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Fiscal Deficits, Exchange Rate Crises and Inflation
van Wijnbergen, Sweder - 1987
The analysis focuses on the government budget constraint and the resolution of inconsistent implications of different policy instruments under that constraint. We show how, under floating exchange rates, external shocks or internal structural reforms may cause jumps in inflation and the exchange...
Persistent link: https://www.econbiz.de/10012476939
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International Capital Mobility in Developing Countries vs. Industrial Countries : What do Saving-Investment Correlations Tell Us?
Frankel, Jeffrey A. - 1986
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/10012477026
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Long-run Returns to Impact Investing in Emerging Markets and Developing Economies
Cole, Shawn - 2020
environmental returns. Examination of every equity investment made by the International Finance Corporation, one of the largest and … markets, and a core thesis of impact investing that some eligible markets do not receive sufficient investment capital …
Persistent link: https://www.econbiz.de/10012481174
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Capital Flows to Developing Countries : The Allocation Puzzle
Gourinchas, Pierre-Olivier - 2007
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/10012465044
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Capital Account Liberalization : Theory, Evidence, and Speculation
Henry, Peter Blair - 2006
has significant effects on the cost of capital, investment, and economic growth …
Persistent link: https://www.econbiz.de/10012465962
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Sources for Financing Domestic Capital -- Is Foreign Saving a Viable Option for Developing Countries?
Aizenman, Joshua - 2004
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/10012468068
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Capital Account Liberalization : Allocative Efficiency or Animal Spirits?
Chari, Anusha - 2002
investment opportunities drive the cross-sectional variation in the post-liberalization investment increases …
Persistent link: https://www.econbiz.de/10012469806
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Trade, Investment, and Growth : Nexus, Analysis, and Prognosis
Krishna, Kala - 1998
This paper looks at the patterns of causation between income, export, import, and investment growth for 25 developing …
Persistent link: https://www.econbiz.de/10012471951
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Volatility and the Investment Response
Aizenman, Joshua - 1996
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/10012472987
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Volatility, Investment and Disappointment Aversion
Aizenman, Joshua - 1995
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/10012473481