Despite the transnational interconnected nature of the internet, cross-national comparisons in internet usage and their effects are still relatively scarce. Moreover, one of the core intrinsic properties that internet theorists have distinguished, the ability to increase democracy and ‘global understanding’ through its connectivity, has hardly been empirically studied. This paper examines how i...

For FDI to help achieve the international development goal of halving absolute poverty, two conditions have to be met. First, poor developing countries need to be attractive to foreign investors. Second, the host-country environment in which foreign investors operate must be conducive to favourable FDI effects with regard to overall investment, economic spillovers and income growth. This paper ...

Abstract There is a constant evidence of the growth of the foreign indebtedness in all the countries in transition, both EU member states and (pre)accession countries. Status and trends of external debt are important indicators of potential macroeconomic problems, which determines that the management of foreign debt should be a task for all governments. Thus, methodology and measurement of fore...

Globalization is leading to increased economic interactions between the U.S. and almost every other country in the world. A growing percentage of the American economy is devoted to foreign trade, and many U.S. businesses are establishing offices, factories, and other economic ventures in other countries. Most economists claim that globalization is, on the whole, a beneficial phenomenon—and one ...

Previous studies have found that importing goods from R&D-intensive countries raises a country’s productivity. In this paper we investigate econometrically whether foreign direct investment (FDI) also transfers technology across borders. The data indicates that FDI transfers technology, but only in one direction: a country’s productivity is increased if it invests in R&D-intensive foreign count...

This paper examines the impact of inflows of foreign knowledge on economic development, in the context of different institutional development and differing levels of human capital. We employ threshold regression analysis based on Hansen (2000) to determine whether there is cross-country heterogeneity in the flows of foreign knowledge from advanced industrialised countries to a group of 57 devel...

For several years prior to 2010, countries in the euro area periphery engaged in heavy borrowing from foreign private investors, allowing domestic spending to outpace incomes. Now these countries face debt crises refl ecting a loss of investor confi dence in the sustainability of their fi nances. The result has been an abrupt halt in private foreign lending to these economies. This study explai...