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Title:Essays in Foreign Investment
Author(s):Asiedu, Elizabeth
Doctoral Committee Chair(s):Villamil, Anne P.
Department / Program:Economics
Discipline:Economics
Degree Granting Institution:University of Illinois at Urbana-Champaign
Degree:Ph.D.
Genre:Dissertation
Subject(s):Economics, General
Abstract:The last essay presents a framework for analyzing indirect foreign investment flows when enforcement of private contracts is inadequate. We analyze conditions under which investment decisions are affected by a repayment incentive constraint, and study when "under investment" occurs. The optimal investment level is shown to be affected by changes in (i) the discount factor, (ii) the size of the domestic capital stock, and (iii) the world interest rate. We consider two policies that are frequently used by multilateral organizations: technical assistance and loan subsidies. We show that these policies improve welfare and provide a rationale for the operation of organizations such as the World Bank in conjunction with private markets.
Issue Date:1998
Type:Text
Language:English
Description:122 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1998.
URI:http://hdl.handle.net/2142/85629
Other Identifier(s):(MiAaPQ)AAI9904383
Date Available in IDEALS:2015-09-25
Date Deposited:1998


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