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Infrastructure and Income Distribution in ASEAN-5; What are the Links?
Seneviratne, Dulani; Sun, Yan - International Monetary Fund (IMF) - 2013
Adequate infrastructure has long been viewed as an important factor in economic development. Based on regressions covering 76 advanced and emerging market economies, this paper estimates the impact of infrastructure and investment on income distribution. It finds that better infrastructure, both...
Persistent link: https://www.econbiz.de/10011242245
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The Big Split: Why Did Output Trajectories in the ASEAN-4 Diverge after the Global Financial Crisis?
Isnawangsih, Agnes; Klyuev, Vladimir; Zhang, Longmei - International Monetary Fund (IMF) - 2013
impact on more open economies (Malaysia and Thailand). Second, countercyclical fiscal stimulus in Indonesia and the …, however, was not uniform. Even in a relatively homogenous group of countries such as ASEAN-4 (Indonesia, Malaysia, the … Philippines and Thailand), there were considerable differences both in terms of instantaneous impact of the crisis and in terms of …
Persistent link: https://www.econbiz.de/10010790382
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Explaining ASEAN-3’s Investment Puzzle A Tale of Two Sectors
Zhou, Yong Sarah - International Monetary Fund (IMF) - 2013
. Empirical results based on macro and firm-level data from Indonesia, Malaysia, and Thailand (ASEAN-3) support this hypothesis. …
Persistent link: https://www.econbiz.de/10011142140
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The role of risk and information for international capital flows : new evidence from the SDDS
Hashimoto, Yūko; Wacker, Konstantin - 2012
In this paper we investigate whether better information about the macroeconomic environment of an economy has a positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to explicitly quantify information asymmetries by compliance...
Persistent link: https://www.econbiz.de/10009659821
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The Long-Run Trend of Residential Investment in China
Ding, Ding - 2018
In this paper we analyze the fundamental drivers of China's residential investment as a share of its GDP. Our analysis indicates that the economic structural changes that led to rebalancing toward consumption were the key driver of the rising residential investment to GDP ratio in China. We...
Persistent link: https://www.econbiz.de/10014408940
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Rising Income Inequality : Technology, or Trade and Financial Globalization?
Papageorgiou, Chris - 2008
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited overall impact of globalization reflects two offsetting...
Persistent link: https://www.econbiz.de/10014409050
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Does Openness to International Financial Flows Raise Productivity Growth?
Prasad, Eswar - 2008
This paper provides a comprehensive analysis of the relationship between financial openness and total factor productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a large sample of countries. We find that de jure capital...
Persistent link: https://www.econbiz.de/10012677369
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Valuation of Unlisted Direct Investment Equity
Elkjaer, Thomas - 2009
This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally...
Persistent link: https://www.econbiz.de/10012677498
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Being a Foreigner Among Domestic Banks
Horen, Neeltje van - 2009
Studying a large number of banks in various countries between 1999 and 2006, we document that foreign banks perform better when from a high income country, when host country competition is limited, and when they are large and rely more on deposits for funding. Foreign banks' performance improves...
Persistent link: https://www.econbiz.de/10012677516
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The Location of Domestic and Foreign Production Affiliates by French Multinational Firms
Méjean, Isabelle - 2010
Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...
Persistent link: https://www.econbiz.de/10012677519