The Experts below are selected from a list of 10716 Experts worldwide ranked by ideXlab platform
Vasilios D. Kosteas - One of the best experts on this subject based on the ideXlab platform.
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Trade Protection and Capital Imports in the Mexican Manufacturing Sector
2008Co-Authors: Vasilios D. KosteasAbstract:Summary Several studies have investigated the link between trade protection and productivity in developing economies. Others have looked into the relationship between technology Imports and in-house technology production. This paper contributes to the literature by estimating the effect of trade protection on purchases of foreign Capital goods for a panel of Mexican manufacturing plants. Product-market tariffs lower the probability that a plant will import Capital goods, while both output and input tariffs are associated with smaller quantities of Capital Imports. Capital Imports are also associated with higher productivity. Thus, trade barriers may indirectly lower productivity by inhibiting the importation of foreign technologies through Capital goods.
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trade protection and Capital Imports in the mexican manufacturing sector
2005Co-Authors: Vasilios D. KosteasAbstract:Several studies have investigated the link between trade protection and productivity in developing economies. Others have looked into the relationship between technology Imports and in-house technology production. This paper fills a void in the literature by estimating the effect of trade protection on purchases of foreign Capital goods for a panel of Mexican manufacturing plants. Tariffs on output lower the probability a plant will import Capital goods, while both output and input tariffs lead to smaller quantities of Capital Imports. Capital Imports are also associated with higher productivity. Thus, trade barriers may indirectly lower productivity by inhibiting the importation of foreign technologies through Capital goods.
Dario Fauceglia - One of the best experts on this subject based on the ideXlab platform.
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credit market institutions and firm Imports of Capital goods evidence from developing countries
2015Co-Authors: Dario FaucegliaAbstract:Abstract Using firm-level data across seven developing countries, this paper studies the interaction between a firm’s wealth and a country’s credit market institutions on machinery and equipment Imports (=Capital Imports). The panel analysis suggests that credit constraints have a negative impact on the Capital import decision. However, the results also indicate that institutions such as creditor rights, an efficient debt enforcement and accounting standards improve access to external finance and reduce credit constraints with regard to Capital Imports. Firm-level difference-in-difference estimations that exploit a reform of the Brazilian bankruptcy law confirm the importance of credit market institutions for upgrading the technology embodied in Capital goods.
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credit constraints and firm Imports of Capital goods evidence from middle and low income countries
2014Co-Authors: Dario FaucegliaAbstract:Abstract Using firm-level data across developing countries, this paper estimates the effect of credit constraints on machinery and equipment Imports (i.e. Capital Imports). We infer credit constraints from survey questions on the availability and cost of finance instead of relying on firms’ financial situation. After accounting for the potential endogeneity of self-reported credit constraints, the analysis suggests that the probability to import Capital goods reduces to almost zero for credit constrained firms. This finding holds after controlling for other relevant firm characteristics and across various specifications and models.
Masao Oda - One of the best experts on this subject based on the ideXlab platform.
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Welfare Enhancing Direct Investment
2020Co-Authors: Masao Oda, Ryuhei Wakasugi, Masayuki Okawa, Tobias Blattner, Winston Chang, Dipankar Dasgupta, Chung LeeAbstract:Abstract This paper provides a model to consider the conditions under which an acceptance of foreign direct investment is welfare enhancing in a multi-commodity multi-factor framework. Contrary to the pessimistic conventional wisdom of Capital Imports and welfare, we provide a justification for the acceptance of foreign Capital and the diversification of industrial structure in developing countries. A sufficient condition for an acceptance of foreign Capital to be welfare enhancing is that all domestic factors move into the new export sector in equal proportion to the endowments of factors
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a model of welfare enhancing Capital Imports
2012Co-Authors: Masao Oda, Koji ShimomuraAbstract:This paper proposes a model of welfare enhancing Capital Imports in a multi-dimensional framework. Contrary to the pessimistic conventional wisdom of Capital Imports and welfare, a justification is provided for the acceptance of foreign Capital in developing countries.
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Capital Imports and Tariffs
2008Co-Authors: Masao OdaAbstract:This paper develops a three-sector, three-factor specific factor model with a tariff and presents conditions under which Capital Imports and tariffs can be welfare enhancing in a developing country. The impact on welfare depends on the tariff revenue effect and the repatriation effect. A Capital import is welfare enhancing if it reduces the domestic output of Imports. A tariff is welfare enhancing only if it reduces the return to foreign Capital.
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welfare enhancing Capital Imports
2007Co-Authors: Masao Oda, Koji Shimomura, Ryuhei WakasugiAbstract:This paper provides a model to consider the conditions under which an acceptance of foreign Capital is welfare enhancing in a multi-commodity multi-factor framework. Contrary to the pessimistic conventional wisdom of Capital Imports and welfare, we provide a justification for the acceptance of foreign Capital and the diversification of industrial structure in developing countries. A sufficient condition for the acceptance of foreign Capital to be welfare enhancing is that all domestic factors move into the new export sector in equal proportion to the endowments of factors.
Ohad Raveh - One of the best experts on this subject based on the ideXlab platform.
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Capital Imports Composition, Complementarities, and the Skill Premium in Developing Countries
2016Co-Authors: Ariell Reshef, Ohad RavehAbstract:We study how the composition of Capital Imports affects relative demand for skill and the skill premium in a sample of developing economies. Capital Imports per se do not affect the skill premium; in contrast, their composition does. While Imports of R&D-intensive Capital equipment raise the skill premium, Imports of less innovative equipment lower it. We estimate that R&D-intensive Capital is complementary to skilled workers, whereas less innovative Capital equipment is complementary to unskilled labor---which explains the composition effect. This mechanism has substantial explanatory power. Variation in tariffs, freight costs and overall barriers to trade, over time and across types of Capital, favors Imports of skill-complementary Capital over other types. We calculate that reductions in barriers to trade increase inequality substantially in developing countries through the composition channel.
Lennart Schon - One of the best experts on this subject based on the ideXlab platform.
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domestic markets and international integration paths to industrialisation in the nordic countries
2013Co-Authors: Jonas Ljungberg, Lennart SchonAbstract:This article scrutinises the role of structural change and foreign trade in the Nordic countries, except Iceland, in industrialization prior to 1914. Sector contribution to GDP as well as the role of the foreign trade is compared across the countries. The comparison uncovers different paths to industrialization that cannot be explained by reference to received views, such as the shock of free trade or open economy forces. Denmark was not only richer than the rest of the 'Nordic Periphery' but also earlier in industrialization. Furthermore, agriculture had a much neglected role in Swedish catch-up, and despite its relatively large export sector, Norway lagged behind, as did Finland. Economic growth was characterised not only by rising exports but also by Capital Imports and increasing consumption, indicating wider economic and social change. Different sector structures in the Nordic countries largely explain why there was no clear pattern of catch-up or convergence, neither in the region nor in relation to the Western European leaders. We conclude that the social capability of the Nordic countries to integrate and respond to external influences 1850-1914 must be seen in the perspective of the evolving domestic markets and the prior establishment of market institutions.
