Exporting Financial Institutions Management via Foreign Direct Investment Mergers and Acquisitions
Allen N. Berger, Claudia M. Buch, G. DeLong
Journal of International Money and Finance,
No. 3,
2004
Abstract
We test the relevance of the new trade theory and the traditional theory of comparative advantage for explaining the geographic patterns of international M&As of financial institutions between 1985 and 2000. The data provide statistically significant support for both theories. We also find evidence that the U.S. has idiosyncratic comparative advantages at both exporting and importing financial institutions management.
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EU Accession Countries’ Specialisation Patterns in Foreign Trade and Domestic Production - What can we infer for catch-up prospects?
Johannes Stephan
IWH Discussion Papers,
No. 184,
2003
Abstract
This paper supplements prior analysis on ‘patterns and prospects’ (Stephan, 2003) in which prospects for the speed of future productivity growth were assessed by looking at the specialisation patterns in domestic production. This analysis adds the foreign trade sphere to the results generated in the prior analysis. The refined results are broadly in line with the results from the original analysis, indicating the robustness of our methods applied in either analysis. The most prominent results pertain to Slovenia and the Slovak Republic. Those two countries appear to be best suited for swift productivity catch-up from the viewpoint of sectoral specialisation. Poland and Estonia exhibit the lowest potentials. Only for the case of Poland would results suggest bleak prospects.
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The use of unit values in estimating trade-related capital flight -The case of CEE countries with special focus on Russia
Hubert Gabrisch, Karin Szalai
IWH Discussion Papers,
No. 161,
2002
Abstract
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Foreign trade in macroeconomic models
Uwe Eiteljörge
IWH Discussion Papers,
No. 115,
2000
Abstract
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Environmental protection and competitiveness; New foreign trade and location theoretical approaches and empirical evidence
Jens Horbach, Thomas Meißner, Jacqueline Rothfels
Schriften des IWH,
No. 2,
1998
Abstract
Die Autoren des vorliegenden Forschungsberichtes haben sich unter der Leitung von Prof. Dr. Jens Harbach (Fachhochschule Anhalt) mit der Frage beschäftigt, ob Umweltchutzmaßnalnnen die Wettbewerbsfähigkeit einer Volkswirtschaft beeinträchtigen. Der Bericht will anhand neuerer theoretischer und empirischer Erkenntnisse die Rolle der Umweltpolitik bei Standortproblemen beleuchten. Ausgangspunkt für eine mögliche ungünstige Rolle des Umweltschutzes ist dabei die These, daß eine strenge Umweltpolitik in einem Land dort die Produktionskosten erhöht. Dadurch werden vor allem die inländischen Unternehmen benachteiligt, die hohe Umweltschutzinvestitionen tätigen müssen. Auf der Basis dieser Argumentation sagt die klassische Außenhandelstheorie Wettbewerbsnachteile durch Umweltschutz voraus.
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Determinants of OECD foreign trade growth at the beginning of the 1990s; an international industry analysis
Klaus Holst
Forschungsreihe,
No. 7,
1998
Abstract
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