Showing 1 - 10 of 10
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/10009270034
, though most crossborder deals are still either to or from the US. China has emerged as the dominant net importer, followed by …
Persistent link: https://www.econbiz.de/10003782436
This paper investigates the factors explaining exchange market pressures (EMP) and the hoarding and use of international reserves (IR) by emerging markets during the 2000s, as the Great Moderation turned to the 2008-9 global crisis and great recession. According to our results, both financial...
Persistent link: https://www.econbiz.de/10008688979
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and shortterm debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international...
Persistent link: https://www.econbiz.de/10009316233
The purpose of this paper is to investigate the intertemporal linkages between FDI and disaggregated measures of international trade. We outline a model exemplifying some of these linkages, describe several methods for investigating two-way feedbacks between various categories of trade, and...
Persistent link: https://www.econbiz.de/10011520388
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/10009270029
than 4/5 of the variation. We apply the regression results to assess China’s current account over the next six years …
Persistent link: https://www.econbiz.de/10003782441
In this paper we evaluate the current account patterns of China and Germany. We point out that China's current account … of China, has mostly been characterized by sizable surpluses. We further find that both China and Germany's current … current account trends in future decades. Demographic transitions in China and Germany are projected to reduce their surpluses …
Persistent link: https://www.econbiz.de/10008688988
globalization. In this paper we study the Trilemma choices of the two key drivers of global growth, China and India. We overview and … contrast the policy choices of the two, and test their Trilemma choices and tradeoffs. China’s Trilemma configurations are … that the segmentation of the domestic capital market in China, its array of capital controls and the large hoarding of …
Persistent link: https://www.econbiz.de/10009349229
added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition … associated with the economic reforms in China is estimated applying a curvilinear logistic function, where the speed and the …
Persistent link: https://www.econbiz.de/10003921445