NBER WORKING PAPER SERIES INTERNATIONAL BORROWING TO FINANCE INVESTMENT Working Paper No. 1865
... Whether the country lends or borrows immediately depends upon whether the consumption goods sector is capital or labor iitensive. Thedytiam±hirav-io-r--of the current accouxit for an initially capital—pocr country is also derived. Our results contrast with those of previous studies of optimal indebt ...
... Whether the country lends or borrows immediately depends upon whether the consumption goods sector is capital or labor iitensive. Thedytiam±hirav-io-r--of the current accouxit for an initially capital—pocr country is also derived. Our results contrast with those of previous studies of optimal indebt ...
Research and Monetary Policy Department Working Paper No:06/05
... Capital inflows to developing countries and emerging market economies have surged considerably from the beginning of 1990s. Developing countries in Asia and Latin America have received an amount of nearly USD 670 billion of foreign capital in the five years from 1990 to 1994, as measured by the tota ...
... Capital inflows to developing countries and emerging market economies have surged considerably from the beginning of 1990s. Developing countries in Asia and Latin America have received an amount of nearly USD 670 billion of foreign capital in the five years from 1990 to 1994, as measured by the tota ...
capital budgeting practices: evidence from sri lankan listed companies
... relevant field or professional qualifications. Hence, even though the majority of respondents are relatively young they are well qualified to answer for the questionnaire. ...
... relevant field or professional qualifications. Hence, even though the majority of respondents are relatively young they are well qualified to answer for the questionnaire. ...
Capital gains and 'net national product' in open economies
... Proposition 3 supports the intuition that Hicksian income from a country's ownership of capital depends on the value of its capital only; portfolio changes not influencing the value of its capital do not matter) ° In fact, since x '~ = Rtk t , Proposition 3 shows that a country's share of worldwide ...
... Proposition 3 supports the intuition that Hicksian income from a country's ownership of capital depends on the value of its capital only; portfolio changes not influencing the value of its capital do not matter) ° In fact, since x '~ = Rtk t , Proposition 3 shows that a country's share of worldwide ...
Resources for Entrepreneurship and Growth in Factors of Production
... Results are for the 466 non-metropolitan labor market areas in the contiguous 48 states. Firststage least square results are presented on the left hand side of the table and the second-stage results on the right hand side. First-stage results are largely consistent with those in the secondstage but ...
... Results are for the 466 non-metropolitan labor market areas in the contiguous 48 states. Firststage least square results are presented on the left hand side of the table and the second-stage results on the right hand side. First-stage results are largely consistent with those in the secondstage but ...
From quantity to sustainable quality Increasing intellectual capital
... GDP inferior characteristics ...
... GDP inferior characteristics ...
Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus
... economies continue to maintain significant restrictions on capital outflows (notwithstanding the liberalizations over time). There are several possible interpretations of the negative external repression revenues found in our study. An EME government with positive revenues from repression may be re ...
... economies continue to maintain significant restrictions on capital outflows (notwithstanding the liberalizations over time). There are several possible interpretations of the negative external repression revenues found in our study. An EME government with positive revenues from repression may be re ...
ASIAN INITIATIVES
... much as 80% (Indonesia), the banking systems collapsed, non‐performing loans rose to as high as 70% (Indonesia) and many banks had to be bailed out or shut down. Some economies shrunk by as much as 10%, many corporations defaulted and became bankrupt, and unemployment ...
... much as 80% (Indonesia), the banking systems collapsed, non‐performing loans rose to as high as 70% (Indonesia) and many banks had to be bailed out or shut down. Some economies shrunk by as much as 10%, many corporations defaulted and became bankrupt, and unemployment ...
PDF
... that the opportunity cost of postponed consumption (as given by the rate of time preference) should equal the net marginal return of capital -- the medium-run impact can differ quite substantially from the static impact. The induced impact on capital formation may reinforce or weaken the static impa ...
... that the opportunity cost of postponed consumption (as given by the rate of time preference) should equal the net marginal return of capital -- the medium-run impact can differ quite substantially from the static impact. The induced impact on capital formation may reinforce or weaken the static impa ...
... securities. I concentrate not on the stock market, but on the combined value of equity and debt. By and large, I conclude that the evidence supports the hypothesis. At all times over the past half century, there has been substantial noise in the relation between the stock market and the capital stoc ...
Nova Layout [7x10] - ART
... and the development of fiscal rules at EU level. Italy was no exception. Since the whole area is also facing low rates of economic growth it is widely recognized that a sustained growth in spending would improve the EU’s growth potential as well. As a consequence, most European countries are develop ...
... and the development of fiscal rules at EU level. Italy was no exception. Since the whole area is also facing low rates of economic growth it is widely recognized that a sustained growth in spending would improve the EU’s growth potential as well. As a consequence, most European countries are develop ...
Management of Capital Flows in India: 1990-2011
... The hierarchy in the liberalization of capital flows has resulted in modifying India’s composition of external liabilities in the ‘desired’ manner.2 From comprising 95% of India’s total external liabilities in 1990, the share of debt liabilities have dropped to 33.2% in 2007. Over the same period t ...
