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

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 in other economies. Using bilateral data from 1990-2003 and drawing from the knowledge-capital model of the multinational enterprises to control for fundam...

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Bibliographic Details
Main Authors:	Cravino, Javier, Lederman, Daniel, Olarreaga, Marcelo
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ABSOLUTE VALUE ACCOUNTING AGRICULTURE BENCHMARK BENCHMARK SPECIFICATION BILATERAL TRADE BILATERAL TRADE DATA CAPITAL STOCKS CENTRAL AMERICA CENTRAL AMERICAN CONSUMER PRICE INDEX CONTROL VARIABLES CURRENCY DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPMENT BANK ECONOMETRIC ANALYSES ECONOMETRIC MODELS ECONOMIC GROWTH EMERGING ECONOMIES EXCHANGE RATE EXPECTED VALUE EXPLANATORY VARIABLES EXPORTS FDI FEDERAL RESERVE FEDERAL RESERVE SYSTEM FINANCIAL SUPPORT FIXED EFFECT FIXED EFFECTS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FUNDAMENTAL DETERMINANTS GDP GDP PER CAPITA GLOBAL BUSINESS GLOBAL ECONOMY GRAVITY MODEL GROWTH RATE HOST COUNTRIES HOST COUNTRY HOST ECONOMIES HOST-COUNTRY IMPORTS INTERNATIONAL BANK INTERNATIONAL ECONOMICS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INTERNATIONAL FINANCIAL STATISTICS INTERNATIONAL INVESTMENT INTERNATIONAL TRADE INVESTING INVESTMENT FLOWS LABOR FORCE LATIN AMERICAN MACROECONOMIC VOLATILITY MANUFACTURING MANUFACTURING INDUSTRIES MANUFACTURING SECTOR MARKET EXCHANGE RATE MARKET SIZE MARKETING MONETARY FUND MULTINATIONAL ENTERPRISE MULTINATIONAL ENTERPRISES NATIONAL CURRENCY NATURAL RESOURCE NATURAL RESOURCES NET EXPORTS PATENTS POLITICAL INSTABILITY POLITICAL RISK POLITICAL STABILITY POSITIVE COEFFICIENT POSITIVE EFFECTS PRODUCTION PROCESSES PUBLIC FINANCE R&D REAL EXCHANGE RATE REAL GDP RESULT RESULTS ROBUSTNESS CHECK SEARCH SLOWDOWN STANDARD DEVIATION SUBSTITUTION EFFECT TAX TOTAL MARKET TRADE REFORMS TREATIES TRINIDAD AND TOBAGO VALUE ADDED VERTICAL INTEGRATION WAGES WEB WORLD DEVELOPMENT INDICATORS WTO
Online Access:	http://documents.worldbank.org/curated/en/2007/09/8339154/substitution-between-foreign-capital-china-india-rest-world-latin-america-much-ado-nothing-substitution-between-foreign-capital-china-india-rest-world-latin-america-much-ado-nothing http://hdl.handle.net/10986/7338

Internet

http://documents.worldbank.org/curated/en/2007/09/8339154/substitution-between-foreign-capital-china-india-rest-world-latin-america-much-ado-nothing-substitution-between-foreign-capital-china-india-rest-world-latin-america-much-ado-nothing
http://hdl.handle.net/10986/7338

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

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