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aggregate consequences of international firms in dev

Andrés Rodríguez-Clare

"Clusters and Comparative Advantage: Implications for Industrial Policy," Journal of Development Economics, Vol. 82 (February 2007), pp. 57 "Import Penetration and the Politics of Trade Protection," (with Giovanni Maggi), Journal of International Economics, vol. 51, pp. 304, August 2000.

The rise of robots in the German labour market | VOX, CEPR ...

 · Aggregate effects of robots on productivity and the labour share. We believe that those empirical findings reflect a key feature of industrial relations in the German labour market – the manufacturing sector is still highly unionised, and blue-collar wages (especially) are typically determined collectively with strong involvement of work ...

UC San Diego

“Natalia Ramondo asks: How large are the welfare effects of openness? How do multinational firms expand in space and time? How important are domestic frictions to understand international trade patterns? She teaches International Trade for second year PhD students and a core International Economics course for MA students.

The rise of zombie firms: causes and consequences

Part 5 of "International banking and financial market developments" (BIS Quarterly Review), September 2018, by Ryan Banerjee and Boris Hofmann. The rising number of so-called zombie firms, defined as firms that are unable to cover debt servicing costs from current profits over an extended period, has attracted increasing attention in both academic and policy circles. ...

Accrual-based and real earnings management and political ...

This study extends the literature on the relationship between political connections of firms and earnings management by investigating whether the trade-off between real and accrual-based management differs between firms with and without political connections. We show that companies' political connections play a significant incremental role in ...

Aggregate Industries | Building Materials | At The Heart ...

About Aggregate Industries. We’re at the frontline of the construction and infrastructure industries, producing and supplying an array of construction materials. With over 330 sites and more than 4100 dedicated employees, we’re home to everything from aggregates, asphalt, ready-mixed concrete and precast concrete products.

Long Run Aggregate Supply | Economics | tutor2u

Shocks and long run aggregate supply. The effects of temporary supply-side shocks are normally to cause a shift in the SRAS curve; There are occasions when changes in production technologies or step-changes in the productivity of factors of production that were not expected causes a shift in the long run aggregate supply curve.

Macroeconomics Chapter 15 Flashcards | Quizlet

Most economists use the aggregate demand and aggregate supply model primarily to analyze a. short-run fluctuations in the economy. b. the effects of macroeconomic policy on the prices of individual goods. c. the long-run effects of international trade policies. d. productivity and economic growth.

An Essay on the Effects of Taxation on the Corporate ...

(2001). They use an aggregate data time-series, Tax Years 1950 to 1995, to test for the effects of corporate taxation on the financial policy of firms of different sizes. They found that taxes have a large effect on the use of debt for the smallest and the largest firms. In this paper, I first estimated the Gordon and Lee (G&L) model us-

24.4 Shifts in Aggregate Demand – Principles of Economics

Shifts in Aggregate Demand. (a) An increase in consumer confidence or business confidence can shift AD to the right, from AD 0 to AD 1. When AD shifts to the right, the new equilibrium (E 1) will have a higher quantity of output and also a higher price level compared with the original equilibrium (E 0).

Cecile Gaubert's Home Page - University of California ...

Aggregate TFP and welfare depend on the extent of agglomeration externalities produced in cities and on how heterogeneous firms sort across them. The distribution of city sizes and the sorting patterns of firms are uniquely determined in equilibrium. This allows me to structurally estimate the model, using French firm-level data.

The Effects of Foreign Multinationals on Workers and Firms ...

 · For individual workers, though, the clear winners are those who already earn higher wages and, presumably, are higher-skilled. Those workers at domestic firms on the lower end of the wage scale experience no positive effect from the arrival of a foreign multinational. Still, in the aggregate, the labor effects are real and substantial.

Benefits and costs of free trade for less developed ...

Trade liberalization seems to have increased growth and income in developing countries over the past thirty years, through lower prices, firm-level efficiency gains and improved access to foreign inputs. However, aggregate gains from free trade are not necessarily equally distributed, so that trade liberalization has important costs for some people.

Effect of Corruption on Investment Growth

separate regressions for firms in three regions, Transition countries, Sub-Saharan Africa (SSA) and Latin America and the Caribbean (LAC), and we analyze whether the effect of corruption on investment growth differs systematically across the three regions. Our approach contrasts with most studies that pool data from several regions into one sample.

aggregate consequences of international firms in dev

The rise of zombie firms: causes and consequences - bisorg. Part 5 of "International banking and financial market developments" (BIS Quarterly Review), September 2018, by Ryan Banerjee and Boris Hofmann The rising number of so-called zombie firms, defined as firms that are unable to cover debt servicing costs from current profits over an extended period, has attracted increasing attention in ...

