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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
The paper reviewed national industrialization as a long-term strategy of mining development in the Philippines. The end … purpose was to suggest immediate actions that can be undertaken for the promotion of national industrialization. The paper … pursue the national industrialization strategy is poor. The following studies therefore were suggested: a) value chain …
Persistent link: https://www.econbiz.de/10011421184
unconditional convergence on the leaders long before the modern BRICS and even before the Asian Tigers. The Philippines was very …, way above that achieved by the industrial leaders. Indeed, the Philippines was the third Asian country to enter the 5 …% industrial growth club: Japan 1899, China 1900, the Philippines 1913, Taiwan 1914, Korea 1921, and India 1929. The Philippines …
Persistent link: https://www.econbiz.de/10010333519
typically linked to industrialization enhance the attractiveness of a location and result to population increases. The inverse … seek better forts. Iligan City experienced rapid urbanization for almost five decades due to industrialization. However …
Persistent link: https://www.econbiz.de/10011429786
The experience of the Philippines shows that FDI spillover effects are not automatically generated. Opening up the …
Persistent link: https://www.econbiz.de/10011421197
the first set of factors relate to the home country. A survey of firms operating in the Philippines was conducted to … determine which factors are deemed important and areas where the Philippines is deemed inadequate. The findings have important … encourage firms to locate in the Philippines are: (i) good quality of education; and (ii) protection of intellectual property …
Persistent link: https://www.econbiz.de/10011421178
investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …
Persistent link: https://www.econbiz.de/10011604919
The industrialization process of a country is often plagued by a failure to coordinate investment decisions. Using the …
Persistent link: https://www.econbiz.de/10010261419
investment (FDI), portfolio investment, and other investment (bank loans) flows. Inflows and outflows are also treated separately … on the RER. Portfolio investment and other investment (including bank loans) bring in a faster RER appreciation than FDI … acquisition activities in FDI makes the flows behave closer to other forms of capital flows, especially portfolio investment. The …
Persistent link: https://www.econbiz.de/10010507296
emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment … not find that this reduction in net worth translates into a drop in investment. …
Persistent link: https://www.econbiz.de/10010327059