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Sommersemester 2018Summer Term 2018
23.7.2018 : 15:05 : +0200
Bundesministerium für Digitalisierung und Wirtschaftsstandort

 

FIW ist ein Projekt des WIFO, wiiw und WSR im Auftrag des  Bundesministeriums für Digitalisierung und Wirtschaftsstandort. Die FIW-Kooperationen mit der Wirtschaftsuniversität Wien, der Universität Wien,  der Johannes Kepler Universität Linz und der Universität Innsbruck werden vom Bundesministerium für Bildung, Wissenschaft und Forschung gefördert.

Die undefinedTabellen zur aktuellen Wirtschaftslage bieten einen schnellen Überblick über die wirtschaftliche Entwicklung in Österreich.

Seminlar in International Economics im Sommersemester 2018

 

Das FIW bietet gemeinsam mit dem wiiw regelmäßig Vorlesungen in Form eines Seminars in "International Economics" an.

Ort: wiiw Wiener Institut für Internationale Wirtschaftsvergleiche, Rahlgasse 3, 1060 Wien

Mittwoch, 30. Mai 2018, 15:00 Uhr

wiiw Rahlgasse 3, 1060 Vienna

 

Michael Huberman

Université de Montréal, Canada


 

 

Abstract
We study the effect of changes in domestic, regional, and international (transatlantic) trade costs on the competition between foreign and domestic manufacturers in interwar Brazil. In the great wave of globalization before 1914, international transport costs were low and domestic trade costs high. The interwar period saw a reversal: international trade costs spiked and the Brazilian state intervened to eliminate internal barriers. As the domestic market integrated, manufacturers, increasingly concentrated in the São Paulo region, extended their reach. Our claim is that the movement in trade costs provides a more compelling explanation of the emergence of domestic manufacture, its location and expansion, than does heightened tariff protection or accommodating exchange-rate policy.

 

 

We kindly ask you to undefinedregister for the event. Participation is free of charge.

After the seminar there will be the opportunity for the speaker and the audience for further discussions, accompanied by drinks and snacks.

 

 

 

 

Monday, 4 June 2018, 11 am – 12.30 pm
wiiw, Rahlgasse 3, 1060 Vienna

 

 

 

On the relevance of double tax treaties

 

Andrzej Stasio

Vienna University of Economics and Business (WU)

 

The presentation is based on a paper co-authored with Kunka Petkova (WU) and Martin Zagler (UPO University of Eastern Piedmont).

 

 

Abstract

 

This paper investigates the effects of double tax treaties (DTTs) on foreign direct investment (FDI) after controlling for their relevance in the presence of treaty shopping. DTTs cannot be considered a bilateral issue, but must be viewed as a network, since FDI can ?ow from home to host country through one or more conduit countries. Accounting for treaty shopping, we calculate the shortest (i.e. the cheapest) tax distance between any two countries allowing the corporate income to be channeled through intermediate jurisdictions. We consider the relevance of tax treaties vis-à-vis the domestic law and the entire tax treaties network and show that tax treaties that reduce the direct tax distance, both against domestic law and the entire existing treaty network, will increase FDI. Such a relevant treaty will increase direct FDI by roughly 20%. The effect increases with reductions in the direct tax cost and we can quantify this effect at almost 8% for a 10-percentage-point tax reduction below the minimum rate in the network. We also ?nd that a treaty can lead to more direct FDI if the cheaper route is complicated and involves more than one conduit country.

 

JEL CodesF21, F23, F53, H25, H26, H73, H87, K34.

 

 

We kindly ask you to undefinedregister for the event. Participation is free of charge.

 

This seminar series is an activity of the Research Centre International Economics FIW, which is a project of WIFO, wiiw and WSR on behalf of the Federal Ministry for Digital and Economic Affairs (BMDW). The FIW cooperation with the Vienna University of Economics and Business, the University Vienna, the Johannes Kepler University Linz and the University of Innsbruck is supported by the Federal Ministry of Education, Science and Research (BMBWF).

 

The seminar programme is regularly updated. Please visit the wiiw or FIW website for the current version of the programme. Papers and presentation slides, as far as available, are posted on our webpage after the respective seminars.

2018-05-02

Globalized firms: The gender employment gap and the transmission of attitudes towards female work across countries

Wednesday, 2 May 2018, 3:00 p.m.

wiiw, Rahlgasse 3, 1060 Vienna

 

Globalized firms: The gender employment gap and the transmission of attitudes towards female work across countries

 

 

Carolina Lennon
University of Economics and Business (WU)




**Attention: Date has changed! New date is May 2.**

the presentation is based on a paper co-authored with Alyssa Schneebaum (WU).