... The hierarchy in the liberalization of capital flows has resulted in modifying India’s composition of external liabilities in the ‘desired’ manner.2 From comprising 95% of India’s total external liabilities in 1990, the share of debt liabilities have dropped to 33.2% in 2007. Over the same period t ...
NBER WORKING PAPER SERIES FISCAL VERSUS NET CAPITAL FLOW CONCERNS
... economies continue to maintain significant restrictions on capital outflows (notwithstanding the liberalizations over time). There are several interpretations of the negative external repression revenues found in our study. An EME government with positive revenues from repression may be reluctant t ...
... economies continue to maintain significant restrictions on capital outflows (notwithstanding the liberalizations over time). There are several interpretations of the negative external repression revenues found in our study. An EME government with positive revenues from repression may be reluctant t ...
NBER WORKING PAPER SERIES COMPOSITIONAL EFFECTS OF GOVERNMENT SPENDING
... (1976) demonstrates a differentialemployment effect from governmentspendingon traded ...
... (1976) demonstrates a differentialemployment effect from governmentspendingon traded ...
Neoclassical theories of stationary relative prices and the supply of
... theories, which therefore are not merely considered from point of view of the history of economic thought, but also from a methodological perspective. We believe that the neo-Walrasian standpoint, which is at the basis of our analysis, can help to shed new light on well-known features of the treatme ...
... theories, which therefore are not merely considered from point of view of the history of economic thought, but also from a methodological perspective. We believe that the neo-Walrasian standpoint, which is at the basis of our analysis, can help to shed new light on well-known features of the treatme ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... goods are transferred from one sector to the other. These bilateral exchanges are the essential feature of the CFM, and when validated by market valuations they establish the equivalence between revenue, cost, income, and expenditure. These exchanges are portrayed as a counterclockwise flow around t ...
... goods are transferred from one sector to the other. These bilateral exchanges are the essential feature of the CFM, and when validated by market valuations they establish the equivalence between revenue, cost, income, and expenditure. These exchanges are portrayed as a counterclockwise flow around t ...
Capital Flight from Russia
... words, capital that had been invested for bank loans and other lending, including trade credit, was suddenly withdrawn from East Asia after the 1997 crisis. With regard to Indonesia, capital outflow there first occurred under the “other investment” category, followed by portfolio investment and dire ...
... words, capital that had been invested for bank loans and other lending, including trade credit, was suddenly withdrawn from East Asia after the 1997 crisis. With regard to Indonesia, capital outflow there first occurred under the “other investment” category, followed by portfolio investment and dire ...
mmi05 razin 225761 en
... models (as in Morris and Shin (2000). The extended model posits an exogenous stochastic process for the fundamentals (e.g., aggregate export volumes) that foreign creditors estimate based on public and private information. The framework features a double guessing game by the foreign creditors, who r ...
... models (as in Morris and Shin (2000). The extended model posits an exogenous stochastic process for the fundamentals (e.g., aggregate export volumes) that foreign creditors estimate based on public and private information. The framework features a double guessing game by the foreign creditors, who r ...
Disclaimer CAVENDISH IMPACT CAPITAL: IMPORTANT NOTICES
... It is the responsibility of the relevant parties to carry out any filing, registration or other local formality necessary to comply with applicable laws and regulations. Interests in the relevant investment vehicle are not registered under the U.S. Securities Act of 1933, as amended, and the rules a ...
... It is the responsibility of the relevant parties to carry out any filing, registration or other local formality necessary to comply with applicable laws and regulations. Interests in the relevant investment vehicle are not registered under the U.S. Securities Act of 1933, as amended, and the rules a ...
a critical review of modigliani and miller`s theorem of capital structure
... related to corporate finance. There were different unclear issues that M&M theorem used as their basis in building their assumption, such as, would the change of a mix of securities increase the firm’s value. There were many issues taken into consideration by Modigliani and Miller, which resulted wi ...
... related to corporate finance. There were different unclear issues that M&M theorem used as their basis in building their assumption, such as, would the change of a mix of securities increase the firm’s value. There were many issues taken into consideration by Modigliani and Miller, which resulted wi ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... In early March, 2006, India’s Prime Minister Manmohan Singh, announced that his country would take measures toward making the rupee a convertible currency. Capital controls would be dismantled, and freer international mobility of capital would be allowed.1 This step was unthinkable only a few years ...
... In early March, 2006, India’s Prime Minister Manmohan Singh, announced that his country would take measures toward making the rupee a convertible currency. Capital controls would be dismantled, and freer international mobility of capital would be allowed.1 This step was unthinkable only a few years ...
The impact of international capital flows on the South Africa... since the end of apartheid Seeraj Mohamed
... economic policy. They seem to believe that their chances of attracting foreign direct investment and more access to capital will improve if they show investors that they are committed to maintaining orthodox macroeconomic fundamentals and other elements of the Washington Consensus. They do not seem ...
... economic policy. They seem to believe that their chances of attracting foreign direct investment and more access to capital will improve if they show investors that they are committed to maintaining orthodox macroeconomic fundamentals and other elements of the Washington Consensus. They do not seem ...
TVM Capital
... offices looking for direct investments – IPOs: possible in the US, not (yet?) in Europe. ...
... offices looking for direct investments – IPOs: possible in the US, not (yet?) in Europe. ...