Showing 81 - 90 of 118,041
The aim of this study was to ascertain the growth effects of capital inflows using investment as a transmission channel … research output also showed that domestic investment has a positive and significant effect on Nigerian economic growth. From … the findings of the study, it is concluded that capital inflow and domestic investment has positively contributed to the …
Persistent link: https://www.econbiz.de/10012889415
domestic investment. In this partial adjustment setup, capital flows can have contemporaneous and long-term effects on … investment. For countries with less developed financial markets and weaker institutions, our estimates for the FDI coefficient … are larger than one, suggesting FDI stimulates investment in other sectors of the economy (spillover effects). Over the …
Persistent link: https://www.econbiz.de/10013316593
Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings-investment correlation and a volume of capital flows close …
Persistent link: https://www.econbiz.de/10014199729
How to manage capital inflows remains an important policy issue for many emerging market economies. This paper presents a brief survey of the literature on managing capital inflows, with a focus on developing and emerging market economies. The paper, after discussing the economic characteristics...
Persistent link: https://www.econbiz.de/10003719200
in the medium term. -- Economic Development ; International Investment ; Current Account Adjustment ;International Policy …
Persistent link: https://www.econbiz.de/10003727278
Over the recent period, many emerging-market economies and commodity-exporting nations have experienced unprecedented growth and accumulated substantial amounts of foreign exchange reserves. The management of these foreign reserves has led to the emergence of important financial actors:...
Persistent link: https://www.econbiz.de/10003775786
In this paper we study the interactions and feedbacks between three categories of net capital flows and growth in the Turkish economy for the 1992:01-2009:01 period using frequency domain techniques. Our main spectral analysis tool is a new version of the causality test of Geweke (1982) and...
Persistent link: https://www.econbiz.de/10003834280
Legal restrictions on international capital movements are imposed in many countries in an attempt to (partially) insulate their economies from abroad and pursue some degree of domestic policy independence. But is the imposition of capital controls effective in achieving these goals? We...
Persistent link: https://www.econbiz.de/10003854622
This paper presents a new measure of international gross capital flows and applies it to a global panel from 1970 to 2004. We explain why paying attention to the gross flows underlying net capital flows may be important and how our gross flow measure differs from the standard measure in the...
Persistent link: https://www.econbiz.de/10003854757
This paper investigates the factors explaining exchange market pressures (EMP) and the hoarding and use of international reserves (IR) by emerging markets during the 2000s, as the Great Moderation turned to the 2008-9 global crisis and great recession. According to our results, both financial...
Persistent link: https://www.econbiz.de/10008688979