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Adam Smith's answer to the Feldstein-Horioka paradox: The invisible hand revisited
Yasutomi, Ayumu; Horioka, Charles Yuji - 2010
In this paper, we show that Adam Smith pointed out the existence of the Feldstein-Horioka Paradox or Puzzle and even gave an explanation for it more than 200 years before the publication of Feldstein and Horioka (1980). Smith argues that it is the pursuit of their own security that leads owners...
Persistent link: https://www.econbiz.de/10010332269
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The Feldstein-Horioka fact
Giannone, Domenico; Lenza, Michele - 2008
This paper shows that general equilibrium effects can partly rationalize the high correlation between saving and investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving-retention coefficient remains high in the 70’s but decreases...
Persistent link: https://www.econbiz.de/10011604919
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Capital Flows and Real Exchange Rates in Emerging Asian Countries
Jongwanich, Juthathip - 2010
This paper examines the nexus between capital flows and real exchange rate (RER) in emerging Asian countries using a dynamic panel-data model for 2000–2009. In contrast to previous studies, capital flows here are separated into foreign direct investment (FDI), portfolio investment, and other...
Persistent link: https://www.econbiz.de/10010507296
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The pecking order of cross-border investment
Daude, Christian; Fratzscher, Marcel - 2006
Is there a pecking order of cross-border investment in that countries become financially integrated primarily through some types of investment rather than others? Using a novel database of bilateral capital stocks for all types of investment – FDI, portfolio equity securities, debt securities...
Persistent link: https://www.econbiz.de/10011604636
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Domestic and Foreign Investment by Swedish Multinationals
Svensson, Roger - 1993
Persistent link: https://www.econbiz.de/10010334900
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FDI Outflows and Domestic Investment: Substitutes or Complements? Exploring the Indian Experience Nandita
Dasgupta, Nandita - 2016
The recent phenomenon of rising outward foreign direct investment (OFDI) flows has raised serious policy concerns about its effects on the domestic investment and capital formation in the countries of origin of such FDI flows. Does OFDI stimulate domestic investment or does it crowd it out? The...
Persistent link: https://www.econbiz.de/10012142458
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Japan's Foreign Direct Investment Experiences in India: Lessons Learnt from Firm Level Surveys
Choudhury, Srabani Roy - 2009
direct investment. However, response from Japan has been rather subdued. This paper attempts to gain some insight into this …
Persistent link: https://www.econbiz.de/10011807649
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Philippines-Japan Free Trade Agreement: Analyzing Its Potential Impact Using a Computable General Equilibrium Model
Yasutake, Taeko - 2004
This study analyzes the potential impact of the Philippines-Japan Free Trade Agreement (FTA) on the Philippine economy … in case of the Philippines' discriminately unilateral tariff reduction on import from Japan using a computable general … tariff rates on imports from Japan would expand the Philippines' import from Japan and in total by 2.36-8.58 and 0 …
Persistent link: https://www.econbiz.de/10011429783
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Capital malleability and the macroeconomic costs of climate policy
Lanzi, Elisa; Sue Wing, Ian - 2010
This paper argues for introducing the role of capital malleability into the analysis of environmental policies. The issue is explored by means of a theoretical model, a numerical analysis and a computable general equilibrium (CGE) model. Considering the three approaches together is fundamental...
Persistent link: https://www.econbiz.de/10010272461