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LEADER 00000cam a22004574a 4500 
003    IMF 
005    20160324180516.0 
006    m     o  d         
007    cr cn||||||||| 
008    020129s2003    dcu     o    i00  0 eng d 
019    WPIEA1482003 
020    1451856849 :|c15.00 USD 
020    |z9781451856842 
022    1018-5941 
024 7  10.5089/9781451856842.001 
035    (IMF)WPIEA1482003 
040    DcWaIMF|beng 
100 1  Razin, Assaf. 
245 14 The Role of Information in Driving FDI Flows|h[electronic 
       resource] : |bHost-Country Transparency and Source-Country
       Specialization /|cAssaf Razin. 
260    Washington, D.C. :|bInternational Monetary Fund,|c2003. 
300    1 online resource (29 p.) 
490 1  IMF Working Papers; Working Paper ;|vNo. 03/148 
520 3  We develop a simple information-based model of FDI flows. 
       On the one hand, the abundance of "intangible" capital in 
       specialized industries in the source countries, which 
       presumably generates expertise in screening investment 
       projects in the host countries, enhances FDI flows. On the
       other hand, host-country corporate-transparency diminishes
       the value of this expertise, thereby reducing the flow of 
       FDI. Empirical evidence (from a sample of 9 source 
       countries and 13 host countries over the 1980s and 1990s),
       analyzed in a gravity-equation model, provides support for
       the theoretical hypotheses. The model also demonstrates 
       that the gains for the host country from FDI (over foreign
       portfolio investment (FPI)) are reflected in a more 
       efficient size of the stock of domestic capital and its 
       allocation across firms. These gains are shown to depend 
       crucially (and positively) on the degree of competition 
       among FDI investors. 
588    Description based on print version record. 
655  7 Direct Investment|2imf 
655  7 Domestic Investment|2imf 
655  7 FDI|2imf 
655  7 Host Countries|2imf 
655  7 International Factor Movements and International Business
       |2imf 
655  7 Investors|2imf 
700 1  Mody, Ashoka. 
700 1  Razin, Assaf. 
700 1  Sadka, Efraim. 
776 08 |iPrint Version:|aRazin, Assaf.|tThe Role of Information 
       in Driving FDI Flows : Host-Country Transparency and 
       Source-Country Specialization|dWashington, D.C. : 
       International Monetary Fund, 2003.|z9781451856842 
830  0 IMF Working Papers; Working Paper ;|vNo. 03/148 
856 40 |uhttps://ezp.lib.unimelb.edu.au/login?url=http://
       elibrary.imf.org/view/IMF001/07273-9781451856842/07273-
       9781451856842/07273-9781451856842.xml|zConnect to ebook 
       (University of Melbourne only) 
990    Batch Ebook load (bud2) - do not edit, delete or attach 
       any records. 
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