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Labor migration: Macroeconomic and demographic outlook for Europe and neighbourhood regions
Borgy, Vladimir; Chojnicki, Xavier - 2008
. In order to do so, we rely on a multi-region world overlapping generations model (INGENUE2). The rich modeling framework … of this multi-regions model allows us to put into connection migration with the "triangular" relationship between … demographic and economic consequences of migration ows on both the regions receiving and losing migrants. Our analysis is based on …
Persistent link: https://www.econbiz.de/10011430802
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Financial Globalization and Inequality : Capital Flows as a Two-Edged Sword
Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa A; … - 2021
We review the debate on the association of financial globalization with inequality. We show that the within country distributional impact of capital account liberalization is context specific and that different types of flows have different distributional effects. Their overall impact depends on...
Persistent link: https://www.econbiz.de/10013250122
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Financial Globalization and Inequality : Capital Flows as a Two-Edged Sword
Eichengreen, Barry; Csonto, Balazs; ElGanainy, Asmaa A; … - 2021
We review the debate on the association of financial globalization with inequality. We show that the within-country distributional impact of capital account liberalization is context specific and that different types of flows have different distributional effects. Their overall impact depends on...
Persistent link: https://www.econbiz.de/10013243076
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Labor migration: macroeconomic and demographic outlook for Europe and neighbourhood regions
Borgy, Vladimir (contributor); Chojnicki, Xavier (contributor) - 2008
. In order to do so, we rely on a multi-region world overlapping generations model (INGENUE2). The rich modeling framework … of this multi-regions model allows us to put into connection migration with the "triangular" relationship between … demographic and economic consequences of migration ows on both the regions receiving and losing migrants. Our analysis is based on …
Persistent link: https://www.econbiz.de/10003719730
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Welfare implications of international financial integration
Lee, Jong-Wha; Shin, Kwanho - 2008
Focusing on technology spillover from foreign direct investment (FDI) inflows, this paper investigates the welfare implications of financial integration. Calibrations of a neoclassical growth model with international technology diffusion show that when technology catch-up due to FDI inflows is...
Persistent link: https://www.econbiz.de/10010529709
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When is FDI a capital flow?
Marin, Dalia; Schnitzer, Monika - 2006
In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow across countries. Frequently, foreign direct investment is financed in the host country without an international capital movement. We develop a model in which the optimal choice of...
Persistent link: https://www.econbiz.de/10010373495
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The Elusive Gains from International Financial Integration
Gourinchas, Pierre-Olivier - 2006
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...
Persistent link: https://www.econbiz.de/10012783191
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Financial globalization and the labor share in developing countries : the type of capital matters
Treeck, Katharina van; Wacker, K. M. - 2017
In this paper, we investigate how de facto financial globalization has influenced the labor share in developing countries. Our main argument is the need to distinguish between different types of capital in this context, as different forms of foreign investment have different fixed costs and...
Persistent link: https://www.econbiz.de/10011581740
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Pot the ball?: sovereign wealth funds' outward FDI in times of global financial market turbulence : a yield institutions-based view
Reddy, K. S. - In: Central Bank review / Central Bank of the Republic of Turkey 19 (2019) 4, pp. 129-139
Noticing the visible hand of state capitalism in global production and value chain system, this study examines the outward foreign direct investment strategy of sovereign wealth funds (SWFs). Leveraging theoretical insights from the conventional political economy and international business...
Persistent link: https://www.econbiz.de/10012138947
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International capital flows at the security level : evidence from the ECB's Asset Purchase Programme
Bergant, Katharina; Fidora, Michael; Schmitz, Martin - 2020
We analyse euro area investors' portfolio rebalancing during the ECB's Asset Purchase Pro- gramme at the security level. Based on net transactions of domestic and foreign securities, we observe euro area sectors' capital ows into individual securities, cleaned from valuation effects. Our...
Persistent link: https://www.econbiz.de/10012197845