Foreign Capital In Developing Economies

Perspectives from the Theory of Economic Growth

Authors: Manzocchi, Stefano

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About this book

The object of this volume is to evaluate the pattern and the function of foreign capital in developing countries in a long-run perspective. The main conceptual instruments employed are the theory of economic growth, and the techniques associated with recent advances in growth econometrics. This empirical work points out that there is no mechanical trade-off between the short-term dangers and the long-run gains from capital market integration, but the growth benefits of foreign capital in transforming economies are conditional on an effective destination of the resources. Over-borrowing and excessive consumption are the main pitfalls in the short- as in the long-run. Nevertheless, foreign capital can be conducive to faster growth and possibly higher welfare.

About the authors

STEFANO MANZOCCHI is Associate Professor of Economics, University of Perugia. He has been a Visiting Scholar, Research Department, International Monetary Fund, Washington, DC, 1996; a consultant for the European Union and for the Research Centre on the Italian and European Economy. He has published on capital flows and external finance in a range of major economic journals.

Table of contents (8 chapters)

Table of contents (8 chapters)
  • Introduction: A Growth-theory Approach to Capital Flows in Developing Countries

    Pages 3-9

    Manzocchi, Stefano

  • Recovery, Insolvency and Stagnation: The Flow of Foreign Capital to Developing Economies in Historical Perspective

    Pages 10-30

    Manzocchi, Stefano

  • Growth Theory and the Determinants of Capital Flows

    Pages 33-53

    Manzocchi, Stefano

  • Growth Theory and the Effects of Capital Flows

    Pages 54-76

    Manzocchi, Stefano

  • Measuring Capital Mobility in Developing Economies

    Pages 79-104

    Manzocchi, Stefano

Buy this book

eBook $119.00
price for USA
  • ISBN 978-1-349-27620-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-0-333-74703-2
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Foreign Capital In Developing Economies
Book Subtitle
Perspectives from the Theory of Economic Growth
Authors
Copyright
1999
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-1-349-27620-2
DOI
10.1007/978-1-349-27620-2
Hardcover ISBN
978-0-333-74703-2
Edition Number
1
Number of Pages
XVIII, 199
Topics