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Thu Oct 16 17:49:59 2014 UTClccn-n820026040.50Topics in empirical international economics a festschrift in honor of Robert E. Lipsey /0.620.96Inside the global economy110632258n 82002604699949Blomsrtöm, Magnus 1952-Blomström, M. 1952-Blomström, MagnusBlomstrom, Magnus 1952-lccn-n79139286National Bureau of Economic Researchlccn-n50051349Lipsey, Robert E.hnrlccn-n86016283Goldberg, Linda S.edtlccn-n88293369Graham, Edward M.(Edward Montgomery)1944-2007edtlccn-n84172167Moran, Theodore H.1943-edtlccn-n82100867La Croix, Sumner J.1954-lccn-no92026900Kokko, Arilccn-n80028038Hettne, Björn1939-edtlccn-n89662962Zejan, Marioothlccn-n92072594Gangnes, ByronBlomström, Magnus1952-Conference proceedingsEconomic historyJapanInternational economic relationsEconomic policyInvestments, ForeignDeveloping countriesInternational tradeEconomic developmentInternational business enterprisesInvestments, Foreign--EvaluationDependencyEconomic forecastingInstitutional economicsInternational financeTechnology transferCommerceAfrica, Sub-SaharanIndustrial efficiencyLatin AmericaScandinaviaManufacturing industriesExportsIndustrial policySwedenInvestments, Foreign--Econometric modelsForeign exchange ratesTrade blocs--Econometric modelsHost countries (Business)Business enterprises, Foreign--TaxationBusiness enterprises, ForeignCompetition, InternationalCorporations, SwedishGross domestic productStructural adjustment (Economic policy)MexicoLabor productivity--Econometric modelsTechnology transfer--Econometric modelsJoint ventures--Econometric modelsInternational business enterprises--Econometric modelsJoint venturesEconomic development--Econometric modelsManufactures--Econometric modelsProduction (Economic theory)Labor productivityCapital investments--Econometric modelsLabor economicsSnape, Richard HTorres, GerverBusinessSocial change1952198119831984198519861987198819891990199119921993199419951996199719981999200020012002200320052006201220148126100290330.952HC462.95ocn493732808ocn490277204ocn444135297ocn441635206ocn760529289ocn803620538ocn468582736ocn185361374ocn186021691ocn186511106ocn186454423ocn185827171ocn18646668814097ocn646795949file20010.50Blomstrom, MagnusTopics in empirical international economics a festschrift in honor of Robert E. LipseyConference proceedingsThe next section features articles on international trade, including such significant issues as deterring child labour exploitation in developing countries, exchange rate regimes, and mapping US comparative advantage across various factors. The book concludes with research on multinational corporations and includes a discussion of the long-debated issue of whether growth of production abroad substitutes for or is complementary to production growth at home. The papers in the volume are dedicated to Robert E. Lipsey, who, for more than a half century at the NBER contributed significantly to the broad field of empirical international economics+-+283515177513676ocn251539446file20030.50Blomstrom, MagnusStructural impediments to growth in JapanAs Japan's decade-long economic stagnation continues, there has been much analysis of the immediate macroeconomic problems that confront the Japanese economy. This book looks past the short-run challenges to the future of Japan and highlights the intermediate and longer-term issues that country faces. In this, the first book-length academic treatment of this important issue, a team of notable contributors present nine papers, offering a comprehensive assessment of those economic difficulties and addressing a range of specific issues, from financial restructuring and the impact of the aging Jap+-+267515177511606ocn654694544file20050.50Moran, Theodore HDoes foreign direct investment promote development?This volume gathers the cutting edge of new research on foreign direct investment and host country economic performance, and presents the most sophisticated critiques of current and past inquiries. It presents new results, concludes with an analysis of the implications for contemporary policy debates, and proposed new avenues for future research+-+56387863354359ocn012665627book19840.70Blomström, MagnusDevelopment theory in transition : the dependency debate and beyond : Third World responses4006ocn044979724book20010.77Japan's new economy : continuity and change in the twenty-first centuryJapan's economy stumbled in the 1990s. After four decades of rapid growth that transformed Japan into a wealthy country at the world's technological frontier, the last decade brought prolonged economic stagnation. The rapid run-up in asset prices in the late 1980s, followed by their collapse in the early 1990s, left a debt overhang that paralyzed the banking sector. Policy reforms were initially half-hearted, and businesses were slow to restructure as the global economy changed. The lagging economy has seemed impervious to aggressive fiscal stimulus measures and is still plagued by ongoing price deflation. Japan's struggle has called into question the ability of the country's economic institutions - originally designed to support factor accumulation and rapid development - to adapt to the new economic environment of the 21st century+-+97269744653745ocn071272139file20060.63Blomström, MagnusInstitutional change in JapanIt addresses the origin, development, and recent adaptation of