Country Portfolios
Capital flows to developing countries are small and take mostly the form of loans rather than direct foreign investment. We build a simple model of North-South capital flows that highlights the interplay between diminishing returns, production risk...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/06/4979487/country-portfolios http://hdl.handle.net/10986/14013 |
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okr-10986-140132021-04-23T14:03:21Z Country Portfolios Kraay, Aart Loayza, Norman Servén, Luis Ventura, Jaume CAPITAL FLOW DEVELOPING COUNTRIES LOANS FOREIGN INVESTMENT CAPITAL STOCKS LENDING IMPORTS POOR COMMUNITIES HUMAN CAPITAL TECHNOLOGY GROSS DOMESTIC PRODUCT ASSET PRICES ASSETS ASYMMETRIC INFORMATION BENCHMARK BONDS BORROWING CAPITAL FLOWS DEBT DIMINISHING RETURNS DISTRIBUTION OF WEALTH EQUALIZATION EQUATIONS EQUILIBRIUM EXPECTED RETURN EXPECTED VALUE EXPROPRIATION EXTERNALITY FINANCIAL MARKETS FINANCIAL TRANSACTIONS FOREIGN ASSETS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS GDP HUMAN CAPITAL IMPORTS INCOME INEFFICIENCY INTEREST RATE INTEREST RATES INTERNATIONAL FINANCIAL TRANSACTIONS INTERNATIONAL TRADE LAWS MARGINAL PRODUCT MARGINAL UTILITY MARGINAL VALUE MORAL HAZARD NASH EQUILIBRIUM PENALTIES PORTFOLIO PORTFOLIO DIVERSIFICATION PORTFOLIOS PROBABILITY OF DEFAULT PRODUCTION TECHNOLOGY PRODUCTIVITY RISK PREMIUM RISK SHARING SECURITIES SOVEREIGN RISK WEALTH Capital flows to developing countries are small and take mostly the form of loans rather than direct foreign investment. We build a simple model of North-South capital flows that highlights the interplay between diminishing returns, production risk and sovereign risk. This model generates a set of country portfolios and a world distribution of capital stocks that resemble those in the data. 2013-06-19T17:13:31Z 2013-06-19T17:13:31Z 2004-04 http://documents.worldbank.org/curated/en/2004/06/4979487/country-portfolios http://hdl.handle.net/10986/14013 English en_US Policy Research working paper series;no. WPS 3320 Policy Research Working Paper;No.3320 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
CAPITAL FLOW DEVELOPING COUNTRIES LOANS FOREIGN INVESTMENT CAPITAL STOCKS LENDING IMPORTS POOR COMMUNITIES HUMAN CAPITAL TECHNOLOGY GROSS DOMESTIC PRODUCT ASSET PRICES ASSETS ASYMMETRIC INFORMATION BENCHMARK BONDS BORROWING CAPITAL FLOWS DEBT DIMINISHING RETURNS DISTRIBUTION OF WEALTH EQUALIZATION EQUATIONS EQUILIBRIUM EXPECTED RETURN EXPECTED VALUE EXPROPRIATION EXTERNALITY FINANCIAL MARKETS FINANCIAL TRANSACTIONS FOREIGN ASSETS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS GDP HUMAN CAPITAL IMPORTS INCOME INEFFICIENCY INTEREST RATE INTEREST RATES INTERNATIONAL FINANCIAL TRANSACTIONS INTERNATIONAL TRADE LAWS MARGINAL PRODUCT MARGINAL UTILITY MARGINAL VALUE MORAL HAZARD NASH EQUILIBRIUM PENALTIES PORTFOLIO PORTFOLIO DIVERSIFICATION PORTFOLIOS PROBABILITY OF DEFAULT PRODUCTION TECHNOLOGY PRODUCTIVITY RISK PREMIUM RISK SHARING SECURITIES SOVEREIGN RISK WEALTH |
| spellingShingle |
CAPITAL FLOW DEVELOPING COUNTRIES LOANS FOREIGN INVESTMENT CAPITAL STOCKS LENDING IMPORTS POOR COMMUNITIES HUMAN CAPITAL TECHNOLOGY GROSS DOMESTIC PRODUCT ASSET PRICES ASSETS ASYMMETRIC INFORMATION BENCHMARK BONDS BORROWING CAPITAL FLOWS DEBT DIMINISHING RETURNS DISTRIBUTION OF WEALTH EQUALIZATION EQUATIONS EQUILIBRIUM EXPECTED RETURN EXPECTED VALUE EXPROPRIATION EXTERNALITY FINANCIAL MARKETS FINANCIAL TRANSACTIONS FOREIGN ASSETS FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS GDP HUMAN CAPITAL IMPORTS INCOME INEFFICIENCY INTEREST RATE INTEREST RATES INTERNATIONAL FINANCIAL TRANSACTIONS INTERNATIONAL TRADE LAWS MARGINAL PRODUCT MARGINAL UTILITY MARGINAL VALUE MORAL HAZARD NASH EQUILIBRIUM PENALTIES PORTFOLIO PORTFOLIO DIVERSIFICATION PORTFOLIOS PROBABILITY OF DEFAULT PRODUCTION TECHNOLOGY PRODUCTIVITY RISK PREMIUM RISK SHARING SECURITIES SOVEREIGN RISK WEALTH Kraay, Aart Loayza, Norman Servén, Luis Ventura, Jaume Country Portfolios |
| relation |
Policy Research working paper series;no.
WPS 3320 |
| description |
Capital flows to developing countries
are small and take mostly the form of loans rather than
direct foreign investment. We build a simple model of
North-South capital flows that highlights the interplay
between diminishing returns, production risk and sovereign
risk. This model generates a set of country portfolios and a
world distribution of capital stocks that resemble those in
the data. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Kraay, Aart Loayza, Norman Servén, Luis Ventura, Jaume |
| author_facet |
Kraay, Aart Loayza, Norman Servén, Luis Ventura, Jaume |
| author_sort |
Kraay, Aart |
| title |
Country Portfolios |
| title_short |
Country Portfolios |
| title_full |
Country Portfolios |
| title_fullStr |
Country Portfolios |
| title_full_unstemmed |
Country Portfolios |
| title_sort |
country portfolios |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/06/4979487/country-portfolios http://hdl.handle.net/10986/14013 |
| _version_ |
1764430352931094528 |