Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/40002 
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dc.contributor.authorGall, Thomasen
dc.contributor.authorSchiffbauer, Marcen
dc.contributor.authorKubny, Juliaen
dc.date.accessioned2010-09-13T15:07:57Z-
dc.date.available2010-09-13T15:07:57Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aVerein für Socialpolitik, Ausschuss für Entwicklungsländer |cGöttingenen
dc.relation.ispartofseries|aProceedings of the German Development Economics Conference, Hannover 2010 |x5en
dc.subject.jelF43en
dc.subject.jelF23en
dc.subject.jelO16en
dc.subject.ddc330en
dc.subject.keywordCredit market imperfectionsen
dc.subject.keywordforeign direct investmenten
dc.subject.keywordgrowthen
dc.subject.keywordoccupational choiceen
dc.subject.keywordsudden stopsen
dc.titleDynamic Effects of Foreign Direct Investment When Credit Markets are Imperfect-
dc.typeConference Paperen
dc.identifier.ppn654351104en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:gdec10:5en

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