This paper analyses the evolution of India's FDI position during the post-independence period in comparison with government policy and levels of industrialization and development. Since independence, India has pursued a strategy of industrialization with active governmental intervention....

We analyze capital flows to emerging markets in a framework that incorporates two quantitative measures of financial integration, the intensity of capital controls and the extent of cross border listings, while controlling for traditional global (push) and country specific (pull) factors. Two...

This paper explores the ability of portfolio and foreign direct investment flows to track movements in the euro and the yen against the dollar. Net portfolio flows from the euro area into U.S. stocks—possibly reflecting differences in expected productivity growth—track movements in the euro...

We present a readily available monthly measure of the intensity of capital controls across 29 emerging market countries that is based on the degree of restrictions on foreign ownership of equities. The initial opening of a market as given by our measure corresponds well with the liberalization...

This paper discusses different forms of international inter-firm linkages for transfer of technology, capital and other resources, e.g. foreign direct investment, licensing and other contractual modes, strategic alliances and internationalization of developing country enterprises. The paper...

Flows of foreign direct investment (FDI) are increasingly being seen as a very important channel for the transfer of technology, capital and entrepreneurship. Developing countries compete vigorously among themselves to attract greater volumes of FDI with a variety of policy instruments. This...

FDI flows originating in developing countries have evolved in terms of increasing magnitudes as well as in terms of their motivations. In the initial round, developing country FDI were essentially horizontal in nature, generally destined to other developing countries seeking markets. Using case...