Foreign Capital in Developing Economies by Stefano Manzocchi
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Foreign Capital in Developing Economies

Foreign Capital in Developing Economies


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About the 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 Author: 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.


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Product Details
  • ISBN-13: 9780333747032
  • Publisher: Palgrave MacMillan
  • Publisher Imprint: Palgrave Macmillan
  • Height: 216 mm
  • No of Pages: 199
  • Series Title: 427
  • Sub Title: Perspectives from the Theory of Economic Growth
  • Width: 140 mm
  • ISBN-10: 0333747038
  • Publisher Date: 09 Jul 1999
  • Binding: Hardback
  • Language: English
  • Returnable: N
  • Spine Width: 16 mm
  • Weight: 480 gr


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