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We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … negatively associated with growth during the mid 1990s. The magnitudes of the negative effect of surges in portfolio debt inflows …
Persistent link: https://www.econbiz.de/10009270034
Persistent link: https://www.econbiz.de/10009237002
, portfolio investment, equity investment, and shortterm debt. We follow about 100 countries during 1990-2010 when emerging …. Finally, the relationship between growth and short-term debt is nil before the crisis, and negative during the crisis …. -- Capital flows ; economic growth ; FDI ; portfolio investment ; equity investment ; short-term debt ; financial integration …
Persistent link: https://www.econbiz.de/10009316233
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … negatively associated with growth during the mid 1990s. The magnitudes of the negative effect of surges in portfolio debt inflows …
Persistent link: https://www.econbiz.de/10013122429
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … negatively associated with growth during the mid 1990s. The magnitudes of the negative effect of surges in portfolio debt inflows …
Persistent link: https://www.econbiz.de/10012461431
We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...
Persistent link: https://www.econbiz.de/10009376718
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and … probability. Higher stock of short term external debt has been associated with a substantial negative effect on the probability of … a takeoff, and the effect of the short terms debt overhang is largest for Latin American countries. Yet, virtually all …
Persistent link: https://www.econbiz.de/10009270029
inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and … probability. Higher stock of short term external debt has been associated with a substantial negative effect on the probability of … a takeoff, and the effect of the short terms debt overhang is largest for Latin American countries. Yet, virtually all …
Persistent link: https://www.econbiz.de/10009272046
We propose a multi-country dynamic general equilibrium model to quantify the implications of trade and FDI liberalizations for the surge of global trade and current account (CA) imbalances. We calibrate our model to replicate the evolution of bilateral trade and FDI flows across 5 major...
Persistent link: https://www.econbiz.de/10012840844