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Foreign Direct Investment: Analysis of Aggregate Flows

Author

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  • Razin, Assaf
  • Sadka, Efraim

Abstract

Economists tend to favor the free �ow of capital across national borders, because it allows capital to seek out the highest rate of return. Unrestricted capital �ows may also o¤er several advantages, as noted by Feldstein (2000). First, international �ows reduce the risk faced by owners of capital by al- lowing them to diversify their lending and investment. Second, the global integration of capital markets can contribute to the spread of best practices in corporate governance, accounting standards, and legal traditions. Third, the global mobility of capital limits the ability of governments to pursue bad policies. 1

Suggested Citation

  • Razin, Assaf & Sadka, Efraim, 2006. "Foreign Direct Investment: Analysis of Aggregate Flows," MPRA Paper 21916, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:21916
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    File URL: https://mpra.ub.uni-muenchen.de/21916/2/MPRA_paper_21916.pdf
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    Citations

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    Cited by:

    1. Fatica, Serena, 2009. "Taxation and the quality of institutions: asymmetric effects on FDI," MPRA Paper 24179, University Library of Munich, Germany, revised Jun 2010.
    2. Martijn J. Burger & Elena I. Ianchovichina, 2017. "Surges and stops in greenfield and M&A FDI flows to developing countries: analysis by mode of entry," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(2), pages 411-432, May.
    3. Assaf Razin & Efraim Sadka, 2007. "Productivity and Taxes as Drivers of FDI," NBER Working Papers 13094, National Bureau of Economic Research, Inc.
    4. Katheryn N. Russ & Diego Valderrama, 2009. "Financial choice in a non-Ricardian model of trade," Working Paper Series 2009-27, Federal Reserve Bank of San Francisco.

    More about this item

    Keywords

    Foreign Direct investment; Foreign Portfolio Investment;

    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business

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