کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
964857 930642 2007 21 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Sources for financing domestic capital - Is foreign saving a viable option for developing countries?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Sources for financing domestic capital - Is foreign saving a viable option for developing countries?
چکیده انگلیسی
This paper studies the properties of self-financing ratios - the share of domestic capital that was financed by domestic savings, without relying on external borrowing. On average, 90% of the stock of capital in developing countries is self-financed, and this fraction was stable throughout the 1990s. Greater integration of financial markets throughout the 1990s has not changed the dispersion of self-financing rates. Countries with higher self-financing ratios grew significantly faster than countries with low self-financing ratios. Financial integration may have facilitated diversification of assets and liabilities, but failed to offer new net sources of financing capital in developing countries.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 26, Issue 5, September 2007, Pages 682-702
نویسندگان
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