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:	Two-way capital flows Production uncertainty Studies Uncertainty Foreign investment Capital movement Two-way capital flows Production uncertainty F15 F2
Online Access:	available in Bonn?
Database:	RePEc RePEc IDEAS CrossRef Database information Databases - DBIS