Technology Spillovers: A Motive for Foreign Direct Investment?

This paper explores the relationship between the R&D activity in a country and the inflow of foreign capital through foreign direct investment and foreign ownership. The idea that firms invest abroad in order to more easily absorb the knowledge and technology of foreign firms is tested empirically using a unique firm level data set covering foreign ownership and R&D in all Norwegian manufacturing firms over the period 1990 to 1996. The study gives no clear support for such a motive behind foreign ownership. On the contrary, the econometric study indicates that foreign investors predominantly try to exploit their technological advantages in the Norwegian market. The results also show that the presence of foreign ownership is more volatile in highly R&D intensive firms. We claim that this is due to the fact that large R&D investment often result in large losses as well as gains, which again attracts or repels foreign owner interests.

Inward FDI in Norway and its policy context

Norwegian inward foreign direct investment (IFDI) has increased rapidly since 2000. A stock of US$30 billion in 2000 grew by almost 300$ 116 billion by 2009, a growth stronger than that of most other OECD member countries. The development of Norwegian IFDI has been rather uneven, with stable periods punctuated by boom years. IFDI in 2008 was lower than in 2007, partly reflecting the cooling down of the world economy as a result of the international financial and economic crisis. The latest available data indicate that IFDI remained in a slump in 2009. The composition of Norwegian IFDI largely follows the structure of Norway's private-sector economy, with a clear dominance of the oil and gas sector. The manufacturing sector is gradually losing its appeal to foreign investors, although more slowly than one would expect considering the reduced importance of this sector in the Norwegian economy

Recent leaps towards free trade : the impact on Norwegian industry and trade patterns

In this study we model effects on Norwegian industry and trade patterns of the recently implemented trade reforms - the WTO-agreement, the EEA-treaty, the OECD ship building reform and the EFTA fishing agreement - through changes in tariffs, NTBs, government procurement and subsidy policy as well as shifts in foreign prices and demand. We employ a highly disaggregated CGE model to simulate the difference between an economy adapted to the mentioned reforms and an economy based on a multilateral maintenance of the pre-reform trade system. Exports and import shares are modelled differently depending on commodity characteristics. Labour supply and national wealth are exogenously determined in order to focus on the gains from reallocations of given resources. The results indicate strong effects on the patterns of industry and trade. Specifically, we observe an increase in the production of services and highly processed goods, and a decrease in the production of raw materials and less processed commodities. Keywords: Trade reform, European economic integration, CGE analysis, Norwa

Transitory adjustment costs and long term welfare effects of an EU-membership: the Norwegian case

We employ a large scale macroeconometric model to study transitory adjustment problems and long term welfare effects of a Norwegian EU-membership. Compared to the present European Economic Area (EEA) treaty, accession would primarily require economic reforms in the fields of agriculture, public finance and trade. When we ignore the yearly net contribution of approximately 1 billion ECU (1 per cent of GDP), integrating the Norwegian economy into EU generates a small welfare gain. The results seem to be strongly affected by a long transition period with under-utilisation of resources. With the costs of the net contribution included, we identify a welfare loss. This is especially so if fiscal policy is adjusted to maintain public and current account balances. To investigate the stability of the results when the estimated wage rate response and trade elasticities are altered, we present two sensitivity tests. None of them give us reason to cast doubt on the qualitative conclusions presented.publishedVersio

Myristate and the ecology of AM fungi: significance, opportunities, applications and challenges

A recent study by Sugiura and coworkers reported the non‐symbiotic growth and spore production of an arbuscular mycorrhizal (AM) fungus, Rhizophagus irregularis, when the fungus received an external supply of certain fatty acids, myristates (C:14). This discovery follows the insight that AM fungi receive fatty acids from their hosts when in symbiosis. If this result holds up and can be repeated under nonsterile conditions and with a broader range of fungi, it has numerous consequences for our understanding of AM fungal ecology, from the level of the fungus, at the plant community level, and to functional consequences in ecosystems. In addition, myristate may open up several avenues from a more applied perspective, including improved fungal culture and supplementation of AM fungi or inoculum in the field. We here map these potential opportunities, and additionally offer thoughts on potential risks of this potentially new technology. Lastly, we discuss the specific research challenges that need to be overcome to come to an understanding of the potential role of myristate in AM ecology

Venerische Krankheiten: Redigirt von Prof. Neisser nd Dr. Schäffer in Breslau

n/

Why do Countries Enter into Preferential Agreements on Trade in Services? Assessing the Potential for Negotiated Regulatory Convergence in Asian Services Markets

More than a third of the World Trade Organization (WTO)-notified services trade agreements (STAs) in effect over January 2008 - August 2015 have involved at least one (South or Southeast) Asian trading partner. Drawing on Baier and Bergstrand's (2004) determinants of preferential trade agreements and using the World Bank's database on the restrictiveness of domestic services regimes (Borchert et.al. 2012), we examine the potential for negotiated regulatory convergence in Asian services markets. Our results suggest that countries within Asia with high levels of pre-existing bilateral merchandise trade and wide differences in services regulatory frameworks are more likely candidates for STA formation. Such results lend support to the hypothesis that the heightened "servicification" of production generates a demand for the lowered service input costs resulting from negotiated market opening

Therapie der Syphilis

n/

The Organophosphate Chlorpyrifos Interferes with the Responses to 17β-Estradiol in the Digestive Gland of the Marine Mussel Mytilus galloprovincialis

BACKGROUND: Many pesticides have been shown to act as endocrine disrupters. Although the potencies of currently used pesticides as hormone agonists/antagonists are low compared with those of natural ligands, their ability to act via multiple mechanisms might enhance the biological effect. The organophosphate Chlorpyrifos (CHP) has been shown to be weakly estrogenic and cause adverse neurodevelopmental effects in mammals. However, no information is available on the endocrine effects of CHP in aquatic organisms. In the digestive gland of the bivalve Mytilus galloprovincialis, a target tissue of both estrogens and pesticides, the possible effects of CHP on the responses to the natural estrogen 17β-estradiol (E(2)) were investigated. METHODOLOGY/PRINCIPAL FINDINGS: Mussels were exposed to CHP (4.5 mg/l, 72 hrs) and subsequently injected with E(2) (6.75 ng/g dw). Responses were evaluated in CHP, E(2) and CHP/E(2) treatment groups at 24 h p.i. by a biomarker/transcriptomic approach. CHP and E(2) induced additive, synergistic, and antagonistic effects on lysosomal biomarkers (lysosomal membrane stability, lysosome/cytoplasm volume ratio, lipofuscin and neutral lipid accumulation). Additive and synergistic effects were also observed on the expression of estrogen-responsive genes (GSTπ, catalase, 5-HTR) evaluated by RT-Q-PCR. The use of a 1.7K cDNA Mytilus microarray showed that CHP, E(2) and CHP/E(2), induced 81, 44, and 65 Differentially Expressed Genes (DEGs), respectively. 24 genes were exclusively shared between CHP and CHP/E(2), only 2 genes between E(2) and CHP/E(2). Moreover, 36 genes were uniquely modulated by CHP/E(2). Gene ontology annotation was used to elucidate the putative mechanisms involved in the responses elicited by different treatments. CONCLUSIONS: The results show complex interactions between CHP and E(2) in the digestive gland, indicating that the combination of certain pesticides and hormones may give rise to unexpected effects at the molecular/cellular level. Overall, these data demonstrate that CHP can interfere with the mussel responses to natural estrogens