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High Growth and Low Consumption in East Asia; How to Improve Welfare While Avoiding Financial Failures

Rochon, Céline; Feltenstein, Andrew; Shamloo, Maral - International Monetary Fund (IMF) - 2007

, loosely based upon China. We calibrate a benchmark equilibrium, and carry out various counterfactual simulations to analyze …

Persistent link: https://www.econbiz.de/10005825678

The Rise of Foreign Investment in China's Banks; Taking Stock

Leigh, Lamin; Podpiera, Richard - International Monetary Fund (IMF) - 2006

The recent wave of foreign investment in China's banks and the prospects of further opening of the banking sector under … the WTO agreement suggest that foreign banks are likely to play an increasingly important role in China. This paper takes … investments in China's banks have been minority shareholdings with very limited management involvement. The paper concludes that …

Persistent link: https://www.econbiz.de/10005825702

Foreign Direct Investment and Regional Trade Agreements; The Market Size Effect Revisited

Jaumotte, Florence - International Monetary Fund (IMF) - 2004

The paper investigates whether the market size of a regional trade agreement (RTA) is a determinant of foreign direct investment (FDI) received by countries participating in the RTA. This hypothesis is tested on a sample of 71 developing countries during the period 1980-99. Evidence is found...

Persistent link: https://www.econbiz.de/10005825720

A Real Model of Transitional Growth and Competitiveness in China

Lipschitz, Leslie; Verdier, Geneviève; Rochon, Céline - International Monetary Fund (IMF) - 2008

We present a stylized real model of the Chinese economy with the objective of explaining two features: (1) domestic production is highly competitive in the sense that an accumulation of capital that raises the marginal product of labor elicits increases in employment and output rather than only...

Persistent link: https://www.econbiz.de/10005825815

Institutions and the External Capital Structure of Countries

Mauro, Paolo; Faria, André - International Monetary Fund (IMF) - 2004

A widespread view holds that countries that finance themselves through foreign direct investment (FDI) and portfolio equity, rather than bonds and loans, are less prone to crises. But what determines countries' external capital structures? In a cross section of emerging markets and developing...

Persistent link: https://www.econbiz.de/10005825936

Foreign Direct Investment and Structural Reforms; Evidence From Eastern Europe and Latin America

Kinoshita, Yuko; Campos, Nauro F. - International Monetary Fund (IMF) - 2008

This paper investigates the role of structural reforms -financial reforms, trade liberalization, and privatization- as determinants of FDI inflows based on newly constructed dataset on structural reforms for 19 Latin American and 25 Eastern European countries between 1989 and 2004. Our main...

Persistent link: https://www.econbiz.de/10005826274

Tax Concessions and Foreign Direct Investmentin the Eastern Caribbean Currency Union

Chai, Jingqing; Goyal, Rishi - International Monetary Fund (IMF) - 2008

Tax concessions have been employed as a central component of the development strategy in the small island states comprising the Eastern Caribbean Currency Union. This paper compares the costs of concessions in terms of revenues forgone with the benefits in terms of increased foreign direct...

Persistent link: https://www.econbiz.de/10005826331

What Moves Capital to Transition Economies?

Mora, Nada; Sahay, Ratna; Zettelmeyer, Jeromin; … - International Monetary Fund (IMF) - 2002

Between 1991 and 1999, capital flows to 25 transition economies in Europe and the former Soviet Union differed widely in terms of overall levels and the share and composition of private flows. With some exceptions (notably Russia), the main form of private inflows was foreign direct investment....

Persistent link: https://www.econbiz.de/10005826507

The Composition of Capital Flows; Is South Africa Different?

Funke, Norbert; Ahmed, Faisal; Arezki, Rabah - International Monetary Fund (IMF) - 2005

Over the past decade, South Africa has attracted relatively little foreign direct investment (FDI), but considerable amounts of portfolio inflows. In this context, the objective of the paper is twofold: to identify the determinants of the level and composition of capital flows to emerging...

Persistent link: https://www.econbiz.de/10005826511

The External Wealth of Nations Mark II; Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004

Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2006

We construct estimates of external assets and liabilities for 145 countries for the period 1970-2004. We describe our estimation methods and present key features of the data at the country and the global level. We focus on trends in net and gross external positions, and the composition of...

Persistent link: https://www.econbiz.de/10005826601