External Adjustment
Article Abstract:
Gross stocks of foreign assets have increased rapidly relative to national outputs since 1990 and the short-run capital gains and losses on those assets can amount to significant fractions of GDP. These fluctuations in asset values render the national income and product account measure of the current account balance increasingly inadequate as a summary of the change in a country's net foreign assets.
Publication Name: Review of World Economics: Weltwirtschaftliches Archiv
Subject: Economics
ISSN: 1610-2878
Year: 2004
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Foreign direct investment and technology spillovers: Which firms really benefit?
Article Abstract:
Foreign direct investment contributes to host economies by increasing their efficiency either directly or through technology diffusion. A study reveals that while it is large, majority-held foreign firms that exhibit higher productivity, spillovers are important for small domestic firms and stem mostly from small joint ventures.
Publication Name: Review of World Economics: Weltwirtschaftliches Archiv
Subject: Economics
ISSN: 1610-2878
Year: 2004
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The color of money: the effects of foreign direct investment on economic growth in transition economies
Article Abstract:
The reasons for the positive growth recorded by the Eastern European and Baltic countries are explained. It was found that total factor productivity and GDP in the region grew together with the inflow of foreign direct investment (FDI), and the marginal contribution of FDI to growth is greater than that of domestic investment.
Publication Name: Review of World Economics: Weltwirtschaftliches Archiv
Subject: Economics
ISSN: 1610-2878
Year: 2004
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