Arbeitspapier
Trade and Investment in the Global Economy
We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology capital. The model nests structural gravity subsystems for FDI and trade, with accumulation/decumulation of phyisical and technology capital in transition to the steady state. The empirical importance of the FDI channel is demonstrated comparing actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount to 9% of world’s welfare and to 11% of world’s trade, unevenly distributed among winners and losers. Net exports of FDI substitute for export trade in the results.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 6625
- Klassifikation
-
Wirtschaft
Trade: General
Economic Growth of Open Economies
Economic Growth and Aggregate Productivity: General
- Thema
-
foreign direct investment
trade
trade liberalization
capital accumulation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Anderson, James E.
Larch, Mario
Yotov, Yoto V.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Anderson, James E.
- Larch, Mario
- Yotov, Yoto V.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2017
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