12 research outputs found
Measuring the Technology Diffusion from Multinational Enterprises
F01, F20, F23, O10, O15, O31, O47, O57, L24,
Technology spillovers from foreign direct investment in developing countries : economic theory and practice
EThOS - Electronic Theses Online ServiceGBUnited Kingdo
Technology Spillovers, Foreign Affiliates and Host Country Technology Level: A Note
Le texte intégral de ce document de travail n'est pas disponible en ligne. Pour plus de renseignements sur ce document, veuillez communiquer avec la Direction de la recherche de l'École de gestion Telfer à l'adresse [email protected]. // The full text of this working paper is not available online. For more information regarding this working paper, please contact the Telfer School of Management Research Office at [email protected]
On the validity of conventional statistical tests given evidence of non-synchronous trading and non-linear dynamics in returns generating process
Based on the recent developments in market microstructure and applications of nonlinear dynamics and chaos theory to financial time series, the subsequent article questions the validity of traditional methods used to test the efficient market hypothesis. In particular, it emphasizes the invalidity of unit roots tests since they are not predictability tests.
Types of Banking Institutions and Economic Growth: An Endogenous Growth model
There is mixed support for the hypothesis that the banking sector is a channel for economic growth. While most studies on economic growth in Gulf Cooperation Council (GCC) countries have not distinguished between conventional banks and Islamic banks, this study contributes to the empirical literature by comparing the respective impacts of Islamic banks and commercial banks on economic growth among GCC countries during the period 2001–2009, bringing out policy implications. The main result of panel data regressions is that both conventional and Islamic banks have fuelled economic growth, with the latter having a more significant impact. These results contradict the findings of some single-country studies that have examined the impact of Islamic banking on economic growth
Multinational Enterprises, Technology Diffusion, and Host Country Absorptive Capacity: A Note
Previous empirical studies show mixed support for the hypothesis that the impact of technology diffusion from multinational enterprises (MNEs) on host country productivity growth depends on host country absorptive capacity. One explanation is that the results of these empirical studies are sensitive to the measures of absorptive capacity used. This paper contributes to the empirical literature by investigating average years of schooling and total factor productivity gap as measures of host country absorptive capacity in 38 developed and developing countries. Panel data regression equations are estimated using a cross-sectionally heteroskedastic and timewise autoregressive (CHTA) model. The paper has two main results. The first result does not support the hypothesis that the technology diffusion from MNEs has a positive impact on the productivity growth in developing countries. The second result is that the total factor productivity gap is more appropriate than average years of schooling to measure host country absorptive capacity. This may suggest that the results of previous studies that used average years of schooling should be interpreted with caution.Multinational enterprises, technology diffusion, absorptive capacity, productivity growth, human capital,