163 research outputs found
Institutional Quality and FDI to the South: An Analytical Approach
No full textWe ask whether MNEs’ experience of institutional quality and political risk within their “home†business environments influences their decisions to enter a given country. We set out an explicit theoretical model that allows for the possibility that firms from South source countries may, by virtue of their experience with poor institutional quality, derive a competitive advantage over firms from North countries with respect to investing in destinations in the South. We show that the experience gained by such MNEs of poorer institutional environments may result in their being more prepared to invest in other countries with correspondingly weak institutions.foreign direct investment, multinational enterprises, institutional quality
Replication Data and Code for: Greenfield FDI and skill upgrading: A polarized issue
No full textThe data and programs replicate tables and figures from "Greenfield FDI and skill upgrading: A polarized issue", by Davies and Desbordes. Please see the ReadMe file for additional details
Marceline Desbordes-Valmore (a selection of poems)
No full textEl artículo propuesto ofrece una breve aproximación a la biografía de Marceline Desbordes-Valmore, además de una también breve síntesis de sus ideas poéticas. Sigue una bibliografía de las principales obras publicadas en vida por la autora. Acabamos realizando una traducción al español de una selección poética, que desea brindar un conocimiento fidedigno de las principales preocupaciones estéticas de la escritora.This article presents a short approach to the Marceline Desbordes-Valmore's biography and also a short summary of her poetic ideas. A bibliography of the main works follows that were published during her lifetime by the author. Finally, we made a translation into Spanish of a poetic selection that wants to provide reliable knowledge of the main aesthetic worries of the autho
Marceline Desbordes-Valmore (selección de poemas)
No full textThis article presents a short approach to the Marceline Desbordes-Valmore\u27s biography and also a short summary of her poetic ideas. A bibliography of the main works follows that were published during her lifetime by the author. Finally, we made a translation into Spanish of a poetic selection that wants to provide reliable knowledge of the main aesthetic worries of the author.El artículo propuesto ofrece una breve aproximación a la biografía de Marceline Desbordes-Valmore, además de una también breve síntesis de sus ideas poéticas. Sigue una bibliografía de las principales obras publicadas en vida por la autora. Acabamos realizando una traducción al español de una selección poética, que desea brindar un conocimiento fidedigno de las principales preocupaciones estéticas de la escritora
On the Distributional Consequences of Epidemics
No full textWe develop a tractable general theory for the study of the economic and demographic impact of epidemics, and notably its distributional consequences. To this end, we develop a three-period overlapping generations model where altruistic parents choose optimal health expenditures for their children and themselves. The survival probability of (junior) adults and children depends on such investments. Agents can be skilled or unskilled. The model emphasizes the role of orphans. Orphans are not only penalized in the face of death, they are also penalized in the access to education. Epidemics are modeled as one period exogenous shocks to the survival rates. We specifically study the consequence of a negative shock on adult survival rates in the first period. We prove that while the epidemic has no permanent effect on income distribution, it can perfectly alter it in the short and medium run. In particular, the epidemic may imply a worsening in the short and medium run of both economic performance and income distribution. Two opposite mechanisms are isolated: first, the survival rate of children at the end of the first period decreases relatively more in poor than in wealthy families. This decreases the proportion of junior adults with a low endowment of human capital in period 2. Secondly, the number of orphans in period 1 increases in both families. This decreases the proportion of junior adults with a low endowment of human capital in period 2. Therefore, the proportion of the unskilled will necessarily increase in the medium run if orphans are too penalized in the access to a high level of education.Epidemics, orphans, income distribution, endogenous survival, medium-term dynamics
Desbordes-Valmore, artiste naïve? Doutes sur un oubli de rimer
No full textIn the poem "Minuit" by Marceline Desbordes-Valmore (1833), a line is missing to rhyme. One could imagine that a line was missing, which is implied by the edition of her works in 1922. This hypothesis is all the more tempting as the author is often judged as a natural artist not very conscious of her art. An analysis of the text shows, however, that this lack of rhyme is motivated and makes sense. This tends to show that Desbordes-Valmore's versification deserves more attention than it is generally given.Dans le poème "Minuit" de Marceline Desbordes-Valmore (1833), un vers manque à rimer. On a pu imaginer qu'il manquait un vers, ce qu'implique l'édition de ses œuvres en 1922. Cette hypothèse est d'autant plus tentante que l'auteur est souvent jugée comme une artiste naturelle peu consciente de son art. Une analyse du texte montre pourtant que ce manque de rime est motivé et fait sens. Ceci tend à montrer que la versification de Desbordes-Valmore mériterait plus d'attention qu'on ne lui en accorde généralement
The non-linear effects of life expectancy on economic growth
No full textThis paper shows that improvements in life expectancy (LE) had a non-linear effect on income per capita over the 1940–1980 period as this effect was conditional on each country’s initial level of LE. Whereas higher LE had an initial statistically significant negative impact on income per capita in countries with LE under 43 years in 1940, the opposite is true in countries with initial LE over 53 years
Market familiarity and the location of South and North MNEs
No full textWe use a systematic empirical analysis of the determinants of South-South (SS) and North-South (NS) foreign direct investment (FDI) as a canvas to explore how multinational enterprises’ (MNEs) location decisions are shaped by better acquaintance with a foreign market resulting from bilateral ties, experience of international expansion, and knowledge of how to deal with poor governance. We find that these various aspects of market familiarity, which can interact together, are important to explain and differentiate the location behaviors of South MNEs (S-MNEs) and North MNEs (N-MNEs) in developing countries
On the distributional consequences of epidemics
No full textWe develop a tractable general theory for the study of the economic and demographic impact of epidemics, and notably its distributional consequences. To this end, we develop a three-period overlapping generations model where altruistic parents choose optimal health expenditures for their children and themselves. The survival probability of (junior) adults and children depends on such investments. Agents can be skilled or unskilled. The model emphasizes the role of orphans. Orphans are not only penalized in the face of death, they are also penalized in the access to education. Epidemics are modeled as one period exogenous shocks to the survival rates. We specifically study the consequence of a negative shock on adult survival rates in the first period. We prove that while the epidemic has no permanent effect on income distribution, it can perfectly alter it in the short and medium run. In particular, the epidemic may imply a worsening in the short and medium run of both economic performance and income distribution. Two opposite mechanisms are isolated: first, the survival rate of children at the end of the first period decreases relatively more in poor than in wealthy families. This decreases the proportion of junior adults with a low endowment of human capital in period 2. Secondly, the number of orphans in period 1 increases in both families. This decreases the proportion of junior adults with a low endowment of human capital in period 2. Therefore, the proportion of the unskilled will necessarily increase in the medium run if orphans are too penalized in the access to a high level of education.Epidemics, orphans, income distribution, endogenous survival, medium-term dynamics
Does Public Governance always Matter? How Experience of Poor Institutional Quality Influences FDI to the South
No full textThis paper investigates whether the higher prevalence of South multinational enterprises (MNEs) in risky developing countries may be explained by the experience that they have acquired of poor institutional quality at home. We confirm the intuition provided by our analytical model by empirically showing that the positive impact of good public governance on foreign direct investment (FDI) in a given host country is moderated significantly, and even in some cases eliminated, when MNEs have been faced with poor institutional quality at home.South-South FDI, public governance, institutions
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