All Outputs (2)

Sovereign risk, FDI spillovers, and growth (2008)
Journal Article
Sebastián, F. P., Maliar, L., & Maliar, S. (2008). Sovereign risk, FDI spillovers, and growth. Review of International Economics, 16(3), 463-477. https://doi.org/10.1111/j.1467-9396.2007.00718.x

This paper studies the effect of sovereign risk on capital flows from rich to poor nations in the context of a two-country model, where Foreign Direct Investment (FDI) creates positive externalities in domestic production. We show that if externaliti... Read More about Sovereign risk, FDI spillovers, and growth.

Patents, R&D and lag effects: evidence from flexible methods for count panel data on manufacturing firms (2008)
Journal Article
Gurmu, S., & Pérez-Sebastián, F. (2008). Patents, R&D and lag effects: evidence from flexible methods for count panel data on manufacturing firms. Empirical economics, 35(3), 507-526. https://doi.org/10.1007/s00181-007-0176-8

This paper investigates the relationship between patents and research and development expenditures using new longitudinal patent data at the firm level for the U.S. manufacturing sector from 1982 to 1992. The paper also develops a new class of count... Read More about Patents, R&D and lag effects: evidence from flexible methods for count panel data on manufacturing firms.