University of Gottingen

Displaying 1-35 of 35 results

  • White Papers // May 2013

    Introducing It-Enabled Business Flexibility and IT Integration in the Acquirer's M&A Performance Equation

    Though Mergers and Acquisitions (M&A) are a common strategy to reduce costs and pursue growth, the variance in returns from M&A is very high. This paper explores how Information Technology (IT) affects firms' ability to sense and seize M&A opportunities and assimilate acquisitions. Using a combination of secondary as well...

    Provided By University of Gottingen

  • White Papers // Jun 2011

    Monetary Policy Trade-Offs In A Portfolio Model With Endogenous Asset Supply

    This paper develops an open economy portfolio balance model with endogenous asset supply. Domestic producers finance capital goods through credit and bonds in accordance with debt capital costs as well as through equity assets. Private households hold a portfolio of domestic and foreign assets, shift balances depending on risk-return considerations,...

    Provided By University of Gottingen

  • White Papers // Jun 2011

    Utility Based Pricing And Hedging Of Jump Diffusion Processes With A View To Applications

    The authors discuss utility based pricing and hedging of jump diffusion processes with emphasis on the practical applicability of the framework. They point out two difficulties that seem to limit this applicability, namely drift dependence and essential risk aversion independence. They suggest solving these by a re-interpretation of the framework....

    Provided By University of Gottingen

  • White Papers // May 2011

    CEECs Integration Into Regional And Global Production Networks

    This paper examines the involvement of the CEECs into regional and global production networks over the period 1999 to 2009. The authors employ a theoretically justified gravity model which incorporates the extensive margin of trade and accounts for firm heterogeneity. They first estimate the model for highly disaggregated exports (SITC...

    Provided By University of Gottingen

  • White Papers // May 2011

    Reasons for Information Technology Adoption and Sophistication within Manufacturing SMEs

    This paper analyzes which reasons persuade Small and Medium-sized Enterprises (SMEs) to adopt Information Technology (IT), as well as which factor and how affect the level of IT sophistication in this entrepreneurial segment. Drawing on the technology-organization-environment view of the firm, the study hypothesizes that technological, organizational and environmental factors...

    Provided By University of Gottingen

  • White Papers // May 2011

    Information Technology Implementation Success within SMEs in Developing Countries: An Interactive Model

    Many researchers have produced a large body of research addressing factors that affect the success of Information Technology (IT) adoption in organizations. However, the relative importance of these factors in the context of Small and Medium-sized Enterprises (SMEs) in developing countries has not been investigated in depth. Drawing on prior...

    Provided By University of Gottingen

  • White Papers // May 2011

    The Export Promoting Effect Of Emigration: Evidence From Denmark

    The theoretical claim that ethnic networks encourage trade has found broad empirical support in the literature on migration, business networks and international trade. Ethnic networks matter for the exporting firm, as they exhibit the potential to lower fixed and variable cost of exporting. This paper provides a first attempt to...

    Provided By University of Gottingen

  • White Papers // May 2011

    Buying Votes And International Organizations

    This paper explores a basic idea in political economy: trading money for political influence. The authors' focus is at the level of international institutions, where governments may exploit their influence in one organization to gain leverage over another. In particular, they consider the lending activities of the International Monetary Fund...

    Provided By University of Gottingen

  • White Papers // Apr 2011

    Bilateral Exports From Euro Zone Countries To The US - Does Exchange Rate Variability Play A Role?

    The financial crisis and the debt crisis in Europe lead to pronounced swings of the $/?-exchange rate. The influence of this exchange rate uncertainty on exports is neither theoretically nor empirically unambiguous. Therefore, this investigation tries to find out what effect exchange rate volatility has got on exports from eleven...

    Provided By University of Gottingen

  • White Papers // Feb 2011

    Donations To US based NGOs In International Development Cooperation: How (Un-)Informed Are Private Donors?

    Apart from scaling up foreign aid by NGOs, informed choices of private donors could also encourage an efficient and targeted use of NGO funds in international development cooperation. The authors assess the determinants of private donations across a large sample of US based NGOs with foreign aid activities. OLS and...

