant start-up and post-entry performance in terms of survival and growth. We substantiate this by outlining and discussing previous and providing new empirical results using a comprehensive plant level panel data set for the Republic of Ireland.
74 citations
TL;DR: In this paper, a method to estimate the direct effects of foreign ownership on foreign firms' productivity and the indirect effects from the presence of foreign-owned firms on other foreign and domestic firms's productivity in a unifying framework, taking interactions between firms into account.
74 citations
TL;DR: In this paper, the authors adopt both a nonparametric and a semiparametric IV estimator to show that the relationship between inflation and output growth is non-linear and that there exists a threshold level below which inflation has no effects on growth.
74 citations
Posted Content•
TL;DR: In this paper, instead of proxy variables, latent processes are assumed to model the aforementioned time variation, and they find that default risks measured via expected debt-to-GDP ratio explain a good stake of the variation of bond spreads in the Euro area at least between 2003 and the take-off of the financial crisis.
Abstract: Despite the single currency, yields on government bonds in the Euro Area deviate from German bond yields. These bond spreads are usually attributed to differing default and liquidity risks. Recent research points out that time-varying global factors, approximated by risk measures or short term interest rates, play an important role for the evaluation of theses risks. In this paper, instead of proxy variables latent processes are assumed to model the aforementioned time variation. We find, that default risks measured via expected debt-to-GDP ratio explain a good stake of the variation of bond spreads in the Euro area at least between 2003 and the take-off of the financial crisis. During the financial crisis default risks or rather their evaluation increased but lost relative importance compared to liquidity risks.
74 citations
TL;DR: Positive migration effects seem to compensate the elderly for decreasing social contact with their migrant family members, and are linked to an income effect which leads to improvements in diet and reallocation of time use from subsistence farming to leisure and sleep which may have further beneficial effects.
73 citations
Authors
Showing all 325 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Richard S.J. Tol | 116 | 695 | 48587 |
| Axel Dreher | 78 | 350 | 20081 |
| Holger Görg | 67 | 367 | 17161 |
| J. Edward Taylor | 50 | 210 | 13967 |
| Thomas Lux | 49 | 194 | 11041 |
| Dennis J. Snower | 47 | 311 | 9689 |
| Xinshen Diao | 46 | 251 | 6568 |
| Gabriel Felbermayr | 45 | 272 | 6586 |
| Peter Nunnenkamp | 42 | 250 | 5711 |
| Ansgar Belke | 42 | 536 | 7383 |
| Awudu Abdulai | 41 | 156 | 6555 |
| Katrin Rehdanz | 40 | 161 | 6453 |
| Martin F. Quaas | 39 | 189 | 5628 |
| Michael Hübler | 36 | 194 | 4051 |
| Mario Larch | 34 | 146 | 4040 |