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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. Assaf Razin & Efraim Sadka, 2007. "Productivity and Taxes as Drivers of FDI," Working Papers 172007, Hong Kong Institute for Monetary Research.
    2. Fatica, Serena, 2009. "Taxation and the quality of institutions: asymmetric effects on FDI," MPRA Paper 24179, University Library of Munich, Germany, revised Jun 2010.
    3. Katheryn N. Russ & Diego Valderrama, 2009. "Financial Choice in a Non-Ricardian Model of Trade," NBER Working Papers 15528, National Bureau of Economic Research, Inc.
    4. 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.

    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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