    Provided By University of Gottingen

  • White Papers // Jan 2011

    Cross-Country Heterogeneity And The Trade-Income Relationship

    This paper makes the following contributions to the literature on the impact of trade on income. First, the authors use heterogeneous panel cointegration techniques that are robust to omitted variables and endogenous regressors to estimate the effect of trade on income for 75 developed and developing countries, both for the...

    Provided By University of Gottingen

  • White Papers // Nov 2010

    An Optimal Guard-Intervals Based Mechanism for Key Generation From Multipath Wireless Channels

    Recently, multipath in wireless channels has shown an interesting aspect. It has been found that wireless channels may provide a common reciprocal source of randomness for any two communicating nodes. This seems particularly interesting for secret key generation in wireless networks. In this paper, the authors consider the randomness property...

    Provided By University of Gottingen

  • White Papers // Nov 2010

    Foreign Aid And Recipient Countries' Exports: Does Aid Promote Bilateral Trade

    This paper uses the gravity model of trade to investigate the link between foreign aid and exports in recipient countries. Most of the theoretical work emphasizes the negative impact of aid on recipient countries' exports primarily due to exchange rate appreciation, disregarding possible positive effects of aid in promoting bilateral...

    Provided By University of Gottingen

  • White Papers // Nov 2010

    How Does Foreign Direct Investment Really Affect Developing Countries' Growth?

    This paper contributes to the literature on Foreign Direct Investment (FDI) and economic growth in two main ways. First, the authors examine the effect of FDI on economic growth for 44 developing countries over the period 1970 to 2005 using heterogeneous panel cointegration techniques that are robust to omitted variables...

    Provided By University of Gottingen

  • White Papers // Oct 2010

    Decomposing Terms Of Trade Fluctuations In Ethiopia

    This paper proposes a technique to decompose short-run fluctuations in the terms of trade. Using Ethiopia as an example, the authors decompose the commodity terms of trade into various components to measure the impact of price and volume shifts as well as export diversification. They use monthly data from the...

    Provided By University of Gottingen

  • White Papers // Sep 2010

    Challenges of Secure Routing in WSNs: A Survey

    Current advances in mobile technology enabled sensor nodes to become smaller, more powerful and more energy-efficient. In the near future it is likely that Wireless Sensor Networks (WSNs) become a major technology for sensing in different application areas. One of the main challenges in WSNs is the routing of sensed...

    Provided By University of Gottingen

  • White Papers // Sep 2010

    Deeper Integration: What Effects On Trade?

    The focus of this paper is to estimate the effect of the different types of regional trade agreements on the volume of trade between country pairs. The analysis will employ the "Empirical workhorse" of international trade; the gravity model. The authors hypothesize that the deeper agreements have a stronger effect...

    Provided By University of Gottingen

  • White Papers // Mar 2010

    The Economic Benefits Of Giving Aid In Terms Of Donors' Exports

    This paper uses the gravity model of trade to investigate the link between bilateral and multilateral foreign aid and exports. There are three primary findings from this approach. First, in the long term, the average return, in terms of an increase in the donor's level of goods exports, is approximately...

    Provided By University of Gottingen

  • White Papers // Mar 2010

    Jobs Gained And Lost Through Trade - The Case Of Germany

    The nature of international trade has changed significantly. For centuries, trade concentrated on the exchange of finished goods. It now increasingly involves bits of value that are added at different locations to combine into one final product. Therefore, trade in functions or tasks are of growing importance and exports of...

    Provided By University of Gottingen

  • White Papers // Jan 2010

    On Commitment Levels And Compliance Mechanisms - Determinants Of Participation In Global Environmental Agreements

    The authors argue that participation in international agreements is influenced by their design characteristics, notably commitment levels, measured by the specificity of obligations, and compliance mechanisms, measured by monitoring, enforcement, assistance, and dispute settlement provisions in treaties. They submit that specific obligations as well as monitoring and enforcement have a...

