Showing 1 - 10 of 1,347
In the 3 years before the 2008 Financial Crisis, GDP growth in sub Saharan Africa (averaged over individual economies … significant Chinese FDI flows into these countries, accounting for up to 10% of total inward FDI flows for certain countries in … inward FDI. We follow Solow (1957), Dennison (1962), and others and use data for individual economies between 1990 and 2008 …
Persistent link: https://www.econbiz.de/10013119043
driven mostly by global commodity prices. In order to better understand the determinants of export success in Africa we …
Persistent link: https://www.econbiz.de/10013068915
now Africa's third largest trading partner behind the EU and the US. The Chinese FDI stock in Africa has grown from $49 … FDI compared to a total from all sources of $36 billion, around 1.4% of total FDI inflows to Africa; and only 8.6% of …Trade between the whole of Africa and China (imports and exports summed) grew from $10.6 billion to $73.3 billion …
Persistent link: https://www.econbiz.de/10012771826
We contribute to the long debated issue of whether inward foreign direct investment (FDI) can stimulate investment in … developing countries by introducing a novel measure of FDI, based on industry-level data. Our results suggest a positive impact … of FDI on total investment – measured as the ratio of gross fixed capital formation to GDP – but only if multinational …
Persistent link: https://www.econbiz.de/10012965418
In this paper we reconsider the evidence on capital account liberalization and growth. While we find indications of a positive association, the effects vary with time, with how capital account liberalization is measured, and with how the relationship is estimated. The evidence that the effects...
Persistent link: https://www.econbiz.de/10013221506
We develop a simple model of the choice between exploiting a technology in another country via export and via direct foreign investment. The model points to the destination country's size, level of technological sophistication, and distance from the source as factors in the decision. Moreover,...
Persistent link: https://www.econbiz.de/10013225821
Latin America began the twentieth century as a relatively poor region on the periphery of the world economy. One cause of a low level of income per person was capital scarcity. Long run growth via capital deepening requires either the mobilization of domestic capital through savings, or large...
Persistent link: https://www.econbiz.de/10013239957
Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...
Persistent link: https://www.econbiz.de/10013135399
We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI … FDI - both inflows and outflows - and growth. The relationship between growth and equity flows is smaller and less stable …
Persistent link: https://www.econbiz.de/10013119605
inflows of portfolio debt, portfolio equity, and FDI, controlling for country's stock of short-term external debt and … commodity terms of trade. Average level of FDI inflows is associated with a 23 percent higher takeoff probability relative to a … zero FDI inflow benchmark, and this effect is highest for the Latin America subsample, with a 65 rise in takeoff …
Persistent link: https://www.econbiz.de/10013122019