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Villamil, Anne P. Asiedu, Elizabeth 2015-09-25T22:47:41Z 2015-09-25T22:47:41Z 10000-01-01 1998 1998 "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." Made available in DSpace on 2015-09-25T22:47:41Z (GMT). No. of bitstreams: 2 license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5) 9904383.pdf: 5551467 bytes, checksum: 5d3ac53f97dc4df63bf8a0dc30ca0238 (MD5) Previous issue date: 1998 Embargo set by: Seth Robbins for item 86910 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 122 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1998. http://hdl.handle.net/2142/85629 (MiAaPQ)AAI9904383 eng Economics, General Essays in Foreign Investment text Economics Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.