Abstract

 

The question of whether globalization and expanding markets serve as a mechanism through which greater gender equality is achieved is one that has been debated heavily from a theoretical perspective. Much of the empirical literature to date suggests that there is generally a positive relationship between globalization and women's labor market outcomes, but this finding depends on country, time frame, and exact outcome measured. Along with these open empirical questions, perhaps the most important shortcoming in the literature is the omission of an analysis of the mechanisms through which globalization could affect gender equality. In this paper, we test if globalized firms have helped to reduce the employment gender gap in developing and transition economies and if they have acted as a catalyst for the transmission and convergence of attitudes towards female work. We define global firms in two ways: first, by a firm's level of foreign ownership, and second, based on whether or not the firm exports. Using unique firm-level data for companies in more than 100 countries between 2006 and 2016, this will be the first paper in the literature to look at the effect of globalization on gender equality in such a broad number of countries. Preliminary results show that global firms hire relatively more women than non-global firms after controlling for a rich set of firm's characteristics. We also find that whom you trade with and from where you receive FDI matters. As such, firms in economies that trade with or receive FDI from countries with a higher degree of gender equality are themselves more likely to have a greater share of female workers.

Paper and Powerpoint presentation, as far as available, are posted on this page after the seminar.

JEL classification: D22; F16; F23; F66; J16; J71

 

We kindly ask you to undefinedregister for the event. Participation is free of charge.

 

 


 

This seminar series is an activity in the framework of FIW ('Forschungsschwerpunkt Internationale Wirtschaft'), which is a project designed to build a centre of excellence in research on International Economics, funded by the Austrian Ministry of Digital and Economic Affairs (BMDW).

 

The seminar programme is regularly updated. Please visit the wiiw or FIW website for the current version of the programme. Papers and presentation slides, as far as available, are posted on our webpage after the respective seminars.

 

 

 

 

2018-03-26

Credit dynamics in CESEE since the global financial crisis: adjustment back to equilibrium levels?

 

Monday, 26 March 2018, 3.00 – 4.30 pm
wiiw, Rahlgasse 3, 1060 Vienna

 

 

 

Credit dynamics in CESEE since the global financial crisis: adjustment back to equilibrium levels?

Mariarosaria Comunale, Bank of Lithuania

 

The presentation is based on a paper co-authored with Markus Eller and Mathias Lahnsteiner.

 

 

Abstract

 

During the period of rapid credit expansion that was observed in most Central, Eastern and Southeastern European (CESEE) countries before the 2008/2009 global financial crisis (GFC) several papers had addressed the question whether these dynamics are still sustainable or constitute overshooting compared to equilibrium levels, raising concerns with regard to macrofinancial stability. With the benefit of hindsight, a consensus has emerged that pre-crisis credit developments had been on an excessive path in several CESEE countries. In particular, the substantial increases of nonperforming loans (NPLs) in the years after 2008 suggest that credit dynamics had been too much of a good thing in many CESEE countries. In the wake of the GFC, credit growth slowed down remarkably or even turned negative in CESEE, before recovering or accelerating again more recently. Against this background, the question arises whether credit levels have eventually turned back to equilibrium levels or whether under- or overshooting tendencies can be identified.

Our paper picks up this debate and offers several methodological improvements compared to existing literature to come up with an assessment how credit levels and growth rates in different CESEE EU countries have evolved compared to the underlying equilibria. Both a static (for levels) and dynamic (for growth rates) panel setups are applied. The role of global factors and cross-country spillovers between CESEE and from the other EU member states gets particular interest. In contrast to previous work, that focused on domestic bank credit to the private sector by using it as the dependent variable in the empirical analysis, we include direct cross-border credit to the private sector in our study. Thereby we capture an important source of financing in particular for companies in CESEE, which is a very close substitute for domestic bank credit.

Paper and Powerpoint presentation, as far as available, are posted on this page after the seminar.

 

Keywords: credit growth, equilibrium credit, fundamental credit, CESEE

JEL classification: C23, E44, E51, G21

 

 

We kindly ask you to undefinedregister for the event. Participation is free of charge.

 

This seminar series is an activity in the framework of FIW ('Forschungsschwerpunkt Internationale Wirtschaft'), which is a project designed to build a centre of excellence in research on International Economics, funded by the Austrian Ministry of Digital and Econmic Affairs (BMDW).

 

The seminar programme is regularly updated. Please visit the wiiw or FIW website for the current version of the programme. Papers and presentation slides, as far as available, are posted on our webpage after the respective seminars.