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EF, Centralna ekonomska knjižnica, Ljubljana (CEKLJ)
  • International finance and income convergence : Europe is different
    Abiad, Abdul ; Leigh, Daniel ; Mody, Ashoka
    Recent studies conclude that the ongoing global financial integration may havehad little or no value in advancing economic growth, especially in poor countries. Capital is often found to flow ... "uphill" from poor to rich countries. And, when it does flow into the less developed economies, it is negatively correlated with growth, calling into question the desirability of foreign capital. In this paper we report that Europe-including the new member states of the European Union-provides a counterexample to these global anomalies. With increasing financial integration, capital in Europe has traveled "downhill" from rich to poor countries, and has done so with gathering strength. These inflows have been associated with significant acceleration of income convergence.
    Vrsta gradiva - statistični pregled
    Založništvo in izdelava - [Washington] : International Monetary Fund, 2007
    Jezik - angleški
    COBISS.SI-ID - 17268710

Signatura – lokacija, inventarna št. ... Status izvoda
Skladišče II 12065/07 gl. publikacijo
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