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This paper examines the behavior of business fixed investment in the United States in the 1980s. A background … discussion of the long-term behavior of the components of business fixed investment is provided, setting the context for the … empirical analysis. A standard neoclassical model of business fixed investment is specified and estimated, with output and the …
Persistent link: https://www.econbiz.de/10014396320
closer integration of world capital markets. By reducing constraints on international capital flows, this movement makes the …
Persistent link: https://www.econbiz.de/10014395900
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10014396933
International standards for measuring foreign direct investment (FDI) have become important in today’s global economy … of investment in a country. This joint IMF/OECD report assesses progress toward standardization in the compilation of FDI … update of the joint IMF/OECD Survey of Implementation of Methodological Standards for Direct Investment (SIMSDI), which …
Persistent link: https://www.econbiz.de/10014401922
Persistent link: https://www.econbiz.de/10014409714
This paper summarizes the theory and empirical evidence on the determinants of foreign direct investment. These … explanations of foreign direct investment receive some empirical support, there is not sufficient favorable evidence on any one of …
Persistent link: https://www.econbiz.de/10014396385
Capital flows to the nonindustrial countries share three striking characteristics. First, the bulk, of these flows was in the form of debt, not equity; second, the loans were mostly to, or guaranteed by, debtor governments; and third, these debts were largely bank loans, not bonds. This paper...
Persistent link: https://www.econbiz.de/10014396446
with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports …
Persistent link: https://www.econbiz.de/10014395795
This paper analyzes reasons for the high post-war correlations of saving and investment, both across countries and over …
Persistent link: https://www.econbiz.de/10014396226
results from the requirement that non-traded inputs are used in the investment process. In the short-run, though, the effects … changes in the world interest rate …
Persistent link: https://www.econbiz.de/10014396304