Long-Term International Capital Movements and Technology - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Long-Term International Capital Movements and Technology write by Mr.Harm Zebregs. This book was released on 1999-09-01. Long-Term International Capital Movements and Technology available in PDF, EPUB and Kindle. This paper reviews the theoretical literature on the question of how long-term international capital movements depend on the international distribution of technology. It focuses on long-term investment flows, as these are more affected by international differences in technologies than short-term financial flows. International capital movements are investigated in the context of various technology specifications, ranging from models with only one common technology to those with multiple and endogenous technologies. The paper demonstrates that the theoretical specification of technology is crucial to the prediction of the size and direction of international capital movements.
International Capital Flows
International Capital Flows - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Capital Flows write by Martin Feldstein. This book was released on 2007-12-01. International Capital Flows available in PDF, EPUB and Kindle. Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.
Long-Term International Capital Movements and Tecnology: A Review
Long-Term International Capital Movements and Tecnology: A Review - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Long-Term International Capital Movements and Tecnology: A Review write by International monetary fund. Research departement. This book was released on 1999. Long-Term International Capital Movements and Tecnology: A Review available in PDF, EPUB and Kindle.
International Capital Flows and the Lucas Paradox
International Capital Flows and the Lucas Paradox - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Capital Flows and the Lucas Paradox write by Muhammad Akhtaruzzaman. This book was released on 2019-06-21. International Capital Flows and the Lucas Paradox available in PDF, EPUB and Kindle. This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question of why capital doesn’t tend to flow from rich to poor countries as predicted by standard neoclassical theory – a puzzle known as the Lucas paradox. Further, the book reviews alternative approaches to conventional estimates of the marginal product of capital (MPK) and considers whether these estimates actually help us understand observed international capital flows. A rigorous quantitative approach is subsequently used to provide clear empirical evidence on the determinants of capital flows across borders. The findings of this empirical analysis suggest that generous economic policies on capital account convertibility are more influential than differences in institutional quality in terms of determining international capital flows. In closing, the relative importance of various types of political risk (e.g. expropriation and corruption) is examined. After determining that expropriation risk has one of the greatest effects on foreign direct investment (FDI), the book proposes an appealingly intuitive explanation for the lack of FDI flows to many capital-scarce developing countries.
Behind the Numbers
Behind the Numbers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Behind the Numbers write by National Research Council. This book was released on 1992-02-01. Behind the Numbers available in PDF, EPUB and Kindle. America's international economic decisions rest to a large degree on the information available to policymakers. Yet the quality of international trade and financial data is in serious doubt. This book reveals how our systems for collecting and analyzing trade data have fallen behind the times-and presents recommendations for new approaches to accuracy and usefulness of these economic data. The volume traces the burgeoning use of international economic data by public and private analysts at a time when the United States is becoming increasingly integrated into the world economy. It also points out problems of capturing new transactions, comparing data from different sources, limited access to the data, and more. This is the first volume to review all three types of U.S. international data-merchandise trade, international services transactions, and capital flows. Highlights include: Specific steps for U.S. agencies to take. Special analyses on improving the accuracy of merchandise trade data, filling data gaps on the fast-growing international services transactions, and understanding structural changes in world capital markets. Comments, complaints, and suggestions from an original survey of more than 100 key users of trade data. This practical volume will be invaluable to policymakers, government officials, business executives, economists, statisticians, and researchers.
