| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17527 |
| DP17527 Capital Flows and Institutions | |
| Deniz Igan; Alexandre Lauwers; Damien Puy | |
| 发表日期 | 2022-08-01 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Consistent with an institutional quality channel of capital flows, we show that industries that are more dependent on ‘‘good’’ institutions grow relatively more after foreign capital flows into the private sector. The effects are stronger in countries further away from the institutional frontier, but they disappear and even turn negative in countries with very low institutional quality. Institution-dependent industries grow, however less when capital flows to the official sector. Our findings support the view that foreign investors can be, under certain conditions, a catalyst for institutional reform and that the relaxation of government budget constraints generally weakens structural reform incentives. |
| 主题 | Development Economics ; International Macroeconomics and Finance |
| 关键词 | Capital flows Institutions Manufacturing |
| URL | https://cepr.org/publications/dp17527 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546612 |
| 推荐引用方式 GB/T 7714 | Deniz Igan,Alexandre Lauwers,Damien Puy. DP17527 Capital Flows and Institutions. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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