Foreign Capital, Savings and Growth : An International Cross-Section Study

The growing disparity between the developed and the developing countries has once again rekindled the debate about the relative merits of foreign investment as means whereby the developed countries can help the devel­ oping countries in both achieving a reasonable rate of growth and also from preven...

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Main Authors: Gupta, Kanhaya L., Islam, M. Anisul (Author)
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Dordrecht Springer Netherlands 1983, 1983
Series:International Studies in Economics and Econometrics
Subjects:
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
Table of Contents:
  • 4. Comparison with the 1960s
  • VII / The Multiplier Analysis
  • 1. Reduced Forms and the Elasticity Multipliers
  • 2. Direct Versus Total Effects of Capital Inflows
  • 3. Importance of Capital Inflows Relative to That of Other Factors
  • 4. Some Other Implications of the Elasticity Multipliers
  • 5. Comparison of the 1960s with the 1970s
  • VIII / Stability Analysis
  • 1. An Outline of the Test Procedure
  • 2. The Stability of the Savings Rate Equation
  • 3. The Stability of the Growth Rate Equation
  • IX / Aggregation and Predictions
  • 1. The Savings Rate Predictions
  • 2. The Growth Rate Predictions
  • 3. Some Comments on the Classification of Countries as ‘Overachievers’ and ‘Underachieves’
  • X / Conclusions
  • 1. A Brief Summary of the Methodology
  • 2. Summary of the Major Findings and Some Policy Implications
  • 3. Suggestions for Further Research
  • Appendix A / The Sample
  • Appendix B / The Sources of Data and the Definition of the Variables Used
  • Some Descriptive Indicators
  • 1. Trends, Patterns and Sources of Different Types of Foreign Capital Inflows
  • 2. Summary Statistics of Sample Data on Growth, Savings, Income and Capital Inflows
  • 3. Some Further Interpretations
  • III / Foreign Capital and Growth
  • 1. Review of Some of the Recent Empirical Studies
  • 2. The Model
  • 3. The Empirical Results
  • 4. Further Analysis of Group Estimates
  • IV / Foreign Capital and Savings
  • 1. Review of the Selected Literature
  • 2. The Model
  • 3. The Results
  • 4. Results for Income and Geographical Groups
  • V / Foreign Capital, Growth and Savings: Implications of a Simultaneous Equations Approach
  • 1. Review of Bacha and Papanek Studies
  • 2. Implications of Simultaneity
  • VI / Foreign Capital, Growth and Savings: A Simultaneous Equations Model
  • 1. The Model
  • 2. A Brief Discussion of the Structural Equations
  • 3. The Estimates
  • Appendix C / The Reduced Form Equations and Elasticity Multiplier Tables