search query: @indexterm ECONOMIC THEORY / total: 1079
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| Author: | Razmi, A. |
| Title: | Does pleasing export-oriented foreign investors help your balance of payments? A general equilibrium analysis |
| Journal: | Oxford Economic Papers
2009 : JAN, VOL. 61:1, p. 128-149 |
| Index terms: | economic theory exports direct investment foreign investment balance of payments equilibrium analysis models |
| Freeterms: | FDI |
| Language: | eng |
| Abstract: | In this study, foreign direct investment (FDI) inflows are endogenized in a structuralist general equilibrium framework. This study's economy consists of: (i) a non-tradable goods (henceforth as: non-trbls.) sector and (ii) an export processing zone (EPZ) hosting transnational corporations. It is found that most of the commonly pursued policies considered are likely to have a negative impact on the balance of payments due to: (i) income redistribution towards groups more likely to spend on imported goods, (ii) higher capacity utilization in the EPZ, and (iii) the excess supply of non-trbls. created, which in turn has an adverse valuation effect through a real internal depreciation etc. |
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