    Provided By University of Gottingen

  • White Papers // Jan 2010

    A Further Examination Of The Export-Led Growth Hypothesis

    This paper challenges the common view that exports generally contribute more to GDP growth than a mere change in export volume, as the export-led growth hypothesis predicts. Applying heterogeneous panel cointegration techniques to a production function model with non-export GDP as the dependent variable, the authors find for a sample...

    Provided By University of Gottingen

  • White Papers // Jan 2010

    Freight Rates And The Margins Of Intra-Latin American Maritime Trade

    This paper focuses on the analysis of the relationship between maritime trade and transport cost in Latin America. The data available are disaggregated (SITC 5 digit level) maritime trade flows on trade routes within Latin America over the period 1999-2004. The contribution to the literature is to disentangle the effects...

    Provided By University of Gottingen

  • White Papers // Nov 2009

    ISP-Enabled Behavioral Ad Targeting without Deep Packet Inspection

    Online advertising is a rapidly growing industry currently dominated by the search engine 'Giant' Google. In an attempt to tap into this huge market, Internet Service Providers (ISPs) started deploying deep packet inspection techniques to track and collect user browsing behavior. However, such techniques violate wiretap laws that explicitly prevent...

    Provided By University of Gottingen

  • White Papers // Aug 2009

    Trade As Aid: The Role Of The EBA-Trade Preferences Regime In The Development Strategy

    This paper focuses primarily on trade preferences offered by the European Union (EU) and in particular on the Everything But Arms (EBA) trade preferences regime, which is targeted exclusively on Least Developed Countries (LDCs). Using the gravity model, an estimation of the influence of the EBA preferences on exports from...

    Provided By University of Gottingen

  • White Papers // Jul 2009

    Regional Growth Convergence In Colombia Using Social Indicators

    This paper investigates convergence in social indicators among Colombian departments from 1973 to 2005. The authors use census data and apply both the regression approach and the distributional approach (univariate and bivariate kernel density estimators). Using literacy rate as a proxy for education, they find convergence between 1973 and 2005,...

    Provided By University of Gottingen

  • White Papers // Jul 2009

    Revisiting The Regional Growth Convergence Debate In Colombia Using Income Indicators

    This paper investigates growth convergence across Colombian departments during the period of 1975 to 2000, following both the regression and the distributional approaches suggested in the literature, and using two income measures computed by Centro de Estudios Ganaderos (CEGA). The authors also discuss issues related to data provided by Departamento...

    Provided By University of Gottingen

  • White Papers // Jul 2009

    In Search For A Long-Run Relationship Between Aid And Growth: Pitfalls And Findings

    In this paper, the authors investigate the relationship between per capita income and foreign aid for a panel of 131 (alternatively 52) recipient countries over the period 1960 to 2006 by employing annual data and 5-year averages. Reliance on standard panel estimation techniques, such as 2-ways FE estimation, panel GMM...

    Provided By University of Gottingen

  • White Papers // Jun 2009

    Pro-Poor Growth Using Non-Income Indicators: An Empirical Illustration For Colombia

    In this paper, the authors analyze how the distribution of selected non-income welfare indicators changed between 1997 and 2003 in Colombia. They use multidimensional pro-poor growth measurement techniques and create indices for assets, health, education, and subjective welfare using two alternative weighing techniques: polychoric principal components and normatively selected weights....

    Provided By University of Gottingen

  • White Papers // Jun 2009

    The Impact Of Fixed Exchange Rates On Fiscal Discipline

    In this paper, it is shown that, contrary to standard arguments, fiscal discipline is not substantially enhanced by a fixed exchange rate regime. This paper is based on data from 116 countries collected from 1975 to 2004 and uses various estimation techniques for dynamic panel data, in particular a GMM...

    Provided By University of Gottingen

  • White Papers // Apr 2009

    Does Inequality Harm Income Mobility And Growth? An Assessment Of The Growth Impact Of Income And Education Inequality In Paraguay 1992-2002

    Latin America is the most unequal region of the world in terms of income or expenditure, as well as regarding other aspects of economic or social exclusion. The region suffered the lost decade of the nineteen eighties, and experienced a modest recovery in the nineteen nineties. In the nineteen nineties,...

