International capital flows and the Lucas Paradox: patterns, determinants, and debates
This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question of why capital doesn't tend to flow from rich to poor countries as predicted by standard neoclassical theory - a puzzle known as the Lu...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Singapore
Springer
[2019]
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| Schlagworte: | |
| Zusammenfassung: | This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question of why capital doesn't tend to flow from rich to poor countries as predicted by standard neoclassical theory - a puzzle known as the Lucas paradox. Further, the book reviews alternative approaches to conventional estimates of the marginal product of capital (MPK) and considers whether these estimates actually help us understand observed international capital flows. A rigorous quantitative approach is subsequently used to provide clear empirical evidence on the determinants of capital flows across borders. The findings of this empirical analysis suggest that generous economic policies on capital account convertibility are more influential than differences in institutional quality in terms of determining international capital flows. In closing, the relative importance of various types of political risk (e.g. expropriation and corruption) is examined. After determining that expropriation risk has one of the greatest effects on foreign direct investment (FDI), the book proposes an appealingly intuitive explanation for the lack of FDI flows to many capital-scarce developing countries |
| Beschreibung: | xvi, 203 Seiten Diagramme 24 cm |
| ISBN: | 9789811390685 |
Internformat
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| 505 | 8 | |a Chapter 1: Review of the Neoclassical Theory of Capital Flows and Related Empirical -- Chapter 2: The Lucas Paradox: Alternative Estimates of Marginal Product of Capital -- Chapter 3: Estimating the Determinants of Capital Inflows Using Cross-Sectional Data -- Chapter 4: Panel and Non-Linear Models of Capital Inflows -- Chapter 5: Do Foreign Investors Fear Expropriation? Effects of Political Risk on FDI -- Chapter 6: Conclusion | |
| 520 | 3 | |a This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question of why capital doesn't tend to flow from rich to poor countries as predicted by standard neoclassical theory - a puzzle known as the Lucas paradox. Further, the book reviews alternative approaches to conventional estimates of the marginal product of capital (MPK) and considers whether these estimates actually help us understand observed international capital flows. A rigorous quantitative approach is subsequently used to provide clear empirical evidence on the determinants of capital flows across borders. The findings of this empirical analysis suggest that generous economic policies on capital account convertibility are more influential than differences in institutional quality in terms of determining international capital flows. In closing, the relative importance of various types of political risk (e.g. expropriation and corruption) is examined. After determining that expropriation risk has one of the greatest effects on foreign direct investment (FDI), the book proposes an appealingly intuitive explanation for the lack of FDI flows to many capital-scarce developing countries | |
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Datensatz im Suchindex
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| author | Akhtaruzzaman, Muhammad |
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| classification_rvk | QC 300 |
| contents | Chapter 1: Review of the Neoclassical Theory of Capital Flows and Related Empirical -- Chapter 2: The Lucas Paradox: Alternative Estimates of Marginal Product of Capital -- Chapter 3: Estimating the Determinants of Capital Inflows Using Cross-Sectional Data -- Chapter 4: Panel and Non-Linear Models of Capital Inflows -- Chapter 5: Do Foreign Investors Fear Expropriation? Effects of Political Risk on FDI -- Chapter 6: Conclusion |
| ctrlnum | (OCoLC)1102468182 (DE-599)BVBBV047165173 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Book |
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| isbn | 9789811390685 |
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| spelling | Akhtaruzzaman, Muhammad Verfasser (DE-588)1192766938 aut International capital flows and the Lucas Paradox patterns, determinants, and debates Muhammad Akhtaruzzaman Singapore Springer [2019] © 2019 xvi, 203 Seiten Diagramme 24 cm txt rdacontent n rdamedia nc rdacarrier Chapter 1: Review of the Neoclassical Theory of Capital Flows and Related Empirical -- Chapter 2: The Lucas Paradox: Alternative Estimates of Marginal Product of Capital -- Chapter 3: Estimating the Determinants of Capital Inflows Using Cross-Sectional Data -- Chapter 4: Panel and Non-Linear Models of Capital Inflows -- Chapter 5: Do Foreign Investors Fear Expropriation? Effects of Political Risk on FDI -- Chapter 6: Conclusion This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question of why capital doesn't tend to flow from rich to poor countries as predicted by standard neoclassical theory - a puzzle known as the Lucas paradox. Further, the book reviews alternative approaches to conventional estimates of the marginal product of capital (MPK) and considers whether these estimates actually help us understand observed international capital flows. A rigorous quantitative approach is subsequently used to provide clear empirical evidence on the determinants of capital flows across borders. The findings of this empirical analysis suggest that generous economic policies on capital account convertibility are more influential than differences in institutional quality in terms of determining international capital flows. In closing, the relative importance of various types of political risk (e.g. expropriation and corruption) is examined. After determining that expropriation risk has one of the greatest effects on foreign direct investment (FDI), the book proposes an appealingly intuitive explanation for the lack of FDI flows to many capital-scarce developing countries Neue klassische Makroökonomie (DE-588)4206634-7 gnd rswk-swf Entwicklungsländer (DE-588)4014954-7 gnd rswk-swf Industriestaaten (DE-588)4026840-8 gnd rswk-swf Capital movements Capital market Macroeconomics Neue klassische Makroökonomie (DE-588)4206634-7 s Industriestaaten (DE-588)4026840-8 g Entwicklungsländer (DE-588)4014954-7 g DE-604 Erscheint auch als Online-Ausgabe 978-981-13-9069-2 |
| spellingShingle | Akhtaruzzaman, Muhammad International capital flows and the Lucas Paradox patterns, determinants, and debates Chapter 1: Review of the Neoclassical Theory of Capital Flows and Related Empirical -- Chapter 2: The Lucas Paradox: Alternative Estimates of Marginal Product of Capital -- Chapter 3: Estimating the Determinants of Capital Inflows Using Cross-Sectional Data -- Chapter 4: Panel and Non-Linear Models of Capital Inflows -- Chapter 5: Do Foreign Investors Fear Expropriation? Effects of Political Risk on FDI -- Chapter 6: Conclusion Neue klassische Makroökonomie (DE-588)4206634-7 gnd |
| subject_GND | (DE-588)4206634-7 (DE-588)4014954-7 (DE-588)4026840-8 |
| title | International capital flows and the Lucas Paradox patterns, determinants, and debates |
| title_auth | International capital flows and the Lucas Paradox patterns, determinants, and debates |
| title_exact_search | International capital flows and the Lucas Paradox patterns, determinants, and debates |
| title_exact_search_txtP | International capital flows and the Lucas Paradox patterns, determinants, and debates |
| title_full | International capital flows and the Lucas Paradox patterns, determinants, and debates Muhammad Akhtaruzzaman |
| title_fullStr | International capital flows and the Lucas Paradox patterns, determinants, and debates Muhammad Akhtaruzzaman |
| title_full_unstemmed | International capital flows and the Lucas Paradox patterns, determinants, and debates Muhammad Akhtaruzzaman |
| title_short | International capital flows and the Lucas Paradox |
| title_sort | international capital flows and the lucas paradox patterns determinants and debates |
| title_sub | patterns, determinants, and debates |
| topic | Neue klassische Makroökonomie (DE-588)4206634-7 gnd |
| topic_facet | Neue klassische Makroökonomie Entwicklungsländer Industriestaaten |
| work_keys_str_mv | AT akhtaruzzamanmuhammad internationalcapitalflowsandthelucasparadoxpatternsdeterminantsanddebates |