Controls on capital inflows have been experiencing a renaissance since 2008, with several prominent emerging markets implementing them in recent years. We focus on Brazil, which instituted five changes in its capital account regime in 2008-2011. Using the synthetic control method, we construct...

We study the relationship between international migration and foreign direct investment (FDI), differentiating between the two modes of entry: Greenfield FDI and cross-border mergers and acquisitions (M&A). Each mode may face different formal and informal information barriers, from regulations,...

One important indicator of national economic strength, in addition to real GDP, is its innovative capacity. Sustained investment in research and development (R&D) is essential for the occurrence of innovation in an economy. The stock of real R&D capital, defined as the cumulative past real...

China and East Asia have survived the global financial crisis of 2007-9 reasonably unscathed. China has achieved a real rate of growth of 9.1 percent in 2009 and 11.1 percent year-over-year in the first half of 2010. Other economies in East Asia, such as Singapore, South Korea and Taiwan, have...