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The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide

Acemoglu, Daron - 2015

following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … deepening in Turkish democracy under the prodding and the guidance of the European Union, and witnessed the waning of the … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …

Persistent link: https://www.econbiz.de/10013014300

Why Have Economic Reforms in Mexico Not Generated Growth?

Kehoe, Timothy J. - 2010

Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...

Persistent link: https://www.econbiz.de/10013135399

The Contribution of Chinese FDI to Africa's Pre Crisis Growth Surge

Weisbrod, Aaron - 2011

In the 3 years before the 2008 Financial Crisis, GDP growth in sub Saharan Africa (averaged over individual economies) was around 6%, or 2 percentage points above mean growth rates for the preceding 10 years. This period also coincided with significant Chinese FDI flows into these countries,...

Persistent link: https://www.econbiz.de/10013119043

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

Does Openness to International Financial Flows Raise Productivity Growth?

Kose, M. Ayhan - 2010

Economic theory has identified a number of channels through which openness to international financial flows could raise productivity growth. However, while there is a vast empirical literature analyzing the impact of financial openness on output growth, far less attention has been paid to its...

Persistent link: https://www.econbiz.de/10012758028

Foreign Capital and Economic Growth

Prasad, Eswar S. - 2010

We document the recent phenomenon of quot;uphillquot; flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between...

Persistent link: https://www.econbiz.de/10012759675

Foreign Capital and Economic Growth in the First Era of Globalization

Bordo, Michael D. - 2010

We explore the association between income and international capital flows between 1880 and 1913. Capital inflows are associated with higher incomes per capita in the long-run, but capital flows also brought income volatility via financial crises. Crises also decreased growth rates of income per...

Persistent link: https://www.econbiz.de/10012759714

Please Pass the Catch-Up the Relative Performance of Chinese and Foreign Firms in Chinese Exports

Blonigen, Bruce A. - 2010

Foreign-invested enterprises (FIEs) account for well over half of all Chinese exports and this share continues to grow. While the substantial presence of FIEs has contributed greatly to the recent export-led growth of China, an important objective of the Chinese government is to ultimately...

Persistent link: https://www.econbiz.de/10012759861

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