We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … to account for offshore investment and financing vehicles. We show that a parsimonious implementation of the model with …

The economy of the Philippines is open to trade and capital inflows, and has grown rapidly since 2002. Over the last 10 … years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing … economy, why the decline? Three reasons explain the puzzle. First, the public sector cannot afford expanding its investment at …

The economy of the Philippines is open to trade and capital inflows, and has grown rapidly since 2002. Over the last 10 … years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing … economy, why the decline? Three reasons explain the puzzle. First, the public sector cannot afford expanding its investment at …

Philippines and failed to mitigate national security concerns. Our findings imply that changes in the constellation of local …

To enhance the inflow of foreign direct investment (FDI) and ultimately to increase the economic growth, the countries …

puzzle. An analysis of the components of capital flows and of gross portfolio positions shows that foreign direct investment … is directed towards countries with the highest growth rates, but that portfolio investment outflows exceed these inflows …