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Rapid growth in the number and size of sovereign wealth funds (SWFs) in recent years has occasioned a broad-ranging policy debate about how best to accommodate or, indeed, limit the participation of these funds in the worlds capital markets. The announcement in March 2007 that China would open...
Persistent link: https://www.econbiz.de/10009363668
Though there has been much general debate recently about the pros and cons of capital controls, there remains substantial confusion and uncertainty about what exactly is entailed by the term restraining global capital flows. Popular discussion around this has typically been long on rhetoric and...
Persistent link: https://www.econbiz.de/10009363953
China is rising as a major source of outward direct investment (ODI), but barriers to and protectionism against Chinese investment have been strengthened as well. This situation reflects inherent flaws in the architecture governing international investment. This paper identifies three of...
Persistent link: https://www.econbiz.de/10011134326
This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...
Persistent link: https://www.econbiz.de/10009363366
We recount East Asia’s experience with foreign direct investment (FDI). We document that, contrary to the Rybczynski …-intensive industry to decline. We also present narrative evidence that sheds light on how FDI is affected by the host’s countryâ …€™s locational advantages, whether Asian FDI is footloose, and how the PRC has become the center of Factory Asia. Finally, we show …
Persistent link: https://www.econbiz.de/10009653172
We recount East Asia’s experience with foreign direct investment (FDI). We document that, contrary to the Rybczynski …-intensive industry to decline. We also present narrative evidence that sheds light on how FDI is affected by the host’s countryâ …€™s locational advantages, whether Asian FDI is footloose, and how the PRC has become the center of Factory Asia. Finally, we show …
Persistent link: https://www.econbiz.de/10009653187
instability, and openness, in determining intra-FDI inflows in the ASEAN countries, China, Japan, and Korea. Our empirical results … statistically significant factors that determine regional intra-FDI inflows; other variables such as macroeconomic instability are … that would increase regional openness by 10 percent would increase intra-FDI inflows by almost 2 percent. A regional …
Persistent link: https://www.econbiz.de/10009363447
results indicate that foreign capital (FDI), domestic capital, and trade are statistically significant in both the long … is a bi-directional Granger causality between GDP and FDI, and thus, we conclude that the FDI-led growth hypothesis is …
Persistent link: https://www.econbiz.de/10009363557
evidence once again adds to the need for appropriate policies and plans to further expand and develop tourism given that FDI …
Persistent link: https://www.econbiz.de/10009363831
Indias growing economic strength in recent years has seen it adapting its foreign policy to increase its global influence and status and to meet the challenges of the 21st century. In the past few years, New Delhi has expanded its strategic vision, most noticeably in Asia, and has broadened the...
Persistent link: https://www.econbiz.de/10009365040