Showing 1 - 7 of 7
The purpose of this paper is to offer an explanation of why a developing country may adopt a partial reform under which foreign direct investments are controlled. We consider a country where the ruling elite [referred to as State capital] prevents the entry of Foreign capital and taxes the...
Persistent link: https://www.econbiz.de/10012472688
The purpose of this study is to draw attention to the linkages between country risk and the openness of an economy, and to demonstrate that in the long run the openness of an economy is endogenously determined by the interaction between endowments and policies. The presence of country risk poses...
Persistent link: https://www.econbiz.de/10012476658
, though most crossborder deals are still either to or from the US. China has emerged as the dominant net importer, followed by …
Persistent link: https://www.econbiz.de/10012464303
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...
Persistent link: https://www.econbiz.de/10012461155
This paper applies a probit estimation to assess the relationship between economic takeoffs during 1950-2000 and inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and commodity terms of trade. Average level of FDI inflows is...
Persistent link: https://www.econbiz.de/10012461399
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries, 99 countries, 1991-2007, extending Rajan-Zingales (1998). We utilize external finance dependence measures in a series of cross-sectional regressions of manufacturing...
Persistent link: https://www.econbiz.de/10012461431
The Global Financial Crisis (GFC) brought to the fore the limits of the Chinese export led-growth strategy and the need … its success in manufacturing exports, natural resource imports and RMB internationalization. Using micro-level project … data and macroeconomic covariates, we find positive association of Chinese trade and financial flows with China's outward …
Persistent link: https://www.econbiz.de/10012457577