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Volatility, employment and the patterns of FDI in emerging markets

Aizenman, Joshua - 2002

even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected … in each country to productivity shocks, channeling the average employment from the more to the less volatile location …

Persistent link: https://www.econbiz.de/10012469306

Aid Volatility and Poverty Traps

Agénor, Pierre-Richard - 2007

This paper studies the impact of aid volatility in a two-period model where production may occur with either a traditional or a modern technology. Public spending is productive and "time to build" requires expenditure in both periods for the modern technology to be used. The possibility of a...

Persistent link: https://www.econbiz.de/10012465250

Volatility and the Investment Response

Aizenman, Joshua - 1996

We use the World Bank decomposition of aggregate investment shares into their private and public components to test for the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant negative correlation between various volatility...

Persistent link: https://www.econbiz.de/10012472987

Volatility, Investment and Disappointment Aversion

Aizenman, Joshua - 1995

This study uncovers a statistically significant negative correlation between volatility and private investment over the 1970-93 period in a set of almost fifty developing countries and provides a possible interpretation of this result by using the disappointment- aversion expected utility...

Persistent link: https://www.econbiz.de/10012473481