Publications

The KCG has various series of publications to provide research findings and policy implications to different interested groups, e.g., students, academics, policy makers and the public.

How Borrowing Constraints Hinder Migration: Theoretical Insights from a RUM Model

2nd April 2019
KCG Secretary
Authors: Léa Marchal and Claire Naiditch (Scandinavian Journal of Economics, 2020, Vol. 122(2), 732-761)

We provide a theoretical framework to analyze how financial constraints hinder migration. Introducing wealth heterogeneity and borrowing constraints into a RUM model of migration, we find evidence of multilateral resistance to migration stemming from borrowing constraints[…]

Die Effekte deutscher Direktinvestitionen im Empfängerland vor dem Hintergrund des Leistungsbilanzüberschusses: Empirische Evidenz mit Mikrodaten für Frankreich

21st February 2019
KCG Secretary
Autoren: Holger Görg und Léa Marchal (Perspektiven der Wirtschaftspolitik, 2019, Band 20, Heft 1, 53-69)

Deutschland hat seit Jahren einen Leistungsbilanzüberschuss, der international kritisiert wird. Die Bedeutung der deutschen Direktinvestitionen im Ausland ist dabei in den letzten Jahren stark angestiegen. Vor diesem Hintergrund untersucht diese Studie die Effekte von Direktinvestitionen auf Unternehmen im Gastland. Dazu werden Unternehmensdaten für Frankreich verwendet. Insgesamt liefert die Studie zwei wirtschaftspolitisch relevante Ergebnisse. Zum einen haben deutsche Übernahmen von französischen Unternehmen im Durchschnitt keine negativen Auswirkungen auf Produktivität, Qualifikationsstruktur und Handelsaktivität der übernommenen Unternehmen. Zum anderen zeigt sich[…]

More Needs to be Done to Improve the Quality of Institutions in Africa for Development

8th February 2019
KCG Secretary
Publications
Publications
On December 18, 2018 the Africa-Europe Forum with the overarching theme “Taking Cooperation to the Digital Age” took place in Vienna, Austria. At the Forum key decision makers from politics and business and other stakeholders from both Africa and Europe discussed about what should and can be done to foster both sides’ prosperity and competitiveness and to further intensify the bilateral relationships between the two continents in various economic and societal aspects. One key concluding remark of the Forum[…]

Chinese Direct Investment in Europe – Challenges for EU FDI Policy

31st January 2019
KCG Secretary
Authors: Frank Bickenbach and Wan-Hsin Liu (CESifo Forum, 2018, Vol. 19(4), 15-22)

Chinese foreign direct investment (FDI) into the European Union (EU) has increased substantially over the last decade. Whereas the EU generally welcomes inward FDI, FDI from China has been often accompanied by concerns. In view of these developments, the EU now faces the challenge of reforming its FDI policy in such a way as to simultaneously (i) defend the EU’s current openness to FDI (including from China); (ii) address the security concerns that have been raised for some types of FDI[…]

KCG Policy Paper No. 4: China between External Pressure and Domestic Policy Reforms: In Search of a Balance

11th October 2018
KCG Secretary
Publications
Publications
Authors: Rolf J. Langhammer and Wan-Hsin Liu

It was probably a combination of the objective of a constructive response to external headwind from the United States (US) and to some extent also from the European Union (EU) as concerns China’s investment and trade policies on the one hand and the intrinsic insight that opening up the investment and trade sector in China […]


International Trade and Retail Market Performance and Structure: Theory and Empirical Evidence

30th August 2018
KCG Secretary
Authors: Philipp Meinen and Horst Raff (Journal of International Economics,2018, Vol. 115, 99-114)

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, and have a higher propensity to have multiple shops than domestically sourcing[…]