    Provided By University of Gottingen

  • White Papers // Sep 2008

    Determinants Of The Growth Semi-Elasticity Of Poverty Reduction

    In this paper, the authors examine the mathematical relationship between growth and distributional change on absolute (i.e. percentage point) changes in FGT poverty measures assuming a log-normal income distribution, which they argue to be a conceptually superior and more policy-relevant measure than the much used 'Regular' growth elasticity of poverty...

    Provided By University of Gottingen

  • White Papers // Aug 2008

    The Impact Of Gender Inequality In Education And Employment On Economic Growth In Developing Countries: Updates And Extensions

    Using cross-country and panel regressions, the authors investigate to what extent gender gaps in education and employment (proxies using gender gaps in labor force participation) reduce economic growth. Using most recent data and investigating a long time period (1960-2000), they update the results of previous studies on education gaps on...

    Provided By University of Gottingen

  • White Papers // Jul 2008

    Towards the Use of XPDL as Planning and Scheduling Modeling Tool: The Workflow Patterns Approach

    The integration of Planning and Scheduling (P&S) and Business Process Management (BPM) is a significant challenge for enterprise environments. This paper presents a transformation from a Business Process Model diagram stored in XPDL format, into a hierarchical extension of the PDDL planning language, using the concept of workflow patterns as...

    Provided By University of Gottingen

  • White Papers // Jul 2008

    Food Price Inflation And Schooling

    In the middle of the nineties the rural population in Burkina Faso was seriously hit by rising food prices. Whereas cotton farmers were able to cope with this shock given the simultaneous boom in the cotton sector, food crop farmers had to withdraw children from school and to let them...

    Provided By University of Gottingen

  • White Papers // May 2008

    Determinants Of Maritime Transport Costs. A Panel Data Analysis For Latin American Trade

    This paper analyses the determinants of transport costs for intra-Latin American trade over a period of six years (1999-2004). The data refer to yearly disaggregated (SITC 5 digit level) maritime trade flows on 277 trade routes. With this data set, a transport costs equation is estimated using linear regression analysis...

    Provided By University of Gottingen

  • White Papers // Nov 2009

    ISP-Enabled Behavioral Ad Targeting without Deep Packet Inspection

    Online advertising is a rapidly growing industry currently dominated by the search engine 'Giant' Google. In an attempt to tap into this huge market, Internet Service Providers (ISPs) started deploying deep packet inspection techniques to track and collect user browsing behavior. However, such techniques violate wiretap laws that explicitly prevent...

    Provided By University of Gottingen

  • White Papers // May 2011

    Reasons for Information Technology Adoption and Sophistication within Manufacturing SMEs

    This paper analyzes which reasons persuade Small and Medium-sized Enterprises (SMEs) to adopt Information Technology (IT), as well as which factor and how affect the level of IT sophistication in this entrepreneurial segment. Drawing on the technology-organization-environment view of the firm, the study hypothesizes that technological, organizational and environmental factors...

    Provided By University of Gottingen

  • White Papers // May 2011

    Information Technology Implementation Success within SMEs in Developing Countries: An Interactive Model

    Many researchers have produced a large body of research addressing factors that affect the success of Information Technology (IT) adoption in organizations. However, the relative importance of these factors in the context of Small and Medium-sized Enterprises (SMEs) in developing countries has not been investigated in depth. Drawing on prior...

    Provided By University of Gottingen

  • White Papers // May 2013

    Introducing It-Enabled Business Flexibility and IT Integration in the Acquirer's M&A Performance Equation

    Though Mergers and Acquisitions (M&A) are a common strategy to reduce costs and pursue growth, the variance in returns from M&A is very high. This paper explores how Information Technology (IT) affects firms' ability to sense and seize M&A opportunities and assimilate acquisitions. Using a combination of secondary as well...

    Provided By University of Gottingen

  • White Papers // Jul 2008

    Towards the Use of XPDL as Planning and Scheduling Modeling Tool: The Workflow Patterns Approach

    The integration of Planning and Scheduling (P&S) and Business Process Management (BPM) is a significant challenge for enterprise environments. This paper presents a transformation from a Business Process Model diagram stored in XPDL format, into a hierarchical extension of the PDDL planning language, using the concept of workflow patterns as...

