Foreign Capital in Developing Economies: Perspectives from the Theory of Economic Growth - Couverture rigide

Manzocchi, Stefano

Couverture rigide

ISBN 10 : 0333747038 ISBN 13 : 9780333747032

Editeur : Palgrave Macmillan, 1999

Synopsis

The object of this volume is to evaluate the pattern and the function of foreign capital in developing countries in a long-run perspective. The main conceptual instruments employed are the theory of economic growth, and the techniques associated with recent advances in growth econometrics. This 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 to faster growth and possibly higher welfare.

A propos du livre

À propos de l?auteur

STEFANO MANZOCCHI is Associate Professor of Economics, University of Perugia. He has been a Visiting Scholar, Research Department, International Monetary Fund, Washington, DC, 1996; a consultant for the European Union and for the Research Centre on the Italian and European Economy. He has published on capital flows and external finance in a range of major economic journals.

Détails de l'édition

• Éditeur: Palgrave Macmillan
• Date d'édition: 1999
• Langue: anglais
• ISBN 10: 0333747038
• ISBN 13: 9780333747032
• Reliure: Relié
• Nombre de pages: 217
• Coordonnées du fabricant: non disponible
• Personne responsable: Koch-Chemie GmbH; https://www.koch-chemie.com ; ; Einsteinstr. 42; Unna; 59423; Allemagne