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

Manzocchi, Stefano

 
9780312222383: Foreign Capital in Developing Economies: Perspectives from the Theory of Economic Growth

Inhaltsangabe

This volume evaluates 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. 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 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-run as in the long-run. Nevertheless, foreign capital can be conducive of faster growth and possibly higher welfare.

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.

Über die Autorin bzw. den Autor

Stefano Manzocchi is Associate Professor of Economics at the University Perugia.

„Über diesen Titel“ kann sich auf eine andere Ausgabe dieses Titels beziehen.

Weitere beliebte Ausgaben desselben Titels

9780333747032: Foreign Capital In Developing Economies: Perspectives from the Theory of Economic Growth

Vorgestellte Ausgabe

ISBN 10:  0333747038 ISBN 13:  9780333747032
Verlag: Palgrave Macmillan, 1999
Hardcover