Infrastructures et flux de capitaux privés vers les pays en développement
[Infrastructure and private capital flows in developing countries]
AbstractThis paper shows the relevance of physical infrastructure and financial development for developing countries attractiveness to private capital (Foreign Direct Investments -FDI- and portfolio investments). Contrary to other studies, this analysis is based on “push-pull factors” and the “Lucas paradox” theoretical approaches, and takes into account the relationship between components of capital flows. The analysis also highlights the importance of non-linearity effects when assessing the role of infrastructure for capital inflows and the specificity of Sub-Saharan African countries compared to other developing countries.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 19158.
Date of creation: 2008
Date of revision:
Publication status: Published in Revue Economique 3.59(2008): pp. 537-549
Foreign Direct Investment; Portfolio Investment; Physical Infrastructures; Financial Development; 3SLS;
Other versions of this item:
- Tidiane Kinda, 2008. "Infrastructures et flux de capitaux privés vers les pays en développement," Revue économique, Presses de Sciences-Po, vol. 59(3), pages 537-549.
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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