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We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989–95 in terms of pretransitional product trade orientation. The growth of EU-oriented output within sectors of industry, ex-post trade, and market liberalization, is modeled as foreign direct investment induced...
Persistent link: https://www.econbiz.de/10014403410
Since the beginning of the 1990s, foreign direct investment (FDI) in developing countries has increased dramatically …. The distribution of FDI flows across these countries, however, is highly uneven; only a small number attract comparatively … large amounts of foreign capital. This paper investigates whether the pattern of FDI flows can be explained by the standard …
Persistent link: https://www.econbiz.de/10014403458
This paper summarizes recent arguments/findings on two aspects of foreign direct investment (FDI): its correlation with … economic growth and its determinants. The first part focuses on recent literature regarding positive spillovers from FDI while … the second deals with the determinants of FDI. The paper finds that while substantial support exists for positive …
Persistent link: https://www.econbiz.de/10014403606
The incentives for domestic investment in debtor countries are influenced by the terms of their external obligations and by the system of taxation utilized to provide government revenue for debt payments. It is well known that existing debt contracts could be altered to improve the incentives...
Persistent link: https://www.econbiz.de/10014396221
Capital flows to the nonindustrial countries share three striking characteristics. First, the bulk, of these flows was in the form of debt, not equity; second, the loans were mostly to, or guaranteed by, debtor governments; and third, these debts were largely bank loans, not bonds. This paper...
Persistent link: https://www.econbiz.de/10014396446
inflows of external income?the sum of remittances, FDI and general government transfers?from major oil-exporting economies …
Persistent link: https://www.econbiz.de/10014397098
This paper reviews recent developments in private market financing for developing countries. Bank creditors themselves have been more amenable to restructuring in an environment where secondary market discounts on bank claims were falling significantly below the level of bank provisioning. This...
Persistent link: https://www.econbiz.de/10014397187
We test the effect of foreign direct investment (FDI) on economic growth in a cross-country regression framework …, utilizing data on FDI flows from industrial countries to 69 developing countries over the last two decades. Our results suggest … that FDI is an important vehicle for the transfer of technology, contributing relatively more to growth than domestic …
Persistent link: https://www.econbiz.de/10014397552
This study surveys recent trends in private market financing for developing countries. In addition to examining developments in flows to developing countries through banking and securites markets, it analyzes the institutional and regulatory framework for developing country finance,...
Persistent link: https://www.econbiz.de/10014399282
the sectoral composition of FDI. It shows that FDI in the tradable sectors leads to an improvement of the external balance … labor force are more likely to receive more FDI in the tradable sectors …
Persistent link: https://www.econbiz.de/10014399355