The integration of emerging markets into the global economy is heavily promoted by foreign direct investment (FDI) inflows. Among the factors explaining the location of FDI, regional trade agreements (RTAs) can be relevant for emerging markets, as they can promote economic integration and increase the attractiveness of the region for foreign investors. This paper investigates the impact of South–South ...
We use a cointegrated structural vector autoregressive model to investigate the relation between monetary policy in the euro area and the stock market. Since there may be an instantaneous causal relation, we consider long-run identifying restrictions for the structural shocks and also used (conditional) heteroscedasticity in the residuals for identification purposes. Heteroscedasticity is modelled ...
In its fith year, the BELEC focusses on contributions of young scholars and INFRATRAIN Doctoral School participants from a variety of organizations, with a focus on discussion and exchange. The low-carbon transformation of energy and transportation systems, as well as sustainable development are becoming increasingly important for business, policy and research. The BELEC 2018 will address these...
The Firms and Markets Department analyzes firms’ strategic behavior and its impact on efficiency, productivity, and growth as well as the institutional and political environment in which firms operate. With the aid of well-established empirical microeconomic tools, the department analyzes economic policy issues, aiming to produce robust data on and suitable tools for evaluating current economic...