    Provided By University of Gottingen

  • White Papers // Jul 2008

    Food Price Inflation And Schooling

    In the middle of the nineties the rural population in Burkina Faso was seriously hit by rising food prices. Whereas cotton farmers were able to cope with this shock given the simultaneous boom in the cotton sector, food crop farmers had to withdraw children from school and to let them...

    Provided By University of Gottingen

  • White Papers // Mar 2010

    The Economic Benefits Of Giving Aid In Terms Of Donors' Exports

    This paper uses the gravity model of trade to investigate the link between bilateral and multilateral foreign aid and exports. There are three primary findings from this approach. First, in the long term, the average return, in terms of an increase in the donor's level of goods exports, is approximately...

    Provided By University of Gottingen

  • White Papers // Nov 2010

    Foreign Aid And Recipient Countries' Exports: Does Aid Promote Bilateral Trade

    This paper uses the gravity model of trade to investigate the link between foreign aid and exports in recipient countries. Most of the theoretical work emphasizes the negative impact of aid on recipient countries' exports primarily due to exchange rate appreciation, disregarding possible positive effects of aid in promoting bilateral...

    Provided By University of Gottingen

  • White Papers // Aug 2008

    The Impact Of Gender Inequality In Education And Employment On Economic Growth In Developing Countries: Updates And Extensions

    Using cross-country and panel regressions, the authors investigate to what extent gender gaps in education and employment (proxies using gender gaps in labor force participation) reduce economic growth. Using most recent data and investigating a long time period (1960-2000), they update the results of previous studies on education gaps on...

    Provided By University of Gottingen

  • White Papers // Jun 2011

    Utility Based Pricing And Hedging Of Jump Diffusion Processes With A View To Applications

    The authors discuss utility based pricing and hedging of jump diffusion processes with emphasis on the practical applicability of the framework. They point out two difficulties that seem to limit this applicability, namely drift dependence and essential risk aversion independence. They suggest solving these by a re-interpretation of the framework....

    Provided By University of Gottingen

  • White Papers // May 2008

    Determinants Of Maritime Transport Costs. A Panel Data Analysis For Latin American Trade

    This paper analyses the determinants of transport costs for intra-Latin American trade over a period of six years (1999-2004). The data refer to yearly disaggregated (SITC 5 digit level) maritime trade flows on 277 trade routes. With this data set, a transport costs equation is estimated using linear regression analysis...

    Provided By University of Gottingen

  • White Papers // Sep 2008

    Determinants Of The Growth Semi-Elasticity Of Poverty Reduction

    In this paper, the authors examine the mathematical relationship between growth and distributional change on absolute (i.e. percentage point) changes in FGT poverty measures assuming a log-normal income distribution, which they argue to be a conceptually superior and more policy-relevant measure than the much used 'Regular' growth elasticity of poverty...

    Provided By University of Gottingen

  • White Papers // Apr 2009

    Does Inequality Harm Income Mobility And Growth? An Assessment Of The Growth Impact Of Income And Education Inequality In Paraguay 1992-2002

    Latin America is the most unequal region of the world in terms of income or expenditure, as well as regarding other aspects of economic or social exclusion. The region suffered the lost decade of the nineteen eighties, and experienced a modest recovery in the nineteen nineties. In the nineteen nineties,...

    Provided By University of Gottingen

  • White Papers // Jun 2009

    Pro-Poor Growth Using Non-Income Indicators: An Empirical Illustration For Colombia

    In this paper, the authors analyze how the distribution of selected non-income welfare indicators changed between 1997 and 2003 in Colombia. They use multidimensional pro-poor growth measurement techniques and create indices for assets, health, education, and subjective welfare using two alternative weighing techniques: polychoric principal components and normatively selected weights....

    Provided By University of Gottingen

  • White Papers // Jul 2009

    Revisiting The Regional Growth Convergence Debate In Colombia Using Income Indicators

    This paper investigates growth convergence across Colombian departments during the period of 1975 to 2000, following both the regression and the distributional approaches suggested in the literature, and using two income measures computed by Centro de Estudios Ganaderos (CEGA). The authors also discuss issues related to data provided by Departamento...

