- New Jersey, United States
Mariana Spatareanu
Rutgers, The State University of New Jersey, Economics, Department Member
Research Interests: Economics, Economic Growth, Capital Markets, Economic policy, Czech Republic, and 15 moreAdverse Selection, Consumer Goods, Dummy Variables, Credit Risk, Cost of Capital, Debt, Bond Market, Developing Economies, Currency, Cash Flow, Direct Foreign investment, Corporation, Credit Crunch, Balance Sheets, and Capital Stock
Research Interests: Marketing, Economics, Intellectual Property, Manufacturing, International Trade, and 15 moreForeign Direct Investment, Control system, Brand, Diversification, Business Strategy, Externalities, MNC, Computer System, Decision making process, Foreign Investment, Business Operations, Business relationship, Buyer, Expansion, and Adverse effects
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The relationship between trade policy and the level of income is still an open question in the development literature. Theoretical models show that trade openness promotes an efficient allocation of resources through comparative... more
The relationship between trade policy and the level of income is still an open question in the development literature. Theoretical models show that trade openness promotes an efficient allocation of resources through comparative advantage, leading to increased income levels. However, the empirical evidence is still mixed. 1 One potential explanation for the often contrasting results is the difficulty in measuring “trade liberalization” or “openness”. A large number of studies used trade volumes, or the share of trade in GDP as proxies for trade openness. 2 Others have ...
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Investment is the most volatile component of aggregate demand and it is often considered central to business cycles fluctuations. The responsiveness of business investment to changes in its price is thus crucial to our understanding of... more
Investment is the most volatile component of aggregate demand and it is often considered central to business cycles fluctuations. The responsiveness of business investment to changes in its price is thus crucial to our understanding of economic activity. In spite of the key role played by the user cost of capital in economic analysis, there is little empirical support for the existence of substantial user cost elasticity. However, most of the evidence to date is based on aggregate user cost data, which may have introduced downward biases in the estimated user cost. This paper contributes to the literature by constructing a disaggregated, industry‐specific micro user cost variable and focusing on a special class of firms – the high‐tech firms. To provide a benchmark for the results, the user cost estimates for the high‐tech sector are compared with those for the rest of the manufacturing sector. The results suggest that there is little response of investment to variations in its user cost. The findings also suggest that high‐tech firms’ investment behavior is not, after all, that different from the rest of the manufacturing sector.
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Research Interests: Real Estate, Economics, International Economics, Globalization, International Trade, and 48 moreTelecommunications, Economic Growth, Financial Systems, Capital Markets, Foreign Direct Investment, Economic policy, Financial Markets, Multinational Corporations, Czech Republic, Reputation, Adverse Selection, Liquidity Constraint, Consumer Goods, Foreign Language, Investing, Dummy Variables, Credit Risk, Multinational, Profitability, Negotiations, Cost of Capital, Income, Interest Rates, Free Market, Liquidity, Debt, MNC, Bond Market, Developing Economies, Financial Market, Currency, Foreign Investment, Financial intermediation, Cash Flow, Union, MULTINATIONAL CORPORATION, Direct Foreign investment, Corporation, Empirical Analysis, Credit Crunch, Output, Fixed Assets, Marginal cost, Balance Sheets, Information Asymmetries, Overhead Costs, Public Policy, and Capital Stock
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The article analyses the impact of fundamental labour rights on bilateral Foreign Direct Investment (FDI) flows to 82 developing countries. The results indicate that investments by multinationals are significantly higher in countries that... more
The article analyses the impact of fundamental labour rights on bilateral Foreign Direct Investment (FDI) flows to 82 developing countries. The results indicate that investments by multinationals are significantly higher in countries that adhere to labour rights, thereby refuting the hypothesis that repression of these rights fosters FDI.
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Research Interests: Development Economics, Economic Theory, Foreign Direct Investment, Technology transfer, Economic policy, and 14 moreEuropean Union, Applied Economics, Panel Data, Developing Country, World, Source Localization, Country of Origin, United States, Statistical Significance, Small and Medium Size Enterprise, Rules of Origin, Preferential trade agreement, World Bank Policy, and Empirical Analysis
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Countries strive to attract foreign direct investment hoping that knowledge brought by multinationals will spill over to domestic producers. While the literature has cast doubt on the existence of spillovers within industries, it has... more
Countries strive to attract foreign direct investment hoping that knowledge brought by multinationals will spill over to domestic producers. While the literature has cast doubt on the existence of spillovers within industries, it has found evidence of spillovers from multinationals to the supplying sectors. However, the existing studies rely on industry-level proxies rather than information on actual relationships between suppliers and multinationals. This study goes one step further by employing a unique dataset from the Czech Republic where such relationships can be identified. It finds evidence consistent with both high productivity firms having a higher probability of supplying multinationals as well as suppliers learning from their relationships with multinationals.