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essential for a country's economic growth. Our hypothesis is that foreign-educated leaders attract more FDI to their country …. Our rationale is that education obtained abroad encompasses a whole slew of factors that can make a difference in FDI … significant determinant of FDI inflows, beyond other standard characteristics. While intuitive, this result does not necessarily …
Persistent link: https://www.econbiz.de/10013135190
How does foreign direct investment (FDI) liberalization shape structural transformation and demographic change in …, exploiting quasi-exogenous variation in FDI liberalization induced by multiple waves of regulatory relaxation. We find that … services for both men and women. Exposure to FDI liberalization also reduces the probability of marriage, and induces a decline …
Persistent link: https://www.econbiz.de/10014357521
less clear, but this masks an important and novel result. We find strong evidence that FDI and portfolio equity liabilities …
Persistent link: https://www.econbiz.de/10013325040
step forward occurring following Deng Xiaoping's "South Trip" in 1992. We find that FDI had much larger effect on TFP …
Persistent link: https://www.econbiz.de/10013325091
. Using foreign direct investment (FDI) as a measure for capital flows, we present empirical evidence which largely confirms …
Persistent link: https://www.econbiz.de/10012783546
We document the recent phenomenon of uphill flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current...
Persistent link: https://www.econbiz.de/10013316680
The diversity of social interaction within economic communities affects productivity and growth, and is itself shaped by economic conditions. These reciprocal effects raise the possibility of multiple equilibria, of setting a socially polarized economy stagnating in poverty on a new path of...
Persistent link: https://www.econbiz.de/10012917100
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa's peculiar history … influence, in and out of Africa, of the slave trades. The essay ends with critical conclusions and suggestions for further …
Persistent link: https://www.econbiz.de/10013122110
Growth has been high and widespread in the last decade in Africa. Whether this shift in Africa's fortune has impacted … Africa and addresses whether or not previously held belief that Africa is too poor to grow is relevant today. The findings … employment, particularly to increase in employment in the industrial sector, than to increase in mean income. In Africa the co …
Persistent link: https://www.econbiz.de/10013030863
We assess Africa's prospects for enjoying a demographic dividend. While fertility rates and dependency ratios in Africa … Northern America. This projection suggests Africa has considerable potential to enjoy a demographic dividend. Whether and when … these areas, coordinated policies will likely be most effective in generating the momentum needed to pull Africa's economies …
Persistent link: https://www.econbiz.de/10012983914