Showing 1 - 10 of 978
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … provide detailed evidence on the determinants of outward FDI from the US. FDI is higher in countries that are close to the US … substantial natural resource exports. Countries also attract more FDI if they have more medium-sized cities and primacy is not too …
Persistent link: https://www.econbiz.de/10012751105
Foreign direct investments (FDI) are an important determinant of economic growth. Countries try to attract mobile … capital in order to foster economic development, albeit FDI might increase regional inequality since the many different … regions of a country usually do not receive FDI in equal measure. A conflict emerges between efficiency and redistribution …
Persistent link: https://www.econbiz.de/10013089164
actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …We develop a dynamic multi-country trade model with foreign direct investment (FDI) in the form of non-rival technology …
Persistent link: https://www.econbiz.de/10012947623
limited by the savings rate of workers close to subsistence. We argue that access to capital goods in the world market can be … technologies coexist (a dual economy in the sense of Lewis (1954)). We show that a decline in the world price of capital goods in …
Persistent link: https://www.econbiz.de/10013075128
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries over the 1980-2008 period, using pooled mean group estimator in a dynamic heterogeneous panel setting. We show that financial development does not have a linear positive...
Persistent link: https://www.econbiz.de/10013054321
The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange stability has been argued to affect growth negatively as it deprives countries from the ability to react in a flexible way to asymmetric real shocks and may enhance the probability...
Persistent link: https://www.econbiz.de/10013317017
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10013121825
Are natural resources a “curse” or a “blessing”? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a...
Persistent link: https://www.econbiz.de/10013094532
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign …. Applying propensity score matching to control for differences across firms in terms of labor productivity, size, etc., we find …
Persistent link: https://www.econbiz.de/10013078522
The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...
Persistent link: https://www.econbiz.de/10012753136