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 and sovereign risk. This model generates a set of country portfolios and a world distribution of capital stocks that resemble those in the data.
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dig-okr-10986140132024-08-08T17:32:59Z Country Portfolios Loayza, Norman Kraay, Aart Ventura, Jaume Servén, Luis 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 https://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 application/pdf text/plain World Bank, Washington, D.C. |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| 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 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 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 Loayza, Norman Kraay, Aart Ventura, Jaume Servén, Luis Country Portfolios |
| 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. |
| topic_facet |
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 |
| author |
Loayza, Norman Kraay, Aart Ventura, Jaume Servén, Luis |
| author_facet |
Loayza, Norman Kraay, Aart Ventura, Jaume Servén, Luis |
| author_sort |
Loayza, Norman |
| 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 |
2004-04 |
| url |
http://documents.worldbank.org/curated/en/2004/06/4979487/country-portfolios https://hdl.handle.net/10986/14013 |
| work_keys_str_mv |
AT loayzanorman countryportfolios AT kraayaart countryportfolios AT venturajaume countryportfolios AT servenluis countryportfolios |
| _version_ |
1807157449006776320 |