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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/10012457061

When Does Capital Account Liberalization Help More than It Hurts?

Arteta, Carlos - 2001

In this paper we reconsider the evidence on capital account liberalization and growth. While we find indications of a positive association, the effects vary with time, with how capital account liberalization is measured, and with how the relationship is estimated. The evidence that the effects...

Persistent link: https://www.econbiz.de/10012470268

Latin America and Foreign Capital in the Twentieth Century : Economics, Politics, and Institutional Change

Taylor, Alan M. - 1999

Latin America began the twentieth century as a relatively poor region on the periphery of the world economy. One cause of a low level of income per person was capital scarcity. Long run growth via capital deepening requires either the mobilization of domestic capital through savings, or large...

Persistent link: https://www.econbiz.de/10012471391

How Does Foreign Direct Investment Affect Economic Growth?

Borensztein, Eduardo - 1995

We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. Our results suggest that FDI is an important vehicle for the transfer of...

Persistent link: https://www.econbiz.de/10012473832

Unintended Consequences of Eliminating Tax Havens

Suárez Serrato, Juan Carlos - 2018

We show that eliminating firms' access to tax havens has unintended consequences for economic growth. We analyze a policy change that limited profit shifting for US multinationals, and show that the reform raised the effective cost of investing in the US. Exposed firms respond by reducing global...

Persistent link: https://www.econbiz.de/10012452871

Does Openness to International Financial Flows Raise Productivity Growth?

Kose, M. Ayhan - 2008

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/10012464090

Foreign Capital and Economic Growth

Prasad, Eswar S. - 2007

We document the recent phenomenon of "uphill" 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 current...

Persistent link: https://www.econbiz.de/10012465020

Foreign Capital and Economic Growth in the First Era of Globalization

Bordo, Michael D. - 2007

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/10012465070

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

Blonigen, Bruce - 2007

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/10012465274

Measuring the Impacts of FDI in Central and Eastern Europe

Lipsey, Robert E. - 2006

The impacts of inward FDI on host countries are frequently studied using balance-of-payments based measures of flows and stocks. These are unreliable for the purpose because, while theories of the effects of investment are based on FDI production and employment in the host country, these...

Persistent link: https://www.econbiz.de/10012465851

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