Behavioral and empirical perspectives on FDI: International capital allocation across Asia

Douglas H. Brooks, David Roland-Holst () and Fan Zhai ()

Journal of Asian Economics, 2008, vol. 19, issue 1, pages 40-52

Abstract: We investigate Asia's recent experience in international capital allocation through flows of foreign direct investment. A calibrated general equilibrium model with a new capital flow modelling component is applied to highlight underlying relationships between a Heckscher-Ohlin (labor and capital) endowment perspective and such considerations as human capital, productivity, endogenous growth, and institutional behavior. Our results support the argument that all these factors played a role in Asia's recent growth, to different degrees in different countries, with complex relationships to investment incentives. In addition, new directions for further research in the FDI-growth linkages policy area are identified.

Date: 2008

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Persistent link: http://EconPapers.repec.org/RePEc:eee:asieco:v:19:y:2008:i:1:p:40-52

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