Sectoral Growth Effects of Cross-Border Mergers and Acquisitions
We analyze the impact on growth of cross-border mergers and acquisition (M&A) sales. Using the GMM methodology we find that most economies benefit from financial service M&A sales. However, some type of capital flows may hurt growth. In some cases M&A sales in manufacturing and the primary sector may lead to deindustrialization in manufacturing industry and/or services industries.
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Volume (Year): 38 (2012)
Issue (Month): 3 ()
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