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growth fueled by Foreign Direct Investment (FDI). This paper uses an Autoregressive Distributed Lag (ARDL) model and the …
Persistent link: https://www.econbiz.de/10015214462
During the early 1990s much has been written about the return of foreign private capital to many of the larger Asian and Latin American countries. However, until 1992 there was little evidence that countries in sub-Saharan Africa were participating in this phenomenon. In this paper we use...
Persistent link: https://www.econbiz.de/10015215620
From Hume’s discussion of the specie-flow mechanism under the gold standard to the Keynes-Ohlin debate on the transfer problem associated with German reparations after the First World War, understanding the flow of capital across national borders has been central to international economics. My...
Persistent link: https://www.econbiz.de/10015215651
" remains an interesting issue. By mixing theories from the litterature of Foreign Direct Investment in China and the Collateral …
Persistent link: https://www.econbiz.de/10015216406
This paper shows the relevance of physical infrastructure and financial development for developing countries attractiveness to private capital (Foreign Direct Investments -FDI- and portfolio investments). Contrary to other studies, this analysis is based on “push-pull factors” and the...
Persistent link: https://www.econbiz.de/10015219388
This article uses the push-pull factors approach to analyze the determinants of private capital flows (foreign direct investments, portfolio investments, and debt) in West African Economic and Monetary Union (WAEMU) over the period 1970-2003. The results show that (i) infrastructure, trade...
Persistent link: https://www.econbiz.de/10015219389
physical infrastructure and financial development positively affect Foreign Direct Investment (FDI) and portfolio investment in … development for portfolio investment inflows. Lax monetary policy and excessive credit provision could weaken the financial system … and significantly reduce portfolio investment flows. The results also show that for Sub-Saharan African countries, better …
Persistent link: https://www.econbiz.de/10015219392
The long run relationship between current account balance (CAB) and capital account balance (KAB) and the repercussions of capital account convertibility (KAC) on growth process of a country is a much debated issue. In particular, in the aftermath of the Southeast Asian crisis, the limitation of...
Persistent link: https://www.econbiz.de/10015221611
The study is emphasizing the weak performances of the Romanian economy, unable to turn positive the current account deficits. On the contrary, because of rising problems in deficits financing through autonomous flows, the debt accumulation could lead Romania on the brink of entering a financial...
Persistent link: https://www.econbiz.de/10015223014
The nonlinear cointegration and Granger causality tests are applied in a bi-variate framework to investigate the effects of capital inflows, monetary expansion and interest rates on domestic price levels. The key message of the analysis is that there is a significant inflationary impact of...
Persistent link: https://www.econbiz.de/10015223797