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?
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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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
Journal: Journal of International Money and Finance - Volume 26, Issue 5, September 2007, Pages 682-702
نویسندگان
Joshua Aizenman, Brian Pinto, Artur Radziwill,