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The empirical literature points the financial intermediation, measured by the level of credits relative to GDP in the economy, as one of the factors which affects the current account dynamics in a given country. This paper tries to estimate and then quantify the possible impact that household...
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them set up as Foreign Direct Investment (FDI). This industry offers a peculiar advantage as a laboratory for social … science when exploring cash-flow sensitivity: given time to build, investment decisions depend on the expectations of the long … considered Foreign Direct Investment in the Balance of Payments, at least in the short run, a significant fraction of it does not …
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This paper shows that the assumption of elastic fertility choices represents an unconsidered way of introducing nondegenerate dynamics within an immortal small open economy, facing perfect capital mobility and no adjustment costs associated with capital accumulation, and having a fixed discount...
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This paper explores the qualitative and quantitative implications of taxation for growth and savings in three Latin …
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investment was financed via private capital inflows. That said, foreign savings are not a good substitute for domestic savings … concludes that financing growth and investment out of foreign savings, while not impossible, is risky. …A surprisingly large number of countries have been able to finance a significant fraction of domestic investment using …
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