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Controlled Openness and Foreign Direct Investment

Aizenman, Joshua; Yi, Sang-Seung - 2021

The purpose of this paper is to offer an explanation of why a developing country may adopt a partial reform under which foreign direct investments are controlled. We consider a country where the ruling elite [referred to as State capital] prevents the entry of Foreign capital and taxes the...

Persistent link: https://www.econbiz.de/10013237012

Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990-2010

Aizenman, Joshua - 2011

We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and short-term debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...

Persistent link: https://www.econbiz.de/10013119605

Capital Flows : Catalyst or Hindrance to Economic Takeoffs?

Aizenman, Joshua - 2011

This paper applies a probit estimation to assess the relationship between economic takeoffs during 1950-2000 and inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and commodity terms of trade. Average level of FDI inflows is...

Persistent link: https://www.econbiz.de/10013122019

Capital Flow Types, External Financing Needs, and Industrial Growth : 99 Countries, 1991-2007

Aizenman, Joshua - 2011

We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries, 99 countries, 1991-2007, extending Rajan-Zingales (1998). We utilize external finance dependence measures in a series of cross-sectional regressions of manufacturing...

Persistent link: https://www.econbiz.de/10013122429

Chinese Outwards Mercantilism – the Art and Practice of Bundling

Aizenman, Joshua - 2015

The Global Financial Crisis (GFC) brought to the fore the limits of the Chinese export led-growth strategy and the need … its success in manufacturing exports, natural resource imports and RMB internationalization. Using micro-level project … data and macroeconomic covariates, we find positive association of Chinese trade and financial flows with China's outward …

Persistent link: https://www.econbiz.de/10013024505