Labor, Capital, and Finance: International Flows

ISBN-13: 9780521780742 / Angielski / Twarda / 2001 / 194 str.

Assaf Razin; Efraim Sadka

Opis

This book fills a gap in the literature by combining elements from seemingly disjointed parts of economics and presenting them in a consistent analytical framework. It lays the groundwork for the integration of capital, labor, and finance into a unified treatment of globalization. The book is intended as a compact textbook for advanced undergraduate and graduate courses in special topics in international economics and public economics. It can also serve as a reference text for applied researchers and policy professionals.

Spis treści

Part I. A Standard Analysis of Factor Mobility: 1. Beneficial versus distortionary mobility of factors of production; 2. Factor mobility and goods trade: do they substitute each other?; Part II. Migration to the Welfare State: 3. Intertemporal social insurance and migration; 4. Intratemporal social insurance: attractiveness to migrants and attitude of native-born; 5. Intratemporal social insurance: the interaction between migration and the size of the welfare state; 6. The effects of migration on the welfare state: empirical evidence; Part III. Distorted Capital Flows: 7. Bank runs and capital flow reversals; 8. Country risk and capital flow reversals; 9. Foreign portfolio equity investment and the saving-investment correlation; 10. Foreign direct investment: a challenge for control of domestic capital; 11. Foreign direct investment: a vehicle for technology transfer and increased competition.