A risk-based rationale for two-way capital flows: Why do capital flights and inward foreign direct investments co-exist?

This paper develops a positive theory of two-way capital flows—the outward flight of productive capital, and inward foreign direct investment that acquires ownership of local production units. The model exploits insights from decision-making under uncertainty, and traces out how entrepreneurial ince...

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Bibliographic details
Volume: 16
Main Author: Basu, Arnab K
Chau, Nancy H
Format: Journal Article
Language: English
Place of publication: Greenwich Elsevier Inc 2007
Elsevier
Elsevier Science Ltd
published in: International review of economics & finance Vol. 16; no. 1; pp. 37 - 59
Data of publication: 2007
ISSN: 1059-0560
1873-8036
EISSN: 1873-8036
Discipline: Economics
Business
Series: International Review of Economics & Finance
Subjects:
F15
F2
Online Access: available in Bonn?
Database: RePEc
RePEc IDEAS
CrossRef
Database information Databases - DBIS