Showing 1 - 10 of 1,095
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
specialized in the source country. Consequently, FDI investors would make investment, both larger, and of higher quality (namely … the domestic investment and output growth regressions relative to the portfolio equity flow and international loan … coefficients, reflect a more significant role for FDI in the domestic investment process than other types of capital inflows …
Persistent link: https://www.econbiz.de/10012762983
Since 1950, the economies of East Asia grew rapidly but received little inter-national capital, while Latin America received considerable international capitaleven as their economies stagnated. The literature typically explains the failureof capital to flow to high growth regions as resulting...
Persistent link: https://www.econbiz.de/10013011451
Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio … stakeholders. We emphasize the crucial role played by FDI in sustaining equity-financed capital investment for economies plagued by …
Persistent link: https://www.econbiz.de/10012752887
motivates rebel violence? Panel data on political violence in the Philippines distinguish government from rebel attacks, which … we link to private investment across 70 provinces. To formally explore these data we expand an established theory of … asymmetric substate conflict –the “information-centric” model, adding firms, investment, taxation and predation (i …
Persistent link: https://www.econbiz.de/10013100685
This paper explores the relationship between investment and political violence through several possible mechanisms …. Investment as a predictor of future violence implies that low private sector investment today provides a robust indicator of high … violence tomorrow. "Rent-capture" or predation asserts that investment increases violence by motivating extortion by insurgents …
Persistent link: https://www.econbiz.de/10013078310
technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from …
Persistent link: https://www.econbiz.de/10013118689
investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …
Persistent link: https://www.econbiz.de/10013150253
features of the world at present are the low rates of investment and growth in some of the richest countries, whose surpluses … account for about half of the US deficit. The result is that financial capital is flowing out of countries with low investment …
Persistent link: https://www.econbiz.de/10013153986
Despite enormous growth in international capital flows, capital-output ratios continue to exhibit substantial heterogeneity across countries. We explore the possibility that taxes, particularly corporate taxes, are a significant source of this heterogeneity. The evidence is mixed. Tax rates...
Persistent link: https://www.econbiz.de/10012775558