    Provided By University of Gottingen

  • White Papers // Jul 2009

    Regional Growth Convergence In Colombia Using Social Indicators

    This paper investigates convergence in social indicators among Colombian departments from 1973 to 2005. The authors use census data and apply both the regression approach and the distributional approach (univariate and bivariate kernel density estimators). Using literacy rate as a proxy for education, they find convergence between 1973 and 2005,...

    Provided By University of Gottingen

  • White Papers // Jul 2009

    In Search For A Long-Run Relationship Between Aid And Growth: Pitfalls And Findings

    In this paper, the authors investigate the relationship between per capita income and foreign aid for a panel of 131 (alternatively 52) recipient countries over the period 1960 to 2006 by employing annual data and 5-year averages. Reliance on standard panel estimation techniques, such as 2-ways FE estimation, panel GMM...

    Provided By University of Gottingen

  • White Papers // Aug 2009

    Trade As Aid: The Role Of The EBA-Trade Preferences Regime In The Development Strategy

    This paper focuses primarily on trade preferences offered by the European Union (EU) and in particular on the Everything But Arms (EBA) trade preferences regime, which is targeted exclusively on Least Developed Countries (LDCs). Using the gravity model, an estimation of the influence of the EBA preferences on exports from...

    Provided By University of Gottingen

  • White Papers // Apr 2011

    Bilateral Exports From Euro Zone Countries To The US - Does Exchange Rate Variability Play A Role?

    The financial crisis and the debt crisis in Europe lead to pronounced swings of the $/?-exchange rate. The influence of this exchange rate uncertainty on exports is neither theoretically nor empirically unambiguous. Therefore, this investigation tries to find out what effect exchange rate volatility has got on exports from eleven...

    Provided By University of Gottingen

  • White Papers // Feb 2011

    Donations To US based NGOs In International Development Cooperation: How (Un-)Informed Are Private Donors?

    Apart from scaling up foreign aid by NGOs, informed choices of private donors could also encourage an efficient and targeted use of NGO funds in international development cooperation. The authors assess the determinants of private donations across a large sample of US based NGOs with foreign aid activities. OLS and...

    Provided By University of Gottingen

  • White Papers // Mar 2010

    Jobs Gained And Lost Through Trade - The Case Of Germany

    The nature of international trade has changed significantly. For centuries, trade concentrated on the exchange of finished goods. It now increasingly involves bits of value that are added at different locations to combine into one final product. Therefore, trade in functions or tasks are of growing importance and exports of...

    Provided By University of Gottingen

  • White Papers // Jan 2010

    On Commitment Levels And Compliance Mechanisms - Determinants Of Participation In Global Environmental Agreements

    The authors argue that participation in international agreements is influenced by their design characteristics, notably commitment levels, measured by the specificity of obligations, and compliance mechanisms, measured by monitoring, enforcement, assistance, and dispute settlement provisions in treaties. They submit that specific obligations as well as monitoring and enforcement have a...

    Provided By University of Gottingen

  • White Papers // Jun 2009

    The Impact Of Fixed Exchange Rates On Fiscal Discipline

    In this paper, it is shown that, contrary to standard arguments, fiscal discipline is not substantially enhanced by a fixed exchange rate regime. This paper is based on data from 116 countries collected from 1975 to 2004 and uses various estimation techniques for dynamic panel data, in particular a GMM...

    Provided By University of Gottingen

  • White Papers // Nov 2010

    An Optimal Guard-Intervals Based Mechanism for Key Generation From Multipath Wireless Channels

    Recently, multipath in wireless channels has shown an interesting aspect. It has been found that wireless channels may provide a common reciprocal source of randomness for any two communicating nodes. This seems particularly interesting for secret key generation in wireless networks. In this paper, the authors consider the randomness property...

