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Resource mobilization climates in the world

Author

Listed:
  • Marcus Marktanner
  • Joanna Nasr

    (American University of Beirut,Lebanon
    London School of Economics and Political Science,United Kingdom)

Abstract

We develop an empirical model allowing for the identification of four different resource mobilization climates describing the period between 1986 and 2002. Those climates are based on different constellations of gross capital formation and domestic savings rates: super investor (high savings, high investment), resource exporter (high savings, low investment), resource importer (low savings, high investment), and vicious cycle (low savings, low investment). Using multinominal logistic regression, we explore the explanatory impact of indicators related to socioeconomic fundamentals, structural characteristic of the economy, governance, macroeconomic management, and trade competitiveness. We think that our study is relevant to both the business economics and public policy oriented literature because it provides an analytical tool kit to identify resource mobilization-friendly environments. We also feel that our approach may be usefully advanced to identify successful resource mobilization strategies.

Suggested Citation

  • Marcus Marktanner & Joanna Nasr, 2008. "Resource mobilization climates in the world," Journal of Developing Areas, Tennessee State University, College of Business, vol. 41(2), pages 27-43, January-M.
  • Handle: RePEc:jda:journl:vol.41:year:2008:issue2:pp:27-43
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    More about this item

    Keywords

    Investment Climates; Applied Econometrics; Policy Analysis; Regional Analysis;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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