core institutions, including financial institutions, corporate governance, lifetime employment, the amakudari system and marriage and family+-+90653806952835ocn027105525book19930.79Economic crisis in Africa : perspectives on policy responsesConference proceedingsWhile the pitiful images of famine victims generally come from the very poorest countries in sub-Saharan Africa, the entire region faces an intense economic crisis. This book looks at why this is so, and what can be done about it+-+94714506953242286ocn024380844book19890.79Blomström, MagnusForeign investment and spilloversThe spillover effect of multinational companies has, historically, been subject to much debate. The assumption that the host country can be expected to enjoy spillovers - improvements in the balance of payments, in the influx of foreign currency and in other sectors of the economy not directly affected by the multinational - has not necessarily been corroborated in practice. First published in 1989, this book addresses this debate, and the very different conclusions that can be drawn about spillovers. Reporting on significant research on Latin America and drawing comparisons with findings e2174ocn042726298book20000.77Blomström, MagnusForeign direct investment : firm and host country strategiesThis book summarizes more than a decade of research aiming to understand this interplay." "The analyses of MNC behaviour and the effects of FDI presented in this book are of interest to students of international business, economics and development, as well as to policy-makers in countries hosting foreign MNCs."--BOOK JACKET+-+06968776852124ocn023888638book19910.86BlomstrÖm, MagnusDiverging paths : comparing a century of Scandinavian and Latin American economic development2112ocn022633559book19900.88Blomström, MagnusTransnational corporations and manufacturing exports from developing countries855ocn040709422book19980.82Blomström, MagnusTechnology transfer and spillovers : does local participation with multinationals matter?Abstract: This paper examines the effects on technology transfer and spillovers deriving from ownership sharing of foreign multinational affiliates. More specifically, we try to answer two questions, using unpublished Indonesian micro data. Firstly, do establishments with minority and majority ownership differ in terms of productivity levels? Secondly, does the degree of spillover differ with the degree of ownership in the FDI? Our results show that foreign establishments have comparable high levels of labor productivity and that domestic establishments benefit from spillovers. However, the degree of foreign ownership does neither affect the level of labor productivity in foreign establishments, nor the degree of spillovers845ocn036944001book19970.86Blomström, MagnusRegional integration and foreign direct investmentAbstract: This paper deals with the investment effects of regional integration agreements and discusses how such arrangements may affect inward and outward foreign direct investment flows in the integrating region. After setting up a conceptual framework for the analysis, we provide three studies focusing on different kinds of regional integration: North-North integration (Canada joining CUSFTA), North-South integration (Mexico's accession to NAFTA), and South-South integration (MERCOSUR). The main conclusion of the study is that the responses to an integration agreement largely depend on the environmental change brought about by the agreement and the locational advantages of the participating countries and industries. Moreover, the findings suggest that the most positive impact on FDI has occurred when regional integration agreements have coincided with domestic liberalization and macroeconomic stabilization in the member countries808ocn028923017book19930.86Blomström, MagnusGrowth in a dual economyAbstract: Growth and structural transformation of the manufacturing sector in developing countries are generally considered to be the result of the expansion of the "modem" (large-scale) sector relative to the "traditional" (small-scale) sector. Examining the sources of labor productivity growth in Mexican manufacturing, however, does not provide support for such a conclusion. Although we find that labor productivity levels vary almost in direct relation to establishment size, labor productivity growth shows no systematic variation by size class. In fact, small establishments have had the same rate of labor productivity growth as larger ones, partly because of the "excise-effect" (i.e. the exiting of low-productivity, small plants). Moreover, most of the variation in labor productivity across plant class sizes is found to be due to differences in capital intensity. The variation in TFP levels across size classes tends to be small. Thus, our results remove some justification of the policy measures that favor large firms in developing countries795ocn051786927book20030.90Blomström, MagnusThe economics of foreign direct investment incentivesAbstract: This paper suggests that the use of investment incentives focusing exclusively on foreign firms, although motivated in some cases from a theoretical point of view, is generally not an efficient way to raise national welfare. The main reason is that the strongest theoretical motive for financial subsidies to inward FDI spillovers of foreign