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threshold effects of foreign direct investment (FDI) in the relationship between growth and inequality by applying the standard … significantly influenced by a single threshold in FDI: for FDIi>ô, economic growth and inequality can have an inverse relationship …
Persistent link: https://www.econbiz.de/10010531112
The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns since 2003 and the potential impact of industrial...
Persistent link: https://www.econbiz.de/10011657882
For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of it driven by investment and capital accumulation. By 2014, gross capital formation had reached 46 percent of aggregate expenditures. This paper documents the role of investment...
Persistent link: https://www.econbiz.de/10011659322
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/10003790984
Persistent link: https://www.econbiz.de/10003499558
. Using foreign direct investment (FDI) as a measure for capital flows, we present empirical evidence which largely confirms …
Persistent link: https://www.econbiz.de/10003299332
The countries comprising the Southern African Customs Union (SACU) are currently not very integrated into global value chains (GVCs), potentially missing out on important development opportunities. Accordingly, we explore high level options for promoting their integration. Given East Asia's...
Persistent link: https://www.econbiz.de/10011457940
China's increased trade with and investment in Africa have boosted the continent's economic growth but have also generated considerable controversy. In this paper we investigate China's outward direct investment ODI in Africa using macro and micro data. The aggregate data on China's ODI in...
Persistent link: https://www.econbiz.de/10011485198
The aim of this paper is to investigate the long run relationship between the development of banks and stock markets and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence to test the number of cointegrating vectors among these...
Persistent link: https://www.econbiz.de/10010223077
We investigate how protectionist policies influence economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. We employ the...
Persistent link: https://www.econbiz.de/10012387616