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- The Role Of FDI And Trade Integration In The Catching-Up Process
- Traditional trade theory analyses FDI Foreign Direct Investment as capital imports. Yet the modern theory of industrial organization assumes that firms which have the resources to operate internationally possess certain assets (technology, managerial skills, and access to credit) that give them technical and organizational advantages over domestic firms. Therefore foreign...
- White papers 2004-10-07
- Between-Firm Redistribution Of Profit In Competitive Industries: Why Labor Market Policies May Not Work
- Empirical studies document differences in firms' response to the introduction of various labor market policies. In particular, large and mature firms tend to participate more actively in the targeted employment subsidy programs under which firms receive subsidies for hiring disadvantaged workers. This paper offers an explanation for this phenomenon and...
- White papers 2004-06-30
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