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정근석

Chung, Keunsuk
Applied Macro Lab.
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dc.citation.endPage 105 -
dc.citation.number 1 -
dc.citation.startPage 86 -
dc.citation.title International Journal of Economic Policy in Emerging Economies -
dc.citation.volume 2 -
dc.contributor.author Chung, Keunsuk -
dc.date.accessioned 2023-12-22T08:09:48Z -
dc.date.available 2023-12-22T08:09:48Z -
dc.date.created 2014-11-07 -
dc.date.issued 2009-02 -
dc.description.abstract We develop a two-country stochastic growth model with production, relative price and sovereign default risks. Domestic production and relative price volatilities cause more fluctuations in the agents' portfolio decisions than the volatility of Foreign Direct Investment (FDI) production does. Both the sovereign risk and separability of FDI capital affect the composition of foreign capital inflows in two directions. The direct effect induces substitution of FDI for more Foreign Portfolio Investment (FPI) and foreign borrowing, while the indirect effect encourages FDI due to the increase in FDI's marginal contribution to the foreign agent's welfare after default. -
dc.identifier.bibliographicCitation International Journal of Economic Policy in Emerging Economies, v.2, no.1, pp.86 - 105 -
dc.identifier.doi 10.1504/IJEPEE.2009.022943 -
dc.identifier.issn 1752-0460 -
dc.identifier.uri https://scholarworks.unist.ac.kr/handle/201301/8445 -
dc.identifier.url https://www.inderscienceonline.com/doi/abs/10.1504/IJEPEE.2009.022943 -
dc.language 영어 -
dc.publisher Inderscience Publishers -
dc.title Foreign capital inflows: direct investment, equity investment, and foreign debt -
dc.type Article -
dc.description.isOpenAccess FALSE -
dc.type.docType Article -
dc.description.journalRegisteredClass scopus -

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