Now showing items 11-20 of 241
Foreign Direct Investment and Domestic Economic Activity
(n/a, 2005)
How does rising foreign investment influence domestic economic activity? Firms whose foreign operations grow rapidly exhibit coincident rapid growth of domestic operations, but this pattern alone is inconclusive, as foreign ...
What happens when firms patent? New evidence from US economic census data
(2008-01)
In this study, we present novel statistics on the patenting in US manufacturing and new evidence on the question of what happens when firms patent. We do so by creating a comprehensive firm-patent matched dataset that ...
Foreign Direct Investment and the Domestic Capital Stock
(2005)
This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment ...
Employment, not Microcredit, is the Solution
(2007-01)
Most studies suggest that microcredit is beneficial but only to a limited extent. The problem lies not with microcredit but rather with microenterprises. With low skills, little capital and no scale economies, these ...
Investor Recognition and Stock Returns
(n/a, 2005)
We analyze the relation between investor recognition and stock returns. Consistent with Merton’s (1987) theoretical analysis, we show that (i) contemporaneous stock returns are positively related to changes in investor ...
My Beautiful Tax Reform
(2005)
Many experts equate the best tax system with the simplest, and the best tax reform with the one that most simplifies the system. However, the simplest, most elegant policy need not be the best because tax policy involves ...