Country portfolios

被引：51

作者：

Kraay, A ^{[1
]}

Servén, L

Loayza, N

Ventura, J

机构：

[1] World Bank, Washington, DC 20433 USA

[2] Univ Pompeu Fabra, Barcelona, Spain

来源：

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION | 2005年 / 3卷 / 04期

关键词：

D O I：

10.1162/1542476054430843

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Capital flows to developing countries are small and mostly take the form of loans rather than direct foreign investment. We build a simple model of North-South capital flows that highlights the interplay between diminishing returns, production risk, and sovereign risk. This model generates a set of country portfolios and a world distribution of capital stocks that resemble those in the data.

引用

页码：914 / 945

页数：32

共 15 条

[1] The composition of international capital flows: risk sharing through foreign direct investment [J].