This paper examines the effects of capital controls on the composition of international capital flows, paying particular attention to debt inflows versus equity inflows. A two-period small open economy model with stochastic second-period output and asymmetric information between domestic agents...

We examine the impacts of both domestic and international financial market development on R&D intensities in 22 manufacturing industries in 18 OECD countries for the period 1990-2003. We take account of such industry characteristics as the need for external financing and the amount of tangible...

In choosing where to invest, firms seek out information on a set of possible locations. Information asymmetries may be more extreme internationally than domestically, making country visibility particularly important in decisions to locate investment abroad. We develop a country visibility index...