This paper links business cycle volatility to barriers on international mobility of goods and capital. Theory predicts … that capital market integration should lower consumption volatility while raising investment volatility, if most shocks are … mobility is strongly correlated with the volatility of consumption, investment or output. This may reflect the fact that many …

This paper links business cycle volatility to barriers on international mobility of goods and capital. Theory predicts … that capital market integration should lower consumption volatility while raising investment volatility, if most shocks are … mobility is strongly correlated with the volatility of consumption, investment or output. This may reflect the fact that many …

In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in … channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed …

Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio … stakeholders. We emphasize the crucial role played by FDI in sustaining equity-financed capital investment for economies plagued by …

with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports …

In the presence of economies of scale in the investment technology, trade openness may have non-conventional effects on … the level of investment, its cyclical behavior, and the volatility of the terms of trade. Trade openness may lead to boom …-bust cycles of investment supported by self-fulfilling expectations. The economy may oscillate between 'optimistic' expectations …

In the presence of lumpy investment cost of adjustment, globalization may have non-conventional effects on the level of … investment and its cyclical behavior. Trade openness may lead to a discrete 'jump' in the level of investment, as it may trigger … a discrete change in the terms of trade. Such a shift creates a sizeable boost in aggregate investment. But trade …

with an access to the world capital market. The paper examines the efficiency of quantity restrictions on capital exports …

In the presence of economies of scale in the investment technology, trade openness may have non-conventional effects on … the level of investment, its cyclical behavior, and the volatility of the terms of trade. Trade openness may lead to boom …-bust cycles of investment supported by self-fulfilling expectations. The economy may oscillate between 'optimistic' expectations …