Matches in SemOpenAlex for { <https://semopenalex.org/work/W3122804591> ?p ?o ?g. }
Showing items 1 to 86 of
86
with 100 items per page.
- W3122804591 abstract "We develop a general equilibrium model with financial frictions in which internal capital (equity capital) and external capital (bank loans) have di erent rates of return. Financial development raises the rate of return on external capital but has a non-monotonic effect on the rate of return on internal capital. We then show in a two-country model that capital account liberalization leads to out ow of financial capital from the country with less developed financial system. However, the direction of foreign direct investment (FDI, henceforth) depends on the exact degrees of financial development in the two countries as well as the specific capital controls policy. Our model helps explain the Lucas Paradox (Lucas, 1990). Countries with least developed financial system have the out ows of both financial capital and FDI; countries with most developed financial system witness two-way capital fl ows, i.e., the in ow of financial capital and the out ow of FDI; countries with intermediate level of financial development have the out ow of financial capital and the in ow of FDI. It is consistent with the fact that FDI ows not to the poorest countries but to the middle-income countries." @default.
- W3122804591 created "2021-02-01" @default.
- W3122804591 creator A5028930572 @default.
- W3122804591 creator A5039058968 @default.
- W3122804591 date "2007-01-01" @default.
- W3122804591 modified "2023-09-27" @default.
- W3122804591 title "Financial Development and International Capital Flows" @default.
- W3122804591 hasPublicationYear "2007" @default.
- W3122804591 type Work @default.
- W3122804591 sameAs 3122804591 @default.
- W3122804591 citedByCount "1" @default.
- W3122804591 countsByYear W31228045912012 @default.
- W3122804591 crossrefType "posted-content" @default.
- W3122804591 hasAuthorship W3122804591A5028930572 @default.
- W3122804591 hasAuthorship W3122804591A5039058968 @default.
- W3122804591 hasConcept C10138342 @default.
- W3122804591 hasConcept C139719470 @default.
- W3122804591 hasConcept C143369678 @default.
- W3122804591 hasConcept C162324750 @default.
- W3122804591 hasConcept C166957645 @default.
- W3122804591 hasConcept C24649204 @default.
- W3122804591 hasConcept C2776943663 @default.
- W3122804591 hasConcept C29122968 @default.
- W3122804591 hasConcept C32768728 @default.
- W3122804591 hasConcept C33842695 @default.
- W3122804591 hasConcept C34447519 @default.
- W3122804591 hasConcept C40113805 @default.
- W3122804591 hasConcept C44750222 @default.
- W3122804591 hasConcept C556758197 @default.
- W3122804591 hasConcept C57495647 @default.
- W3122804591 hasConcept C58202505 @default.
- W3122804591 hasConcept C73283319 @default.
- W3122804591 hasConcept C74734477 @default.
- W3122804591 hasConcept C821917 @default.
- W3122804591 hasConcept C83646750 @default.
- W3122804591 hasConcept C9127897 @default.
- W3122804591 hasConcept C95457728 @default.
- W3122804591 hasConceptScore W3122804591C10138342 @default.
- W3122804591 hasConceptScore W3122804591C139719470 @default.
- W3122804591 hasConceptScore W3122804591C143369678 @default.
- W3122804591 hasConceptScore W3122804591C162324750 @default.
- W3122804591 hasConceptScore W3122804591C166957645 @default.
- W3122804591 hasConceptScore W3122804591C24649204 @default.
- W3122804591 hasConceptScore W3122804591C2776943663 @default.
- W3122804591 hasConceptScore W3122804591C29122968 @default.
- W3122804591 hasConceptScore W3122804591C32768728 @default.
- W3122804591 hasConceptScore W3122804591C33842695 @default.
- W3122804591 hasConceptScore W3122804591C34447519 @default.
- W3122804591 hasConceptScore W3122804591C40113805 @default.
- W3122804591 hasConceptScore W3122804591C44750222 @default.
- W3122804591 hasConceptScore W3122804591C556758197 @default.
- W3122804591 hasConceptScore W3122804591C57495647 @default.
- W3122804591 hasConceptScore W3122804591C58202505 @default.
- W3122804591 hasConceptScore W3122804591C73283319 @default.
- W3122804591 hasConceptScore W3122804591C74734477 @default.
- W3122804591 hasConceptScore W3122804591C821917 @default.
- W3122804591 hasConceptScore W3122804591C83646750 @default.
- W3122804591 hasConceptScore W3122804591C9127897 @default.
- W3122804591 hasConceptScore W3122804591C95457728 @default.
- W3122804591 hasLocation W31228045911 @default.
- W3122804591 hasOpenAccess W3122804591 @default.
- W3122804591 hasPrimaryLocation W31228045911 @default.
- W3122804591 hasRelatedWork W1511250562 @default.
- W3122804591 hasRelatedWork W1525366945 @default.
- W3122804591 hasRelatedWork W1548569563 @default.
- W3122804591 hasRelatedWork W1575700899 @default.
- W3122804591 hasRelatedWork W1607723390 @default.
- W3122804591 hasRelatedWork W1998404111 @default.
- W3122804591 hasRelatedWork W2009595634 @default.
- W3122804591 hasRelatedWork W2117070167 @default.
- W3122804591 hasRelatedWork W2146673451 @default.
- W3122804591 hasRelatedWork W2285412989 @default.
- W3122804591 hasRelatedWork W2754592475 @default.
- W3122804591 hasRelatedWork W2804499213 @default.
- W3122804591 hasRelatedWork W2905649843 @default.
- W3122804591 hasRelatedWork W2917833972 @default.
- W3122804591 hasRelatedWork W3121412268 @default.
- W3122804591 hasRelatedWork W3122749261 @default.
- W3122804591 hasRelatedWork W3123300337 @default.
- W3122804591 hasRelatedWork W3125301468 @default.
- W3122804591 hasRelatedWork W3126131344 @default.
- W3122804591 hasRelatedWork W3126145202 @default.
- W3122804591 isParatext "false" @default.
- W3122804591 isRetracted "false" @default.
- W3122804591 magId "3122804591" @default.
- W3122804591 workType "article" @default.