Capital flows, institutional quality and terms of trade

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This paper studies the relationship between FDI and the TOT in the less developed countries in response to the institutional quality that each presents. Our hypothesis is that the least developed countries with low institutional quality are reluctant to invest Rodrik [2007], suffer from credit const...

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Autores principales: Barone, Sergio, Descalzi, Ricardo, Navarrete, José Luis
Formato: conferenceObject
Lenguaje:Inglés
Publicado: Asociación Argentina de Economía Política 2022
Materias:
Capital flows
Terms of trade
Lucas Paradox
Intitutional quality
Acceso en línea:http://hdl.handle.net/11086/22942
Aporte de:
Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba
id I10-R14111086-22942
record_format dspace
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-141
collection Repositorio Digital Universitario (UNC)
language Inglés
topic Capital flows
Terms of trade
Lucas Paradox
Intitutional quality
spellingShingle Capital flows
Terms of trade
Lucas Paradox
Intitutional quality
Barone, Sergio
Descalzi, Ricardo
Navarrete, José Luis
Capital flows, institutional quality and terms of trade
topic_facet Capital flows
Terms of trade
Lucas Paradox
Intitutional quality
description This paper studies the relationship between FDI and the TOT in the less developed countries in response to the institutional quality that each presents. Our hypothesis is that the least developed countries with low institutional quality are reluctant to invest Rodrik [2007], suffer from credit constraints Agénor and Aizenman [2004], and face an endogenous risk premium given the asymmetries of information, depend on their collateral Gertler and Rogoff [1990], closely linked to the behavior of their TOT. We found that the coefficient that measures the response of FDI to TOT is decreasing with institutional quality. Countries with low quality experience a penalty for having low institutional quality.
format conferenceObject
author Barone, Sergio
Descalzi, Ricardo
Navarrete, José Luis
author_facet Barone, Sergio
Descalzi, Ricardo
Navarrete, José Luis
author_sort Barone, Sergio
title Capital flows, institutional quality and terms of trade
title_short Capital flows, institutional quality and terms of trade
title_full Capital flows, institutional quality and terms of trade
title_fullStr Capital flows, institutional quality and terms of trade
title_full_unstemmed Capital flows, institutional quality and terms of trade
title_sort capital flows, institutional quality and terms of trade
publisher Asociación Argentina de Economía Política
publishDate 2022
url http://hdl.handle.net/11086/22942
work_keys_str_mv AT baronesergio capitalflowsinstitutionalqualityandtermsoftrade
AT descalziricardo capitalflowsinstitutionalqualityandtermsoftrade
AT navarretejoseluis capitalflowsinstitutionalqualityandtermsoftrade
bdutipo_str Repositorios
_version_ 1764820395665391618

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