    Provided By University of Gottingen

  • White Papers // Sep 2010

    Challenges of Secure Routing in WSNs: A Survey

    Current advances in mobile technology enabled sensor nodes to become smaller, more powerful and more energy-efficient. In the near future it is likely that Wireless Sensor Networks (WSNs) become a major technology for sensing in different application areas. One of the main challenges in WSNs is the routing of sensed...

    Provided By University of Gottingen

  • White Papers // Jan 2010

    A Further Examination Of The Export-Led Growth Hypothesis

    This paper challenges the common view that exports generally contribute more to GDP growth than a mere change in export volume, as the export-led growth hypothesis predicts. Applying heterogeneous panel cointegration techniques to a production function model with non-export GDP as the dependent variable, the authors find for a sample...

    Provided By University of Gottingen

  • White Papers // Jan 2010

    Freight Rates And The Margins Of Intra-Latin American Maritime Trade

    This paper focuses on the analysis of the relationship between maritime trade and transport cost in Latin America. The data available are disaggregated (SITC 5 digit level) maritime trade flows on trade routes within Latin America over the period 1999-2004. The contribution to the literature is to disentangle the effects...

    Provided By University of Gottingen

  • White Papers // Sep 2010

    Deeper Integration: What Effects On Trade?

    The focus of this paper is to estimate the effect of the different types of regional trade agreements on the volume of trade between country pairs. The analysis will employ the "Empirical workhorse" of international trade; the gravity model. The authors hypothesize that the deeper agreements have a stronger effect...

    Provided By University of Gottingen

  • White Papers // Oct 2010

    Decomposing Terms Of Trade Fluctuations In Ethiopia

    This paper proposes a technique to decompose short-run fluctuations in the terms of trade. Using Ethiopia as an example, the authors decompose the commodity terms of trade into various components to measure the impact of price and volume shifts as well as export diversification. They use monthly data from the...

    Provided By University of Gottingen

  • White Papers // Nov 2010

    How Does Foreign Direct Investment Really Affect Developing Countries' Growth?

    This paper contributes to the literature on Foreign Direct Investment (FDI) and economic growth in two main ways. First, the authors examine the effect of FDI on economic growth for 44 developing countries over the period 1970 to 2005 using heterogeneous panel cointegration techniques that are robust to omitted variables...

    Provided By University of Gottingen

  • White Papers // Jan 2011

    Cross-Country Heterogeneity And The Trade-Income Relationship

    This paper makes the following contributions to the literature on the impact of trade on income. First, the authors use heterogeneous panel cointegration techniques that are robust to omitted variables and endogenous regressors to estimate the effect of trade on income for 75 developed and developing countries, both for the...

    Provided By University of Gottingen

  • White Papers // Jun 2011

    Monetary Policy Trade-Offs In A Portfolio Model With Endogenous Asset Supply

    This paper develops an open economy portfolio balance model with endogenous asset supply. Domestic producers finance capital goods through credit and bonds in accordance with debt capital costs as well as through equity assets. Private households hold a portfolio of domestic and foreign assets, shift balances depending on risk-return considerations,...

    Provided By University of Gottingen

  • White Papers // May 2011

    The Export Promoting Effect Of Emigration: Evidence From Denmark

    The theoretical claim that ethnic networks encourage trade has found broad empirical support in the literature on migration, business networks and international trade. Ethnic networks matter for the exporting firm, as they exhibit the potential to lower fixed and variable cost of exporting. This paper provides a first attempt to...

    Provided By University of Gottingen

  • White Papers // May 2011

    CEECs Integration Into Regional And Global Production Networks

    This paper examines the involvement of the CEECs into regional and global production networks over the period 1999 to 2009. The authors employ a theoretically justified gravity model which incorporates the extensive margin of trade and accounts for firm heterogeneity. They first estimate the model for highly disaggregated exports (SITC...

    Provided By University of Gottingen

  • White Papers // May 2011

    Buying Votes And International Organizations

    This paper explores a basic idea in political economy: trading money for political influence. The authors' focus is at the level of international institutions, where governments may exploit their influence in one organization to gain leverage over another. In particular, they consider the lending activities of the International Monetary Fund...

    Provided By University of Gottingen