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Details van artikel 5 van 16 gevonden artikelen
| Titel: |
Foreign capital inflow and the output growth rate of the recipient country: One-sector models compared |
| Auteur: |
Bacha, Edmar Lisboa |
| Verschenen in: |
The journal of development studies |
| Paginering: | Jaargang 10 (1974) nr. 3-4 pagina's 374-381 |
| Jaar: |
1974-04 |
| Inhoud: |
One of the main issues in the controversy about the desirability of the inflow of foreign capital in LDCs refers to the impact which this capital might have on the output growth rate of the recipient countries. In the first part of this paper we analyze the impact of foreign capital on the growth rate in the context of a savings constrained growth model with neo-classical technology. In the second part, we study the impact of foreign capital on the growth rate under balance-of-payments constrained growth. Two main conclusions are: under neoclassical conditions, foreign capital will have a positive impact on the growth rate of domestic income as long as it grows at a rate higher than the product of the domestic saving rate by the profit rate required by foreign capitalists. Under balance-of-payments constrained growth, the growth rate of foreign capital needs to be higher than its own profit rate in order to have a positive impact on the growth rate of territorial income, if foreign trade parameters of overseas and domestic firms are identical. |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 5 van 16 gevonden artikelen
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