Showing 1 - 10 of 1,892
Persistent link: https://www.econbiz.de/10012964373
Foreign direct investment inflows are positively related to economic growth across developing countries — but so are savings in excess of investment. This paper develops an explanation for these known empirical findings by focusing on the limited availability of consumer credit in developing...
Persistent link: https://www.econbiz.de/10012852135
Gourinchas and Jeanne (2006) explain that the gains from capital market integration are small because the natural convergence of economies would have "done the work" of integration if it had not occurred. We provide a simple illustration of this standard theoretical argument using the simplest...
Persistent link: https://www.econbiz.de/10012969385
We use loan-level data on syndicated lending to a large sample of developing countries between 1993and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controllingfor a large set of fixed effects. We find evidence of positive and significant direct and...
Persistent link: https://www.econbiz.de/10012889164
What makes developing countries attractive for foreign direct investment (FDI)? Labour regulations are believed to be one of the major factors determining the level of FDI inflows to the developing countries. In order to allure the foreign investors, countries try to weaken labour rights, so...
Persistent link: https://www.econbiz.de/10012917781
Foreign direct investment inflows are positively related to growth across developing countries - but so are savings in excess of investment. I develop an explanation for this well-established puzzle by focusing on the limited availability of consumer credit in developing countries together with...
Persistent link: https://www.econbiz.de/10011567685
This paper studies the marginal product of private capital (MPK) with new data and a new framework to obtain a better understanding of international capital allocations and the Lucas Paradox (LP). Our point of departure is three influential studies of MPK's and, based on the most recently...
Persistent link: https://www.econbiz.de/10012057304
This study outlines the features of financing investment development in Sub-Saharan African countries. Using the financial determinants of GDP, a model was developed based on the method of least squares employing data covering 2004-2018. It was revealed that a positive correlation exists between...
Persistent link: https://www.econbiz.de/10015394389
Persistent link: https://www.econbiz.de/10000626048
Literature notes many factors as affecting capital flows, but the effects of these flows over the recipient economies and the overall effect over growth are highly debatable. This study claims that although capital flows may be required for the increase in output, other forces are causing this...
Persistent link: https://www.econbiz.de/10014200026