Capital controls and foreign direct investment

被引：70

作者：

Asiedu, E ^{[1
]}

Lien, D

机构：

[1] Univ Kansas, Lawrence, KS 66045 USA

[2] Univ Texas San Antonio, San Antonio, TX 78285 USA

来源：

WORLD DEVELOPMENT | 2004年 / 32卷 / 03期

关键词：

capital controls; capital flows; current account restrictions; developing countries; foreign direct investment; liberalization;

D O I：

10.1016/j.worlddev.2003.06.016

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper examines the effect of three types of capital control policies on FDI (a) the existence of multiple exchange rates; (b) restrictions on capital account, and (c) restrictions on the repatriation of export proceeds. We find that the impact of capital controls on FDI varies by region and has changed over time. In the. 1970s and 1980s, none of the policies had a significant impact on FDI. In the 1990s, all three were significant. Furthermore, capital controls have no effect on FDI to sub-Saharan Africa and the Middle East, but affects FDI to East Asia and Latin America adversely. (C) 2003 Elsevier Ltd. All rights reserved.

引用

页码：479 / 490

页数：12

共 30 条

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