1,721,017 research outputs found
Effects of Free Trade Areas in Trade Promotion: Gravity Model Approach
Get PDFTse, Yiu Kuen; Chor, Davin</p
INVESTMENT FLOW: AN EMPIRICAL STUDY OF THE EFFECTS OF EXCHANGE RATES ON US FOREIGN DIRECT INVESTMENT INFLOWS
No full textThis paper analyzes three main questions: 1) the effect of exchange rates on
foreign direct investment (FDI) acquisition in the US, 2) the differential effects of
exchange rates on FDI acquisition in the US manufacturing, services, financial, natural
resources and trade industries, respectively, and 3) the asymmetric effects of foreign
currency appreciations vs. foreign currency depreciations on FDI acquisition in the US. I
show that exchange rates and US inward foreign direct investment are positively and
significantly correlated. I argue that exchange rates affect foreign direct investment
through Froot and Stein’s wealth hypothesis in which, a foreign currency appreciation
increases the foreign country’s relative wealth and thus gives it a bidding advantage over
the host country. In relation to the second question, I find that the relationship between
exchange rates and foreign direct investment is positive and statistically significant when
analyzing acquisitions in the manufacturing industry. The fact that this relationship does
not hold for the other countries suggests that FDI acquisition in these industries is
significantly determined by other factors. Finally, I observe that the effect of foreign
currency appreciation on FDI is symmetric and proportional to that of foreign currency
depreciation
An Empirical Analysis of Information and Communication Technologies and Their Effect on Political Stability in the Arab World
No full textThis paper investigates the relationship between information and communication technologies, namely mobile phone subscriptions and internet users, and political stability in the countries of the Arab League with the addition of Iran. It’s analysis uses a sample of 203 countries including 22 countries which are considered to be part of the Arab League (and Iran) for the period 1996-2011. The main finding of this paper is that increased information and communication technologies lead to decreased political stability in Arab League countries (and Iran)
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Unpacking sources of comparative advantage: A quantitative approach
No full textThis paper develops an approach for quantifying the importance of different sources of comparative advantage, by extending the Eaton and Kortum (2002) model to predict industry trade flows. In this framework, comparative advantage is determined by the interaction of country and industry characteristics, with countries specializing in industries whose production needs they can best meet with their factor endowments and institutional strengths. I estimate the model parameters using: (i) OLS; and (ii) a simulated method of moments procedure that accounts for the prevalence of zeros in the bilateral trade data. I apply the model to explore various quantitative questions, such as how much distance, Ricardian productivity, factor endowments, and institutions each matter for country welfare in the global trade equilibrium.Comparative advantage Gravity Ricardian model Factor endowments Institutional determinants of trade Simulated method of moments
Subsidies for FDI: Implications from a model with heterogeneous firms
Get PDFRevise and Resubmit, Journal of International Economics</p
Discussion of Balistreri, Hillberry, and Rutherford (2007): Structural Estimation and Solution of International Trade Models with Heterogeneous Firms
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