Substitution between Foreign Capital in China, India, the Rest of the World, and Latin America : Much Ado about Nothing?

Substitution between Foreign Capital in China, India, the Rest of the World, and Latin America : Much Ado about Nothing?

This paper explores the impact of the emergence of China and India on foreign capital stocks in other economies. Using bilateral data from 1990-2003 and drawing from the knowledge-capital model of the multinational enterprises to control for fundam...

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Bibliographic Details
Main Authors: Cravino, Javier, Lederman, Daniel, Olarreaga, Marcelo
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ABSOLUTE VALUE
ACCOUNTING
AGRICULTURE
BENCHMARK
BENCHMARK SPECIFICATION
BILATERAL TRADE
BILATERAL TRADE DATA
CAPITAL STOCKS
CENTRAL AMERICA
CENTRAL AMERICAN
CONSUMER PRICE INDEX
CONTROL VARIABLES
CURRENCY
DEPENDENT VARIABLE
DEVELOPING COUNTRIES
DEVELOPMENT BANK
ECONOMETRIC ANALYSES
ECONOMETRIC MODELS
ECONOMIC GROWTH
EMERGING ECONOMIES
EXCHANGE RATE
EXPECTED VALUE
EXPLANATORY VARIABLES
EXPORTS
FDI
FEDERAL RESERVE
FEDERAL RESERVE SYSTEM
FINANCIAL SUPPORT
FIXED EFFECT
FIXED EFFECTS
FOREIGN CAPITAL
FOREIGN DIRECT INVESTMENT
FOREIGN INVESTMENT
FOREIGN INVESTORS
FUNDAMENTAL DETERMINANTS
GDP
GDP PER CAPITA
GLOBAL BUSINESS
GLOBAL ECONOMY
GRAVITY MODEL
GROWTH RATE
HOST COUNTRIES
HOST COUNTRY
HOST ECONOMIES
HOST-COUNTRY
IMPORTS
INTERNATIONAL BANK
INTERNATIONAL ECONOMICS
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL
INTERNATIONAL FINANCIAL STATISTICS
INTERNATIONAL INVESTMENT
INTERNATIONAL TRADE
INVESTING
INVESTMENT FLOWS
LABOR FORCE
LATIN AMERICAN
MACROECONOMIC VOLATILITY
MANUFACTURING
MANUFACTURING INDUSTRIES
MANUFACTURING SECTOR
MARKET EXCHANGE RATE
MARKET SIZE
MARKETING
MONETARY FUND
MULTINATIONAL ENTERPRISE
MULTINATIONAL ENTERPRISES
NATIONAL CURRENCY
NATURAL RESOURCE
NATURAL RESOURCES
NET EXPORTS
PATENTS
POLITICAL INSTABILITY
POLITICAL RISK
POLITICAL STABILITY
POSITIVE COEFFICIENT
POSITIVE EFFECTS
PRODUCTION PROCESSES
PUBLIC FINANCE
R&D
REAL EXCHANGE RATE
REAL GDP
RESULT
RESULTS
ROBUSTNESS CHECK
SEARCH
SLOWDOWN
STANDARD DEVIATION
SUBSTITUTION EFFECT
TAX
TOTAL MARKET
TRADE REFORMS
TREATIES
TRINIDAD AND TOBAGO
VALUE ADDED
VERTICAL INTEGRATION
WAGES
WEB
WORLD DEVELOPMENT INDICATORS
WTO
Online Access:http://documents.worldbank.org/curated/en/2007/09/8339154/substitution-between-foreign-capital-china-india-rest-world-latin-america-much-ado-nothing-substitution-between-foreign-capital-china-india-rest-world-latin-america-much-ado-nothing
http://hdl.handle.net/10986/7338

Internet

http://documents.worldbank.org/curated/en/2007/09/8339154/substitution-between-foreign-capital-china-india-rest-world-latin-america-much-ado-nothing-substitution-between-foreign-capital-china-india-rest-world-latin-america-much-ado-nothing
http://hdl.handle.net/10986/7338

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