Substitution between Foreign Capital in China, India, the Rest of the World, and Latin America: Much Ado about Nothing?

This paper explores the impact of the emergence of China and India on Foreign Capital Stocks (FCS) in other economies. Using bilateral FCS data from 1990-2003 and drawing from the Knowledge-Capital Model of multinational enterprises to control for fundamental determinants of FCS across countries, th...

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Bibliographic Details
Main Authors: Cravino, Javier, Lederman, Daniel, Olarreaga, Marcelo
Language:EN
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/10986/5551