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This paper studies the behavior of investment during demographic transitions. In particular, I focus on the period where the working age to population ratio reaches its maximum, namely the demographic window. I document that in Europe, Asia, and Oceania investment rates are higher 15 years...
Persistent link: https://www.econbiz.de/10012616387
This paper studies the behavior of investment during demographic transitions. In particular, I focus on the period where the working age to population ratio reaches its maximum, namely the demographic window. I document that in Europe, Asia, and Oceania investment rates are higher 15 years...
Persistent link: https://www.econbiz.de/10012167277
The paper analyzes Jamaica's experience of low growth despite consistently high investment. Cross-country analysis provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the specific channels through which high debt affects...
Persistent link: https://www.econbiz.de/10012778208
This paper studies the experience of Latin-America [LATAM] with inancial liberalization in the 1990s. The rush towards financial liberalizations in the early 1990s was associated with expectations that external financing would alleviate the scarcity of saving in LATAM, thereby increasing...
Persistent link: https://www.econbiz.de/10014067049
While China has been pivotal in discussions and academic research on global imbalances, little is known about macroeconomic external imbalances among Chinese regions and the factors driving them. We use aggregate regional data and estimate provincial total factor productivity growth over...
Persistent link: https://www.econbiz.de/10010402791
Recent evidence from developing and emerging economies shows a negative correlation between growth and net capital inflows, a contradiction to neoclassical growth theory. I provide updated and disaggregated evidence on the origins of this puzzle. An analysis of the components of capital flows...
Persistent link: https://www.econbiz.de/10011295656
The aim of this paper is to empirically investigate the relationship between FDI and domestic investment in a sample of … 10 Central and Eastern European countries over the period 1995-2015. We find FDI to lead to a creative destruction … phenomenon, with a short-term crowding out effect on domestic investment, followed by a long-term crowding in. Greenfield FDI …
Persistent link: https://www.econbiz.de/10012911047
The study covers several aspects of FDI in the country, ranging from FDI patterns and FDIdrivers to FDI relations …, institutional capital and human capital.In recent years, the FDI has increased so greatly that it has surpassed all other metrics … ofeconomic transactions. Countries are bidding for the highest levels of FDI, as they are thecheapest foreign funding. The FDI …
Persistent link: https://www.econbiz.de/10013219825
-differential effects of Foreign Direct Investment (FDI) and Domestic Investment (DI) among 41 selected African countries from 1970 to 2017 …. The result of Hausman test shows that PMG estimator is preferred. The study found that FDI and DI are important grease for … growth of African countries in the long-run. The study also found that inflows of FDI crowds-in DI in Africa and that there …
Persistent link: https://www.econbiz.de/10012178170
Standard open economy macro models with unemployment predict a contractionary short-run effect of international capital inflows. Empirical evidence, on the other hand, often associates such inflows with short-term booms, and developing country policy makers frequently go out of their way to...
Persistent link: https://www.econbiz.de/10012117674