return and volatility spillovers are important for portfolio selection, asset valuation and market efficiency investigation. using a var-bekk framework model, this paper investigates return and volatility spillover effects between three size-sorted equity indices in tehran stock exchange (tse). although daily return of large stocks leads small stocks (lead-lag effect), there wasn’t any spillove...

This paper reviews theory and evidence on how changes in one health care sector (e.g., the private sector) may affect outcomes in other sectors (e.g., the public sector). Evidence suggests that these cross-sector “spillovers” may be substantial in both the shortand long-term. This has important implications for projections of future Medicare spending in the Trustees report: the spillovers obser...

This paper investigates the location of foreign-owned MNC technological activities in the European regions over the period 1987-1995. Specifically, it focuses on the different strategies driving MNCs’ locational choice (to exploit or augment competencies developed in their home base), the influence of the potential for intraand inter-industry spillovers, and externalities stemming from the loca...

Recent empirical work has examined the extent to which international trade fosters international bspilloversQ of technological information. FDI is an alternate, potentially equally important channel for the mediation of such knowledge spillovers. I introduce a framework for measuring international knowledge spillovers at the firm level, and I use this framework to directly test the hypothesis t...

The borders of EU are open for the movement of resources but still there can be some strong negative effects of international borders on productivity and knowledge spillovers compared to the internal regional borders. These negative effect could be due to language barriers, cultural differences, local rules and regulation, legal issues, property rights etc. These effects of international border...

Background Many interventions delivered to improve health may benefit not only direct recipients but also people in close physical or social proximity. Our objective was to review all published literature about the spillover effects of interventions on health outcomes in low-middle income countries and to identify methods used in estimating these effects. Methods We searched 19 electronic dat...

This paper aims to explore the role of spillovers in the strategic choice for a MNE in a duopoly model, especially focusing on endogenous FDI spillovers with spillover-prevention costs. After discussing the exogenous spillover case, this paper shows that with a quadratic spillover-prevention cost function, the FDI-performing firm may choose a positive level of spillovers, which is lower than th...

This paper examines the horizontal and vertical export spillovers of foreign direct investment (FDI) on China’s manufacturing domestic firms by using firm-level census data over the period of 2000–03. Based on a Heckman two-step procedure combining first differencing and instrumental variable regression techniques, we find that FDI has had a positive impact on the export value of domestic firms...

In this paper, we consider R&D cooperation and direct foreign investment as a channel of international spillovers by an empirical literature on innovation and growth. First, spillovers are limited to the country where R&D is conducted; the growth rate in each country will be determined by the country’s own R&D-efforts and by R&D cooperation ignored a long time in growth literature. Second, spil...

This paper studies the effect of supplier-customer relationship on supplier innovation through a knowledge spillover channel. We use the geographical distance between a supplier and its major customers to capture knowledge spillovers along the supply chain. To establish causality, we explore plausibly exogenous variation in distance caused by customer headquarters relocations. In a difference-i...