Globalization has affected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign activities are affected by business cycle developments. We aggregate the data by the sector of the r...

This paper investigates whether the acquisition of a domestic establishment by a foreign owner has any effects, positive or negative, on the survival prospects and employment growth of that plant. The empirical analysis uses data from the Annual Respondents Database (ARD) for the UK electronics industry for the period 1980 to 1993. Estimating a standard hazard model including a dummy variable f...

abstract i n this paper we investigated total energy consumption and its individual forms (oil, natural gas, electricity, renewable energies and coal) relationship with real gross domestic product (gdp) in iran. we employed hsiao’s (1981) methodology and annual data which cover 1967-2010 for investigation. the empirical findings indicate there is bidirectional causality effect with real gdp and...

This paper uses annual time series data from Taiwan to empirically estimate the demand for cigarettes, in consideration of the import liberation of foreign cigarettes and of anti-smoking campaigns. The results indicate that the price elasticities for domestic and imported cigarettes are -0.6 and -1.1, respectively. The cross-price elasticities are 0.08 for domestic and 2.78 for imported cigaret...

This study empirically examines the impact of international monetary policy on bank risk in Indian context. Using annual data from 64 banks and employing panel OLS GMM techniques, this finds that: (1) a contractionary increases risk; (2) an appreciation domestic exchange rate induces riskiness; (3) affects through “search for yield” channel; (4) is relatively significant explaining riskiness po...

BACKGROUND Costs of tobacco-related disease can be useful evidence to support tobacco control. In Hong Kong we now have locally derived data on the risks of smoking, including passive smoking. AIM To estimate the health-related costs of tobacco from both active and passive smoking. METHODS Using local data, we estimated active and passive smoking-attributable mortality, hospital admissions,...

During the last decade, few issues have generated as much debate among scholars, policy-makers and political activists as the relationship between economic globalization and domestic income inequality in the developed world. The central aim of this paper is to offer an empirical assessment of the impact of economic globalization on the distribution of income generated by the market and the abil...