Factor Prices and Factor Substitution in U.S. Firms' Manufacturing Affiliates Abroad

Using confidential individual firm data from the Bureau of Economic Analysis survey of U.S. firms' manufacturing operations abroad, we investigate the determinants of capital intensity in affiliate operations. Host country labor cost, the scale of host country production, and the capital intensity of the parent firm's production in the United States, are all significant influences. The parent's capital intensity is the strongest and most consistent determinant of affiliate capital intensity. Affiliates that export are more sensitive to these factors in their choice of factor proportions than affiliates that sell only in their host countries.

Not all foreign direct investment is foreign: the extent of round-tripping

Some foreign investment represents domestic funds that have been sent abroad before returning to the domestic economy, called round-tripping. Traditional FDI statistics do not distinguish round-tripping from genuine foreign investment. This Perspective argues for countries to produce statistics by ultimate investing country to identify the round-tripping in their economies

并非所有外国直接投资都是外来的：返程投资的规模

Some foreign investment represents domestic funds that have been sent abroad before returning to the domestic economy, called round-tripping. Traditional FDI statistics do not distinguish round-tripping from genuine foreign investment. This Perspective argues for countries to produce statistics by ultimate investing country to identify the round-tripping in their economies

RELACIONES ITALO-ARGENTINAS

En españolLa Conferencia del Embajador Italiano en la Argentina refiere a la situación por la que atraviesa Italia a partir de los acontecimientos generados por la encuesta judicial "mani pulite" y a las promisorias perspectivas en las relaciones entre ambos países a raíz de tal proceso y los cambios estructurales que se están llevando a cabo en la Argentina.En inglésThe Conference of the Italian Ambassador in Argentina refers to the current situation in Italy specially to the developments which occurred in relation to the judicial enquiry "mani pulite". Likewise, the author presents his view on a promising future for the relations between both countries after the Italian process and the structural changes which are taking place in Argentina

跨国公司的撤资:我们对其了解多少?

Divestments are a frequent yet understudied corporate phenomenon. The authors outline key findings on the drivers of divestment by multinational enterprises using a large firm-level dataset and call for further research and a more explicit focus on divestments in data collection and policy-making

Divestments by MNEs: What do we know about why they happen?

Divestments are a frequent yet understudied corporate phenomenon. The authors outline key findings on the drivers of divestment by multinational enterprises using a large firm-level dataset and call for further research and a more explicit focus on divestments in data collection and policy-making

Surge damping analysis in pipe systems: modelling and experiments

The current study focuses on the analysis of pressure surge damping in single pipeline systems generated by a fast change of flow, conditions. A dimensionless form of pressurised transient flow equations was developed. presenting the main advantage of being independent of the system characteristics. In lack of flow velocity profiles. the unsteady friction in turbulent regimes is analysed based on two new empirical corrective-coefficients associated with local and convective acceleration terms. A new, surge damping approach is also presented taking into account the pressure peak time variation. The observed attenuation effect in the pressure wave for high deformable pipe materials can be described by a combination of the non-elastic behaviour of the pipe-wall with steady and unsteady friction effects. Several simulations and experimental tests have been carried out. in order to analyse the dynamic response of single pipelines with different characteristics, such as pipe materials. diameters. thickness. lengths and transient conditions

Mestre Contini

Mestre Contini é uma releitura de Nine, o Musical, de Rob Marshall e roteiro original de Arthur Kopit. Guido Contini, mais conhecido como “Mestre Contini”, é um jovem diretor famoso, na casa dos 25 anos de idade. Depois de uma carreira pródiga, a angústia por trás das expectativas de todos parece ser inevitável. Contini sofre de um bloqueio criativo, o qual compromete o seu novo filme. E, sem que perceba, tudo parece desmoronar ao seu redor: seus tormentos, suas mentiras e suas inspirações.