Showing 1 - 10 of 4,949
A high share of foreign currency denomination of domestic public debt in rules out any recourse to inflation tax as an effective adjustment device. Anti- inflation policies based upon hard peg regimes may remove the exchange rate risk in the short run but - as pointed out by Argentina’s...
Persistent link: https://www.econbiz.de/10005087106
that large and volatile short-term flows may be growth inhibiting for emerging markets. This is not the case though for … rich countries, where short-term capital flows have no effect on growth. The results in this study indicate that opening up …
Persistent link: https://www.econbiz.de/10005190651
uncertainty on capital inflows generates long-term growth while the deterministic counterpart does not: long-term growth is … entirely driven by precautionary savings, and the asymptotic growth rate of the expected capital stock is increasing in both …
Persistent link: https://www.econbiz.de/10010743702
a macro-oriented approach and shows that while large and volatile short-term flows have no effect on growth for rich … countries, they are growth inhibiting for emerging markets. These results are robust to a large variety of estimation methods …
Persistent link: https://www.econbiz.de/10005523491
We explore the effect of foreign direct investment (FDI) on economic growth in developing countries, distinguishing … with respect to their influence on growth. While Greenfield FDI substantially enhances growth, M&As have no effect, at best … rate. The resulting loss in price competitiveness may explain the poor growth effect of the M&A variant of FDI. …
Persistent link: https://www.econbiz.de/10010305594
Cross-country regressions suggest that urbanization and FDI are important drivers of growth. However, it is not clear … that primacy eventually hurts growth performance. Since it is tough to interpret cross-country growth regressions, we … growth and unbundling spatial lags matters. Robustness is verified by re-estimating our regressions with fixed effects and …
Persistent link: https://www.econbiz.de/10010276225
We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between … contribute to expanding the host country's capital stock. The model suggests that greenfield FDI has a stronger impact on growth … than M&A sales. This hypothesis is supported by our empirical results, which show that greenfield FDI enhances growth …
Persistent link: https://www.econbiz.de/10011430093
economic growth of CEMAC member countries, and on the other hand to examine the role of institutions in the transmission of … 2015 oil crisis. Finding: From our findings, mineral rent has a positive and significant effects on economic growth … of governance do not play a role in the transmission of the positive effects of mineral rent on economic growth. Research …
Persistent link: https://www.econbiz.de/10012622978
physical capital to study the interaction of international capital flows and growth. Analytically, we study conditions under … long-term growth via the accumulation of human capital. Our mechanism shows how a small initial difference in the level of …
Persistent link: https://www.econbiz.de/10012745132
This paper contributes to the literature on foreign direct investment (FDI) and economic growth in two main ways. First …, we examine the effect of FDI on economic growth for 44 developing countries over the period 1970 to 2005 using … studies, we find that FDI has, on average, a negative effect on growth in developing countries, but that there are large cross …
Persistent link: https://www.econbiz.de/10010286643