...Fouzia Amin; Sanmugam Annamalah Purpose This research has been carried out to look into the long run impact of the controls on capital inflows imposed during the years 1998‐2001 in Malaysia. The paper intends to capture the long‐term impact of capital controls in changing the composition...

...Ahmad Zubaidi Baharumshah; Hamizun Bin Ismail Purpose The purpose of this paper is to determine whether current account imbalances – surpluses or deficits – are “excessive” and hence constitute a valid concern. The second objective is to assess the degree of capital mobility by comparing...

...‐ and short‐run approach allows recognizing how macroeconomic conditions influence this capital flow in the steady state and during transitory episodes. To conduct the econometric analysis we consider bivariate models that include the remittances variable and each of the variables mentioned...

... conduct dynamic simulation exercises and explore the determinants of unemployment. Findings The analysis yields two main findings. First, the capital stock was the most important determinant of the unemployment trajectory in both countries. This result appears in all periods considered: in the slump...

...Glauco De Vita; Khine S. Kyaw Purpose The aim of the study is to investigate the relative significance of the determinants of disaggregated capital flows (foreign direct investment and portfolio flows) to five developing countries, across different time horizons. Design/methodology/approach...

...Phan Minh Ngoc Purpose The purpose of this paper is to measure the contribution of capital formation, labor, and technological progress to the growth of the Vietnamese economy, the impact of economic reforms (doi moi) since the end of 1986, and the rates of returns to capital and labor...

...Apostolos Serletis; Periklis Gogas Purpose To test the Feldstein‐Horioka hypothesis that the investment‐to‐output ratio moves one‐for‐one with the saving‐to‐output ratio, suggesting international capital mobility. Design/methodology/approach The paper uses the econometric framework developed...

...Rodney Schmidt Controls on short‐term capital inflows or panic‐driven capital outflows may benefit emerging markets that have fragile financial sectors and adjustable‐peg currency regimes. However, the controls seen so far are relatively easy to evade, often complex and obscure, and supported...

... with the rest of the world is analysed. Examines the factor content of net trade with data on foreign trade between the OECD countries and then determines average capital‐labour ratio as the OECD average. Both the hypotheses receive empirical support. Finds that the two‐factor version of the HOV theorem...

... law and classical economics. Continues by analysing the statements of German economists before Roscher on the issues of the general glut controversy. Ends with a closer inspection of Roscher′s own theory of crisis. © MCB UP Limited 1995 Capital Keynesian School Labour market Marxian...

... Kleinen” (Roscher, 1849b, pp. 117‐62 , originally published in Brockhaus, 1849). There he first points to the obvious and well known: factories produce with a much higher degree of capital intensity (p. 120) than the workshops of small artisans and can take the division of labour much further (p. 123...

... any other to popularise the Productivity theory in Germany”. Roscher (1878, section 189) put forth his physical productivity theory of interest more in a heuristic way than as an actual historical example. He postulated a primitive Capital Credit Debt Finance Loans Profit...

...Leland B. Yeager Addresses the theory of capital and interest of Eucken. Explains how Eucken works out the temporal aspects of the economic process in different monetary systems, market structures and economic systems. The theory is critically evaluated. Eucken made essential contributions...

...Gary C. Anders; Hiroshi Ohta; Joel Sailors A simple neo‐classical theory of the demand for capital goods service is presented to clarify the relationship between the marginal productivity of capital and Keynes′s concept of the marginal efficiency of capital. How the latter concept is related to con...