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dc.contributor.authorNordås, Hildegunn Kyvik
dc.date.accessioned2008-02-27T12:14:56Z
dc.date.accessioned2017-03-29T09:12:50Z
dc.date.available2008-02-27T12:14:56Z
dc.date.available2017-03-29T09:12:50Z
dc.date.issued2000
dc.identifier.isbn82-90584-56-3
dc.identifier.issn0804-3639
dc.identifier.urihttp://hdl.handle.net/11250/2435947
dc.description.abstractThis paper introduces endogenous adoption costs for productive assets in a Ramsey type growth model with international capital flows. There are two classes of productive assets: owner-specific and location-specific. Adoption costs are an increasing function of the level of technology embodied in the investor's owner-specific assets and a declining function of the host country's location-specific assets. In this setting the observed pattern of international capital flows is consistent with diminishing returns to capital. Further, our model predicts the sectoral allocation of investment and output observed in the South.
dc.language.isoeng
dc.publisherChr. Michelsen Institute
dc.relation.ispartofseriesCMI Working paper
dc.relation.ispartofseriesWP 2000: 5
dc.subjectCapital movements
dc.subjectInternational finance
dc.subjectEconomic growth
dc.subjectIndustrial structure
dc.subjectJEL: F21, O4
dc.titlePatterns of foreign direct investment in poor countries
dc.typeWorking paper


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