technology and skills to local industry is not an automatic consequence of foreign investment. The potential spillover benefits are realized only if local firms have the ability and motivation to invest in absorbing foreign technologies and skills. To motivate subsidization of foreign investment, it is therefore necessary, at the same time, to support learning and investment in local firms as well777ocn030342985book19940.84Blomström, MagnusHome country effects of foreign direct investment : evidence from SwedenThis paper examines two broad issues related to foreign investment by Swedish multinationals: first the effects of outward foreign direct investment on domestic investment, exports, and employment, and second, the effects on the domestic economy from the increasing division of labor between the parents and foreign affiliates of Swedish MNCs. The paper summarizes and synthesizes the existing empirical evidence on these matters (much of which has hitherto only been available in Swedish) and discusses some possible long run effects that have not received much attention in the literature768ocn029163572book19930.86Blomström, MagnusIs fixed investment the key to economic growth?This paper examines shares of fixed capital formation in GOP and rates of economic growth for more than 100 countries over successive 5-year periods between 1965 and 1985 to determine the direction of causality between them. Simple regressions and multiple regressions including several standard determinants of growth, as well as a simple causality test, provide more evidence that increases in growth precede rises in rates of capital formation than that increases in capital formation precede increases in growth. High rates of fixed capital formation accompany rapid growth in per capita income, but we find no evidence that fixed investment is the only or main source of ignition for economic growth714ocn034073555book19950.93Lipsey, Robert EInternationalized production in world outputInternationalized production, that is, production by multinational firms outside their home countries has increased over the last two decades, but it was still, in 1990, only about 7 percent of world output. The share was higher, at 15 percent in 'industry, ' including manufacturing, trade, construction, and public utilities, but it was negligible in 'services, ' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars, international organizations, and the press, these numbers are a reminder of how large a proportion of economic activity is confined to single geographical locations and home country ownership. Internationalization of production is clearly growing in importance, but the vast majority of production is still carried out by national producers within their own borders692ocn027432341book19900.74Dunning, John HGlobalization of firms and the competitiveness of nations693ocn044106643book20000.93Blomström, MagnusFDI in the restructuring of the Japanese economyAbstract: This paper examines how inward and outward foreign direct investment (FDI) have influenced the restructuring of the Japanese economy and can be expected to continue to do so in the future. We find that outward investment has helped Japanese firms to sustain foreign market shares and contributed to the restructuring of the Japanese economy away from older industries. By shifting from exporting to affiliate production, there has been a geographical reallocation of the activities of Japanese firms, particularly those of multinational manufacturing firms. However, Japanese outward FDI is still not very large relative to the Japanese economy, despite the rapid growth since the mid-1980s, and there is still scope for significant increase when compared with the levels of most other OECD countries. Inward FDI will presumably have an even stronger impact on the restructuring of the Japanese economy. Although the stock of inward foreign direct investment is still very small, there are important changes under way. Deregulation has opened up much of the industrial and service sectors to foreign multinationals31ocn225069449visu19940.96Inside the global economyExplores the basic principles of international economics. Discusses impediments to trade, the forces behind protectionism, and trends towards international economic integration and interdependence. The first case study looks at French agricultural subsidies and conflict in the Uruguay Round. Xavier Beulin, Stuart Eizenstat, Steve Yoder, Frans Andriessen are interviewed. The second case study looks at voluntary export restraints on Japanese cars into the U.S. John Dingell, Robert Crandall, William Brock, Steven Beckman, Mark Silbergeld are interviewed11ocn065959037visu19940.53Inside the global economyExplores the basic principles of international economics, and examines the need to maximize comparative advantage in the evolution of the global economy by minimizing government's protectionist role, liberalizing trade, opening frontiers and letting the market find the most efficient use of resources. Topics include multinational corporations, floating versus fixed exchange rates, international policy coordination, the situation of developing countries and of the former East Bloc Communist countries, and environmental issues from an economic viewpoint+-+2675151775+-+2675151775Thu Oct 16 15:36:21 EDT 2014batch26653