Publication: Country Portfolios
Date
2004-04
ISSN
Published
2004-04
Author(s)
Abstract
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.
Link to Data Set
Citation
“Kraay, Aart; Loayza, Norman; Servén, Luis; Ventura, Jaume. 2004. Country Portfolios. Policy Research working paper series;no.
WPS 3320; Policy Research Working Paper;No.3320. © World Bank, Washington, D.C.. http://hdl.handle.net/10986/14013 License: CC BY 3.0 IGO.”
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