Foreign Capital and Economic Growth

By Eswar S. Prasad, R. Rajan, Arvind Subramanian. 2007

885 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/96bd116edb140cc4634faba1974246b918433114

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Citations in the corpus

Manufacturing as the key engine of economic growth for middle-income economies (2017, positive): “Many papers hold the view that for developing countries, cheap international capital cannot help with the economic growth directly (Kose et al. 2009; Prasad, Rajan, and Subramanian 2007).”
Growth and the Quality of Foreign Direct Investment: Is All FDI Equal? (2007, methodology): “We use a measure of dependence on external finance (equity rather than cash generated flows) as defined by Rajan and Zingales (1998). Our measure of skill is the ratio of high skilled workers to other workers in German industries, following Carlin and Mayer (2003).”
Growth after the Crisis (2009, positive): “As shown in Prasad et al. (2007) and Rodrik (2009), countries with larger net capital inflows and more open capital accounts tend to have more overvalued currencies.”
A Framework for Assessing Global Imbalances (2008, positive): “Furthermore, we will argue that not only the direction but also the composition of global capital fl ows provides some interesting insight into this new wave of fi nancial globalisation.”
Financial Globalization and Economic Policies (2009, neutral): “52 Prasad et al. (2007) estimate cross-country growth regressions with separate slopes on the exchange rate valuation variable for countries with overvalued and undervalued exchange rates.”
When and Why Worry About Real Exchange Rate Appreciation? The Missing Link Between Dutch Disease and Growth (2013, background): “linked activities (Prasad et al., 2007; Rodrik, 2008; Korinek and Serven, 2010).”
What Makes Growth Sustained? (2008, background): “Recent papers by Aizenman, Pinto, and Radziwill (2004), Rajan and Subramanian (2005), and Prasad, Rajan, and Subramanian (2007) focus on the current account and the role of role of domestic versus foreign savings in financing capital accumulation.”
Capital Flows and Economic Growth in the Era of Financial Integration and Crisis, 1990–2010 (2012, neutral): “2 Prasad et al. (2007) found that non-industrial countries that have relied more on foreign finance have not grown faster in the long run.”
Monetary Policy in Emerging Markets (2010, background): “…studies have found evidence that these benefits are genuine.130 Some, more specifically, have found that opening up equity markets facilitates the 126 Prasad, Rajan, and Subramanaian (2007); Alfaro, Kalemli-Ozcan and Volosovych (2008); Reinhart and Rogoff (2004); and Gourinchas and Jeanne (2009),…”
FDI, Productivity and Financial Development (2009, background): “…evidence by using data for OECD countries at the industry level and show that the relation between FDI at the industry level and growth is 26 Prasad et al. (2007), also focusing on correlations, find that in countries with weaker financial systems, foreign capital does not contribute to the…”