Growth in the Shadow of Expropriation

By Mark Aguiar, Manuel Amador. 2011

296 citations recorded by the source corpus.

Subfields: Development, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/bb98fd1a3c4d4805df94c31efce0a5b09b2a2b12

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Development

1. Torsten Persson
2. G. Zucman
3. Francisco J. Buera
4. Yongseok Shin
5. David Yanagizawa-Drott
6. Timothy J. Besley

In Economics and Econometrics

1. T. Besley
2. Yongseok Shin
3. Francisco J. Buera
4. G. Zucman
5. Ethan Ilzetzki
6. Stéphane Guibaud
7. Nicolas Coeurdacier
8. Torsten Persson

In Strategy and Management

1. G. Zucman
2. Francisco J. Buera
3. Yongseok Shin
4. Nicolas Coeurdacier
5. T. Besley

Citations in the corpus

• Credit constraints and growth in a global economy (2012, background): “Alongside these events are three striking and unprecedented macroeconomic trends: (1) a large and persistent increase in the private saving rate in emerging Asia against a steady decline in the private saving rate in advanced economies; (2) the emergence of global imbalances, with developing countri”
• The Missing Wealth of Nations: Are Europe and the U.S. net Debtors or net Creditors? (2013, background): “My computations find that around 8% 1See Dooley, Folkerts-Landau, and Garber (2003), Bernanke (2005), Dollar and Kraay (2006), Engel and Rogers (2006), Caballero, Farhi, and Gourinchas (2008), Mendoza, Rios-Rull, and Quadrini (2009), Carroll and Jeanne (2009), Ma and Haiwen (2009), Obstfeld, Shambau”
• A Tractable Model of Precautionary Reserves, Net Foreign Assets, or Sovereign Wealth Funds (2009, unknown): “Aguiar and Amador (2011) explain the capital outflows by the accumulation of foreign exchange reserves that are posted as a “bond" to prevent the expropriation of investors.”
• Capital Account Policies and the Real Exchange Rate (2012, unknown): “The evidence however suggests that the upstream flow in capital is linked to public flows and in particular reserve accumulation (Aguiar and Amador, 2011; Gourinchas and Jeanne, 2011).”
• Weak States and Steady States: The Dynamics of Fiscal Capacity (2013, background): “We follow the recent literature (cf. Acemoglu, Golosov and Tsyvinsky (2008, 2011) and Aguiar and Amador (2011)) and restrict attention to Pareto-effi cient equilibria.”
• Sovereign Debt Markets in Turbulent Times: Creditor Discrimination and Crowding-Out Effects (2014, unknown): “References [1] Aguiar, M.”
• SOVEREIGNS, UPSTREAM CAPITAL FLOWS, AND GLOBAL IMBALANCES: Sovereigns, Upstream Capital Flows, and Global Imbalances (2014, unknown): “Including the central bank is also consistent with recent studies that consider reserve asset accumulation as part of the government’s net assets; see Aguiar and Amador (2011).”
• Rethinking the Effects of Financial Globalization (2016, unknown): “Equation (2) shows how output is split between the young generation who owns the labor and the old generation who owns the capital stock.”
• Productivity Growth and Capital Flows: The Dynamics of Reforms (2017, background): “Aguiar and Amador (2011) provide a political economy explanation for why the governments of rapidly-growing countries accumulate net foreign assets rather than liabilities.”
• International Reserves and Rollover Risk (2013, unknown): “Trade-offs between short-term debt and long-term debt are also analyzed in an active growing literature, which includes Niepelt (2014), Hatchondo, Martinez, and Sosa-Padilla (2016), Broner, Lorenzoni, and Schmukler (2013), Dovis (forthcoming), and Aguiar et al. (2016a). None of these studies allow t”