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Capitalizing China
Fan, Joseph P. H. - 2011
Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement...
Persistent link: https://www.econbiz.de/10013117212
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Informal Taxation
Olken, Benjamin A. - 2010
Informal payments are a frequently overlooked source of local public finance in developing countries. We use microdata …
Persistent link: https://www.econbiz.de/10013151392
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How is Tax Policy Conducted Over the Business Cycle?
Vegh, Carlos A. - 2012
It is well known by now that government spending has typically been procyclical in developing economies but acyclical or countercyclical in industrial countries. Little, if any, is known, however, about the cyclical behavior of tax rates (as opposed to tax revenues, which are endogenous to the...
Persistent link: https://www.econbiz.de/10013112409
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Volatility and the Investment Response
Aizenman, Joshua - 2008
We use the World Bank decomposition of aggregate investment shares into their private and public components to test for … the correlation between volatility and investment in a set of developing countries. We uncover a statistically significant … negative correlation between various volatility measures and private investment, even when adding the standard control …
Persistent link: https://www.econbiz.de/10012774961
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Capital Flows to Developing Countries : The Allocation Puzzle
Gourinchas, Pierre-Olivier - 2010
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012759694
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Capital Account Liberalization : Theory, Evidence, and Speculation
Henry, Peter Blair - 2010
has significant effects on the cost of capital, investment, and economic growth …
Persistent link: https://www.econbiz.de/10012760534
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Volatility, Investment and Disappointment Aversion
Aizenman, Joshua - 2010
This study uncovers a statistically significant negative correlation between volatility and private investment over the … number of different measures, volatility reduces private investment in developing countries. We then show that the …
Persistent link: https://www.econbiz.de/10012763700
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International Capital Mobility in Developing Countries vs. Industrial Countries : What Do Saving-Investment Correlations Tell Us?
Frankel, Jeffrey A.; Dooley, Michael P.; Mathieson, … - 2021
The finding of Feldstein and Horioka (1980) that countriesf investment rates are highly correlated with their national … and investment in a sample that includes not only 14 industrialized countries, but also 50 developing countries. The paper … developing countries, and higher after 1973 than before. Our interpretation of the saving-investment evidence is that the …
Persistent link: https://www.econbiz.de/10013217624
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Sources for Financing Domestic Capital -- is Foreign Saving a Viable Option for Developing Countries?
Aizenman, Joshua; Pinto, Brian; Radziwill, Artur - 2021
This paper proposes a new method for measuring the degree to which the domestic capital stock is self-financed. The main idea is to use the national accounts to construct a self-financing ratio, indicating what would have been the autarky stock of tangible capital supported by actual past...
Persistent link: https://www.econbiz.de/10013219723
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Trade, Investment, and Growth : Nexus, Analysis, and Prognosis
Krishna, Kala; Swanson, Norman R.; Ozyildirim, Ataman - 2021
This paper looks at the patterns of causation between income, export, import, and investment growth for 25 developing …
Persistent link: https://www.econbiz.de/10013235872