| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP5309
|
| DP5309 Blinder-Oaxaca Decomposition for Tobit Models |
| Thomas Bauer; Mathias Sinning
|
| 发表日期 | 2005-10-23
|
| 出版年 | 2005
|
| 语种 | 英语
|
| 摘要 | This paper presents evidence on the effect of countries proximity in regulation on bilateral FDI flows. By exploiting the OECD International
Direct Investment Statistics and data on nationwide regulation levels, we find a significant negative effect of the absolute value of the difference between countries indexes of regulation on the associated bilateral flows of FDIs, controlling for each country regulation level. Motivated by this evidence, we build a model where agents are heterogeneous and differ in their abilities to be entrepreneurs or workers. Entrepreneurs may engage in FDIs, which entails incurring additional fixed costs, one of which is the cost of learning the foreign regulation. In this framework, more similar regulations foster FDI, raise wages, output and productivity. The increase in productivity is the consequence of very efficient foreign entrepreneurs driving out of the market inefficient local firms, improving the allocation of talent in the economy as a whole. |
| 主题 | International Macroeconomics
; International Trade and Regional Economics
; Public Economics
|
| 关键词 | Multinational firms
Heterogeneous agents
Policy harmonization
|
| URL | https://cepr.org/publications/dp5309
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534181
|
推荐引用方式
GB/T 7714 |
Thomas Bauer,Mathias Sinning. DP5309 Blinder-Oaxaca Decomposition for Tobit Models. 2005.
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
