KCG Working Papers

KCG Working Paper No. 16: Foreign Direct Investment & Petty Corruption in Sub-Saharan Africa: An Empirical Analysis at the Local Level

11th July 2019
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Authors: Julian Donaubauer, Peter Kannen and Frauke Steglich

Inspired by a recent and ongoing debate about whether foreign direct investment (FDI) represents a blessing for or an impediment to economic, social, and political development in FDI host countries this paper addresses two issues[…]

KCG Working Paper No. 12: International Trade and Retail Market Performance and Structure: Theory and Empirical Evidence

14th June 2018
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Authors: Philipp Meinen and Horst Raff

Based on a theoretical model featuring heterogeneous retailers that may source globally and operate as chains, we derive a number of hypotheses that link trade integration to retail firm performance and to the structure of retail markets. We empirically test these predictions using Danish microdata for the period 1999 to 2008. We find that importing retailers are larger, more profitable[…]

KCG Working Paper No. 10: Financial Frictions and Foreign Direct Investment: Evidence from Japanese Microdata

16th March 2018
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Authors: Horst Raff, Michael Ryan and Frank Stähler

Using Japanese microdata for the period 1980 to 2000 we find evidence for two transmission channels from financial shocks to foreign direct investment: a collateral channel, whereby changes in the value of investors’ landholdings affect their borrowing ability; and a lending channel, whereby changes in bank health affect banks’ lending ability. Decreasing land values[…]

KCG Working Paper No. 9: Markups of Exporters and Importers: Evidence from Hungary

8th March 2018
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Authors: Cecilia Hornok and Balázs Muraközy

This paper studies the relationship between firm-level markups and trade status using balance sheet information linked to detailed trade data from Hungary between 1995-2003. We find that importing is strongly positively correlated with markups both across and within firms. We argue that this correlation can reflect three channels: self-selection, higher physical productivity resulting from access to a larger variety of inputs and quality upgrading based on high-quality imported intermediate inputs[…]

KCG Working Paper No. 8: How Global is FDI? Evidence from the Analysis of Theil Indices

31st December 2017
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Authors: Frank Bickenbach, Wan-Hsin Liu and Peter Nunnenkamp

It is open to question whether the intensified worldwide competition for FDI has reduced its traditionally strong concentration in a few large and relatively advanced host countries We calculate and decompose Theil indices to track changes in absolute and relative concentration of FDI during the period 1970-2013[…]