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150128 ||| eng |
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|a 9781455201150
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245 |
0 |
0 |
|a FDI Flows to Low-Income Countries
|b Global Drivers and Growth Implications
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2010
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300 |
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|a 38 pages
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651 |
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4 |
|a United States
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653 |
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|a Interest rates
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653 |
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|a Investments, Foreign
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653 |
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|a Finance
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653 |
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|a International Trade Organizations
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653 |
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|a Real interest rates
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653 |
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|a Trade Policy
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653 |
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|a Long-term Capital Movements
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653 |
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|a Exports and Imports
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653 |
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|a Plurilateral trade
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653 |
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|a General Financial Markets: General (includes Measurement and Data)
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653 |
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|a International economics
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653 |
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|a International trade
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653 |
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|a Emerging and frontier financial markets
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653 |
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|a Banks and Banking
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653 |
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|a Financial Markets and the Macroeconomy
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653 |
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|a Financial services industry
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653 |
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|a Financial sector development
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653 |
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|a Interest Rates: Determination, Term Structure, and Effects
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653 |
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|a Finance: General
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653 |
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|a Foreign direct investment
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653 |
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|a International Investment
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710 |
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|a International Monetary Fund
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|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781455201150.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2010/132/001.2010.issue-132-en.xml?cid=23889-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large sample of middle and low-income countries. Two key results emerge: (i) lower borrowing costs and positive real-side external factors were increasingly important drivers of FDI outflows to low-income countries in the pre-crisis period; (ii) economic fundamentals, the strength of economic reforms, and commitment to macroeconomic discipline are crucial determinants of the growth dividends of FDI. Our paper suggests that low-income countries can turn to domestic policy solutions to mitigate the adverse effects of a potential decline in FDI in the post-crisis world
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