Do Civil and Political Repression Really Boost Foreign Direct Investments? (2002)
Harms, Philipp, Ursprung, Heinrich W.
Multinational enterprises are often accused of having a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This article...
In this paper, we demonstrate that the influence of monopolistic competition in the product market on an economy's impact response to fiscal shocks depends on the persistence of these shocks. While...
revised 2004
A Primer in European Macroeconomics - Instructor's Manual (1997)
Manfred Gärtner, Philipp Harms
macroeconomics, instructor's manual
Foreign aid and developing countries' creditworthiness
We explore whether foreign aid affects developing countries' creditworthiness, as proxied by the Institutional Investor's measure of country credit risk. Based on a simple model of international...
Words, deeds, and outcomes: A survey on the growth effects of exchange rate regimes
Philipp Harms, Marco Kretschmann
Recent studies on the growth effects of exchange rate regimes offer a wide range of different, sometimes contradictory results. In this paper, we systematically compare three prominent contributions...
How does private foreign borrowing affect the risk of sovereign default in developing countries?
We argue that increased foreign borrowing by the private sector reduces the risk that a developing country's government defaults on its foreign debt. We present a simple model in which private...
Explaining liberalization commitments in financial services trade
Harms, Philipp, Mattoo, Aaditya, Schuknecht, Ludger
The authors examine the determinants of market access commitments in international financial services trade in the General Agreement on Trade in Services (GATS). Based on a theoretical model, they...
Aid, Governance and Private Foreign Investment: Some Puzzling Findings for the 1990s
Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? We explore this question using panel...
Eating the Rich vs. Feeding the Poor: Borrowing Constraints and the Reluctance to Redistribute.
This paper offers an explanation why most democracies are characterized by moderate taxation of wealth although the wealth distribution is persistently skewed to the right. We model an economy in...
Old folks and spoiled brats : Why the baby boomers' saving crisis need not be that bad
We study the impact of an anticipated "baby boom" in an overlapping generations economy. The rise of the working population lowers the wage, and the high demand for assets causes a rise in the price...
Growing Into and Out of Social Conflict
We develop a model of growth and distributional conflict which demonstrates that social tensions may peak at an intermediate development stage. In fact, unless the economy is caught in an...
"Aid, governance, and private foreign investment: some puzzling findings and a possible explanation"
Do Civil and Political Repression Really Boost Foreign Direct Investments?
Philipp Harms, Heinrich Ursprung
Multinational enterprises are often accused to have a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This paper presents...
The paper explains the negative correlation between developing countries' per capita incomes and measures of political risk by relating a government's decision to tax foreign investors to...
The Macroeconomic Effects of Foreign Aid: A Survey
Research on the macroeconomic effects of aid has expanded rapidly in recent years. In this paper, we provide a survey of this literature. We start by reviewing some theoretical models that suggest a...
Growing into and out of Social Conflict
We present a model of growth and distributional conflict that implies a non-monotonic relationship between average wealth and the likelihood of radical redistribution; while the net benefits of...
Deregulation and the Current Account
In this paper we use a dynamic general-equilibrium model to study how removing barriers to competition in the nontraded goods sector affects the current account, the real exchange rate, and the...
Aid, Governance, and Private Foreign Investment: Some Puzzling Findings and a Possible Explanation
Does offcial aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question...
Political Risk and Equity Investment in Developing Countries.
This paper estimates the effect of a measure of political risk on equity investment flows to developing countries. Using a panel data set that includes a larger number of low-income countries than...
In this paper, we demonstrate that the influence of monopolistic competition in the product market on an economy's impact response to fiscal shocks depends on the persistence of these shocks. While...
Explaining liberalization commitments in financial services trade
Philipp Harms, Aaditya Mattoo, Ludger Schuknecht
Financial services, financial sector liberalization, GATS, endogenous protection, trade in services,
Do Civil and Political Repression Really Boost Foreign Direct Investments?
Philipp Harms, Heinrich W. Ursprung
Multinational enterprises are often accused of having a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This article...
International investment in a model of stochastic growth and development traps
international investment, economic growth, development traps, F21, O16, O41,
Aid, Governance, and Private Foreign Investment: Some Puzzling Findings and a Possible Explanation
Harms, Philipp, Lutz, Matthias
Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question...
WORDS, DEEDS AND OUTCOMES: A SURVEY ON THE GROWTH EFFECTS OF EXCHANGE RATE REGIMES
Philipp Harms, Marco Kretschmann
Recent studies on the growth effects of exchange rate regimes offer a wide range of different, sometimes contradictory results. In this paper, we systematically compare three prominent contributions...
Offshoring along the Production Chain
Philipp Harms, Oliver Lorz, Dieter M. Urban
Recent contributions on offshoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We...
The Demographics of Expropriation Risk
It is often argued that capital should flow from aging industrialized economies to countries with fast-growing populations. However, institutional failures and the risk of expropriation substantially...
Offshoring Along the Production Chain
Philipp Harms, Oliver Lorz, Dieter Urban
Recent contributions on offshoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We...