Foreign Capital In Developing Economies

Perspectives from the Theory of Economic Growth

Inbunden, Engelska, 1999

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The object of this volume is to evaluate the pattern and the function of foreign capital in developing countries in a long perspective. The main conceptual instruments employed are the theory of economic growth, and the techniques associated with recent advances in growth econometrics. Empirical work points out that there is no mechanical trade-off between the short-term dangers and the long-run gains from capital market integration, but the growth benefits of foreign capital in transforming economies are conditional on an effective destination of the resources. Over-borrowing and excessive consumption are the main pitfalls in the short as in the long run. Nevertheless, foreign capital can be conducive of faster growth and possibly higher welfare.

Produktinformation

Utgivningsdatum1999-07-09
Mått140 x 216 x 16 mm
Vikt426 g
FormatInbunden
SpråkEngelska
Antal sidor199
Upplaga1999
FörlagPalgrave Macmillan
ISBN9780333747032

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Foreword; E.R.Grilli Acknowledgements List of Tables Introduction: A Growth-theory Approach to Capital Flows in Developing Countries Recovery, Insolvency and Stagnation: Foreign Capital to Developing Economies in Historical Perspective PART I: THEORETICAL MODELS Growth Theory and the Determinants of Capital Flows Growth Theory and the Effects of Capital Flows PART II: EMPIRICAL STUDIES Measuring Capital Mobility in Developing Economies Determinants of Net Capital Flows in Developing Countries Capital Movements, Economic Growth and Investment in Developing Countries External Finance and Foreign Debt in the Transition Economies of Central Eastern Europe Bibliography Index