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Persistent link: https://www.econbiz.de/10010495775
The textbook neoclassical growth model predicts that countries with faster productivity growth should invest more and attract more foreign capital. We show that the allocation of capital flows across developing countries is the opposite of this prediction: capital does not flow more to countries...
Persistent link: https://www.econbiz.de/10013134155
stock markets (Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam) with four international stock markets (US … findings of integration/segmentation and interaction channels, the paper recommends investors to diversify their investment …
Persistent link: https://www.econbiz.de/10013089379
The purpose of this paper is to test the dependency of domestic investment on domestic saving in the Feldstein …-Horioka spirit. Our innovation is to use a de nition of investment that does not include foreign direct investment. We do so since … related to domestic saving in a meaningful way. Once we adopt, as the dependent variable, pure domestic investment the result …
Persistent link: https://www.econbiz.de/10012779916
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
According to the consensus view in growth and development economics, cross country differences in per-capita income largely reflect differences in countries' total factor productivity. We argue that this view has powerful implications for patterns of capital flows: everything else equal,...
Persistent link: https://www.econbiz.de/10012759694
specialized in the source country. Consequently, FDI investors would make investment, both larger, and of higher quality (namely … the domestic investment and output growth regressions relative to the portfolio equity flow and international loan … coefficients, reflect a more significant role for FDI in the domestic investment process than other types of capital inflows …
Persistent link: https://www.econbiz.de/10012762983
Persistent link: https://www.econbiz.de/10012874459
This article analyzes the historical patterns of foreign investment in Latin America and the recent Mexican financial … crisis in order to examine the appropriate form of foreign investment in developing countries. It argues that these nations … should increase foreign investment flows into their economies by focusing on encouraging relational investments. Relational …
Persistent link: https://www.econbiz.de/10012976243
Since 1950, the economies of East Asia grew rapidly but received little inter-national capital, while Latin America received considerable international capitaleven as their economies stagnated. The literature typically explains the failureof capital to flow to high growth regions as resulting...
Persistent link: https://www.econbiz.de/10013011451