Long-Term International Capital Movements and Technology : A Review

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Long-Term International Capital Movements and Technology : A Review
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Volume/Issue:
1999/126
Series:
IMF Working Papers
Author(s):
Harm Zebregs
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
September 1999
DOI:
http://dx.doi.org/10.5089/9781451854886.001
ISBN:
9781451854886
ISSN:
1018-5941
Page:
28
This paper reviews the theoretical literature on the question of how long-term international capital movements depend on the international distribution of technology. It focuses on long-term investment flows, as these are more affected by international differences in technologies than short-term financial flows. International capital movements are investigated in the context of various technology specifications, ranging from models with only one common technology to those with multiple and endogenous technologies. The paper demonstrates that the theoretical specification of technology is crucial to the prediction of the size and direction of international capital movements.

Long-Term International Capital Movements and Technology

Author(s):
Harm Zebregs
Published Date:
September 1999
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