Search Results - subject:"FOREIGN CAPITAL"

Can Regional Cross-Listings Accelerate Stock Market Development? Empirical Evidence From Sub-Saharan Africa

International Monetary Fund (IMF); International … - 2008

This study analyzes the impact of regional cross-listing of stocks on the depth of the stock markets in sub-Saharan Africa (SSA). It analyzes data from 1990 to 2007 for a panel of 13 stock markets in SSA countries, only some of which have regional cross-listings. Using event study methodology,...

Persistent link: https://www.econbiz.de/10005769177

Financial globalization, convergence and growth

Neto, Delfim Gomes; Veiga, Francisco José - Núcleo de Investigação em Políticas Económicas … - 2008

We provide evidence that the composition of foreign capital, measured by the ratio foreign direct investment over total ….erent measures of the composition of foreign capital, restricted time period, developing countries, and alternative explanations of … paper, in which the composition of foreign capital a.ects the transition dynamics through a positive e.ect on the speed of …

Persistent link: https://www.econbiz.de/10005771648

International Factor Mobility, Skills Formation and Welfare

Chaudhuri, Sarbajit - Volkswirtschaftliche Fakultät, … - 2008

The paper examines the welfare consequences of an inflow of foreign capital and an emigration of skilled labour in a … imperfection in the market for unskilled labour. It finds that both foreign capital and emigration of skilled labour may be welfare …

Persistent link: https://www.econbiz.de/10005619719

Financial Instruments to Hedge Commodity Price Risk for Developing Countries

Lu, Yinqiu; Neftci, Salih N. - International Monetary Fund (IMF) - 2008

Many developing economies are heavily exposed to commodity markets, leaving them vulnerable to the vagaries of international commodity prices. This paper examines the use of commodity options-including plain vanilla, risk reversal, and barrier options-to hedge such risk. It then proposes the use...

Persistent link: https://www.econbiz.de/10005604862

Welfare Gains of Aid Indexation in Small Open Economies

Dhasmana, Anubha - International Monetary Fund (IMF) - 2008

Foreign aid flows to poor, aid-dependent economies are highly volatile and pro-cyclical. Shortfalls in aid coincide with shortfalls in GDP and government revenues. This increases the consumption volatility in aid dependent countries, thereby causing substantial welfare losses. This paper finds...

Persistent link: https://www.econbiz.de/10005604984

Current Account Developments in New Member States of the European Union; Equilibrium, Excess, and EU-Phoria

Rahman, Jesmin - International Monetary Fund (IMF) - 2008

This paper analyzes current account (CA) developments in the following 10 new EU members states: Czech Republic, Bulgaria, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. During the last 15 years, these countries, on average, have run CA deficits that are...

Persistent link: https://www.econbiz.de/10005605421

Fair Wage Hypothesis, Foreign Capital Inflow and Skilled-unskilled Wage Inequality in the Presence of Agricultural Dualism

Chaudhuri, Sarbajit - Volkswirtschaftliche Fakultät, … - 2008

agricultural dualism for analyzing the consequence of an inflow of foreign capital on the skilled-unskilled wage inequality and the … inflow of foreign capital worsens the relative wage inequality but lowers the unemployment of skilled labour. It provides an … alternative theoretical foundation to the empirical finding that inflows of foreign capital might have produced unfavourable …

Persistent link: https://www.econbiz.de/10005619313

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

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

Fair Wage Hypothesis, International Factor Mobility and Skilled-Unskilled Wage Inequality in a Developing Economy

Chaudhuri, Sarbajit; Banerjee, Dibyendu - Volkswirtschaftliche Fakultät, … - 2008

. Both foreign capital inflows and emigration of skilled labour improve the skilled-unskilled wage inequality under …

Persistent link: https://www.econbiz.de/10005836264