International Competitiveness - Economics Help

International competitiveness measures the relative cost and value of a countries exports. For example, if UK goods and services become more expensive than its competitors, then the UK would see a decline in its international competitiveness. International competitiveness is determined by. Short-run factors – inflation and exchange rate

What are the positive and negative effects of foreign ...

 · FDI can create economic growth through the creation of physical assests in the economy and comparative advantages which are mentioned as follows: * new technology transfers * * the companies bring along machinery, equipment and production and mar...

Corporate Debt, Firm Size and Financial Fragility in ...

consequences. Gabaix (2011) notes that the largest firms dominate economic activity in advanced countries and shocks to the largest firms can affect aggregate output as these shocks do not get diversified in the aggregate data.4 1 The growth in corporate profits has slowed considerably, and the return on invested capital in emerging-market

The Effects of Foreign Multinationals on Workers and Firms ...

 · For individual workers, though, the clear winners are those who already earn higher wages and, presumably, are higher-skilled. Those workers at domestic firms on the lower end of the wage scale experience no positive effect from the arrival of a foreign multinational. Still, in the aggregate, the labor effects are real and substantial.

Strategic trade theory - Wikipedia

Strategic trade theory (sometimes appearing in literature as "strategic trade policy") describes the policy certain countries adopt in order to affect the outcome of strategic interactions between firms in an international oligopoly, an industry dominated by a small number of firms.

How does income inequality affect economic growth? | World ...

 · The relationship between aggregate output and the distribution of income is an important topic in macroeconomics (Galor 2011). The role that income inequality plays in economic growth has also received quite a bit of attention in policy circles and the press recently. For instance, the World Bank ...

Concrete International

The American Concrete Institute. Founded in 1904 and headquartered in Farmington Hills, Michigan, USA, the American Concrete Institute is a leading authority and resource worldwide for the development, dissemination, and adoption of its consensus-based standards, technical resources, educational programs, and proven expertise for individuals and organizations involved in concrete design ...

Aggregate demand | Economics Online

Aggregate demand. Economists use a variety of models to explain how national income is determined, including the aggregate demand - aggregate supply (AD - AS) model. This model is derived from the basic circular flow concept, which is used to explain how income flows between s and firms. Aggregate demand (AD) Aggregate demand (AD) is the total demand by domestic and foreign …

Strategic trade theory - Wikipedia

Strategic trade theory (sometimes appearing in literature as "strategic trade policy") describes the policy certain countries adopt in order to affect the outcome of strategic interactions between firms in an international oligopoly, an industry dominated by a small number of firms.

Firms in International Trade1

between trading and non-trading firms have led to the development of a series of heterogeneous-firm models, and that these models offer new insights into the causes and consequences of international trade. Table 1 summarizes key stylized facts about international trade as well as the ability of various models to explain them. These models are

24.4 Shifts in Aggregate Demand – Principles of Economics

Shifts in Aggregate Demand. (a) An increase in consumer confidence or business confidence can shift AD to the right, from AD 0 to AD 1. When AD shifts to the right, the new equilibrium (E 1) will have a higher quantity of output and also a higher price level compared with the original equilibrium (E 0).

Effects of Financial Globalization on Developing Countries ...

INTERNATIONAL MONETARY FUND Effects of Financial Globalization on Developing Countries: ... Do Financial and Trade Integration Have Different Effects on Economic Development? ... Financial globalization is an aggregate concept that refers to rising global linkages through

Article: The impact of HIV and AIDS on aggregate labour ...

Abstract: A review of literature indicates that previous studies concentrate on the effects of HIV/AIDS on labour productivity at individual firms. This study investigates the impact of HIV prevalence rate and AIDS on aggregate labour productivity at the macroeconomy level in …

How does corruption affect economic growth? | World ...

 · The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.

Aggregate demand - Economics Help

Aggregate demand (AD) is the total demand for goods and services produced within the economy over a period of time. Aggregate demand (AD) is composed of various components. AD = C+I+G+ (X-M) C = Consumer expenditure on goods and services. I = Gross capital investment – i.e. investment spending on capital goods e.g. factories and machines

The consequences of protectionism

It is unlikely to solve the distributional consequences of globalisation while it is certain to reduce aggregate global living standards. There are no winners in trade wars, just different degrees of losers. But to defend openness by listing its aggregate benefits is no longer fully convincing.

Accrual-based and real earnings management and political ...

This study extends the literature on the relationship between political connections of firms and earnings management by investigating whether the trade-off between real and accrual-based management differs between firms with and without political connections. We show that companies' political connections play a significant incremental role in ...