Country Portfolios

• Tác giả: Norman Loayza
• Ngôn ngữ: eng
• Ký hiệu phân loại: 022.33 Administration of physical plant
• Thông tin xuất bản: World Bank, Washington, D.C., 2013
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 305112
• Chủ đề: 1. CAPITAL FLOW; 2. CAPITAL STOCKS; 3. DEVELOPING COUNTRIES; 4. FOREIGN INVESTMENT; 5. LOANS

Tóm tắt

Capital flows to developing countries are small and take mostly the form of loans rather than direct foreign investment. We build a simple model of North-South capital flows that highlights the interplay between diminishing returns, production risk and sovereign risk. This model generates a set of country portfolios and a world distribution of capital stocks that resemble those in the data.