Long-Term International Capital Movements and Technology: A Review

September 1, 1999

Preview Citation

Format: Chicago

Harm Zebregs. Long-Term International Capital Movements and Technology: A Review, (USA: International Monetary Fund, 1999) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Capital flows, Income, Labor, Stocks, Technology

Keywords: Capital movement, Factor price equalization, Free trade, Interest rate, Open economy, Perfect competition, WP

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1999/126
Stock No:

WPIEA1261999
ISBN:

9781451854886
ISSN:

1018-5941

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