The US is the second-largest recipient of FDI in the world, behind China, and by far the largest target for FDI among OECD countries (OECD 2013). The numbers are large ($253 billion for the US), and the gap with the next-largest in the OECD is impressive ($63 billion for the UK and $62 billion for France in 2012).
The economic impact of inward FDI on the US
Theodore H. Moran, Lindsay Oldenski, 4 March 2014
Nuclear expansion or phase-out? Costs and opportunities
Enrica De Cian, Samuel Carrara, Massimo Tavoni, 22 December 2013
"We learned from Fukushima that we have to deal differently with risks… We believe we as a country can be a trailblazer for a new age of renewable energy sources… We can be the first major industrialized country that achieves the transition to renewable energy with all the opportunities – for exports, development, technology, jobs – it carri
Do multinationals that expand abroad invest less at home?
Theodore H. Moran, Lindsay Oldenski, 31 October 2013
There is a long history of politicians accusing US MNCs of “shipping jobs overseas” when they invest outside the US. President Obama, for example, has proposed special support for US firms that stay at home, and criticised those that move abroad (State of the Union speech 2012).
Offshoring and its effects on innovation in emerging economies
Ursula Fritsch, Holger Görg, 23 September 2013
Most empirical studies of the impact of outsourcing on firms look at industrialised countries. However, outsourcing is also common in emerging economies, and firms in middle-income countries split up their production processes similarly to firms in developed countries (see figures in Miroudot et al. (2009) on trade in intermediates).
Does offshoring hurt domestic innovation activities?
Bernhard Dachs, Bernd Ebersberger, Steffen Kinkel, Oliver Som, 7 September 2013
Offshoring of production activities has been a topic of economic policy debates for at least the last decade. A central issue in these debates are the economic effects of offshoring on firms in the home country.
Why trade policy matters for firms’ R&D investment
Andreas Moxnes, Karen-Helene Ulltveit-Moe, Esther Ann Bøler, 18 July 2012
As the crisis continues to ricochet around the world and unemployment stays elevated, the threat of protectionism rises. As the latest WTO report on G20 trade measures (WTO 2012) and the GTA database confirm (Evenett 2012), the threat is real. Trade barriers are rising.
The inconsistent Europe 2020 and research strategy
Ramon Marimon, 12 March 2012
The European Parliament and EU member states are now discussing the Framework Programme (2014–2020), proposed by the European Commission. Unless the current text is properly amended, funding for research in social sciences will almost completely disappear from the main ‘cooperative research’ (now ‘Societal Challenges’) programme.
An economic evaluation of the war on cancer
Eric Sun, Anupam B Jena, Tomas Philipson , Darius Lakdawalla, Carolina Reyes, Dana Goldman , 11 January 2010
Current efforts at healthcare reform in the US have forced policymakers and stakeholders alike to justify healthcare dollars. As evidence builds on the costs and benefits of specific medical treatments, companies must increasingly demonstrate that the therapies they produce indeed generate health benefits in excess of their (often large) costs.
Where does energy R&D come from?
David Popp, 26 November 2009
Throughout the world, proposals to reduce carbon emissions include increased research and development (R&D) funding. President Obama proposes spending an additional $150 billion on energy R&D over the next ten years, compared to current funding levels of about $5 billion per year.
Patenting strategies and the value of European patents
Bruno van Pottelsberghe de la Potterie, Nicolas van Zeebroeck, 11 October 2008
Different authors have recently emphasised the plausible decline in the average value or quality of patents filed around the world (see e.g. Jaffe and Lerner 2004; Guellec and van Pottelsberghe 2007). This trend is apparently due to a growing propensity to file patent applications (as illustrated with the curve in Figure 1 below, which represents a fast growing patent–to-R&D ratio).
- What good are children?Deaton, Stone
- Money makes people right-wing and inegalitarianOswald, Powdthavee
- Job polarisation and the decline of middle-class workers’ wagesBoehm
- Searching for sources of inequalityFurceri, Loungani
- Measuring economic progressCoyle
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- How the EZ crisis is permanently changing EU institutionsMicossi
- 21st Century Challenges: The Mobile Middle Class13 - 13 March 2014 / Royal Geographical Society, 1 Kensington Gore, SW7 London / Royal Geographical Society (with IBG)
- The 13th Annual GEP Postgraduate Conference 20141 - 2 May 2014 / Nottingham / Sponsored by Nottingham Centre for Research on Globalisation and Economic Policy (GEP) University of Nottingham, United Kingdom
- Exchange Rates and External Adjustment2 - 3 June 2014 / Zurich / Swiss National Bank
- 13th Summer School in International Development Economics: Investment, Saving and Wellbeing in Developing Countries10 - 13 June 2014 / Palazzo Feltrinelli, Gargnano, Lake Garda (Italy) / Organisers: Centro Studi Luca d’Agliano, Centre for Economic Policy Research (CEPR), Paolo Baffi Center on International Markets, Money and Regulation, Department of Economics, Mana