کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
963707 930399 2007 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Evaluating the impacts of foreign direct investment, aid and saving in developing countries
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Evaluating the impacts of foreign direct investment, aid and saving in developing countries
چکیده انگلیسی
We develop an open-economy model to demonstrate how saving, aid and direct investment inflows affect investment under asymmetric information. The model that relates a firm's net worth to investment suggests that the relative impact of these financial sources depends on a country's income level, financial structure, and governance infrastructure. We estimate the impact of each source using panel data for 64 developing countries. The results provide support for the view that net worth matters, and suggest that the influence of financial systems can explain why saving-investment correlations are high for developed countries and lower for developing countries.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 26, Issue 2, March 2007, Pages 213-228
نویسندگان
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