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dc.contributor.authorGall, Thomasen_US
dc.contributor.authorSchiffbauer, Marcen_US
dc.contributor.authorKubny, Juliaen_US
dc.date.accessioned2010-09-13T15:07:57Z-
dc.date.available2010-09-13T15:07:57Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/40002-
dc.description.abstractThis paper argues that foreign direct investment in economies with credit market imperfections may increase their vulnerability to capital flow shocks. Due to better access to financial markets foreign firms can use other wage contracts than domestic ones. This alters the domestic wage composition and the subsequent wealth distribution. When credit markets are imperfect, the wealth distribution typically determines an economy's growth potential in autarky; hence, high exposure to foreign direct investment may significantly impede the capability to recover from sudden withdrawals of foreign capital. This is substantiated by empirical evidence on durations of output recovery after systemic sudden stops.en_US
dc.language.isoengen_US
dc.publisherVerein für Socialpolitik, Ausschuss für Entwicklungsländer Göttingenen_US
dc.relation.ispartofseriesProceedings of the German Development Economics Conference, Hannover 2010 5en_US
dc.subject.jelF43en_US
dc.subject.jelF23en_US
dc.subject.jelO16en_US
dc.subject.ddc330en_US
dc.subject.keywordCredit market imperfectionsen_US
dc.subject.keywordforeign direct investmenten_US
dc.subject.keywordgrowthen_US
dc.subject.keywordoccupational choiceen_US
dc.subject.keywordsudden stopsen_US
dc.titleDynamic Effects of Foreign Direct Investment When Credit Markets are Imperfecten_US
dc.typeConference Paperen_US
dc.identifier.ppn654351104-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:gdec10:5-
Appears in Collections:Proceedings of the German Development Economics Conference, 2010 (Hannover)

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