The Experts below are selected from a list of 150 Experts worldwide ranked by ideXlab platform
Christophe Rault - One of the best experts on this subject based on the ideXlab platform.
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The rationality of French investors before World War I: a cliometric contribution
Historical Social Research, 2006Co-Authors: Antoine Parent, Christophe RaultAbstract:This paper can be seen as an illustration of the cliometric approach and its contribution to the knowledge of French international Capital movements before WW1. Using a formal theoretical framework and advanced eco- nometric technics improves our understanding of the influ- ences of French Capital Exports from the end of the 19 th cen-
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The Influences Affecting French Assets Abroad Prior to 1914
The Journal of Economic History, 2004Co-Authors: Antoine Parent, Christophe RaultAbstract:In this study we show that French foreign investment from the end of the nineteenth century until the eve of the First World War was driven by economic and financial considerations. This refutes the hitherto accepted thesis that French Capital Exports were motivated by diplomatic and political factors. By using economic modeling that combines microeconomic and econometric approaches, we show that the geographic distribution of French financial flows was consistent with rational economic behavior.
Antoine Parent - One of the best experts on this subject based on the ideXlab platform.
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The rationality of French investors before World War I: a cliometric contribution
Historical Social Research, 2006Co-Authors: Antoine Parent, Christophe RaultAbstract:This paper can be seen as an illustration of the cliometric approach and its contribution to the knowledge of French international Capital movements before WW1. Using a formal theoretical framework and advanced eco- nometric technics improves our understanding of the influ- ences of French Capital Exports from the end of the 19 th cen-
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The Influences Affecting French Assets Abroad Prior to 1914
The Journal of Economic History, 2004Co-Authors: Antoine Parent, Christophe RaultAbstract:In this study we show that French foreign investment from the end of the nineteenth century until the eve of the First World War was driven by economic and financial considerations. This refutes the hitherto accepted thesis that French Capital Exports were motivated by diplomatic and political factors. By using economic modeling that combines microeconomic and econometric approaches, we show that the geographic distribution of French financial flows was consistent with rational economic behavior.
Francesco Schettino - One of the best experts on this subject based on the ideXlab platform.
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the long run determinants of british Capital Exports 1870 1913
Financial History Review, 2011Co-Authors: Mauro Rota, Francesco SchettinoAbstract:Unlike recent contributions in the field, which discuss the geography of British overseas investments, this article focuses on the growth of Capital Exports from Great Britain during the period 1870–1913. Using a broader concept of foreign investments, which includes foreign direct investments (FDIs), and refocusing on the push and pull factors emphasised in earlier literature, we propose a framework able to capture the long-run determinants of British Capital Exports. Moreover, the framework includes elements suggested by early and recent works such as the institutional setup of the international economy and the evolution of world trade. The most relevant result, in an error correction model environment, is that the timing of British overseas investments in the long run seems to be related to the evolution of world trade, domestic growth and to the role of India as a colony. On the other hand, the attraction elements of the borrowing countries, captured by the risk-adjusted realised rates of return abroad, have been proven to matter in the short run.
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The long-run determinants of British Capital Exports, 1870–1913
Financial History Review, 2010Co-Authors: Mauro Rota, Francesco SchettinoAbstract:Unlike recent contributions in the field, which discuss the geography of British overseas investments, this article focuses on the growth of Capital Exports from Great Britain during the period 1870–1913. Using a broader concept of foreign investments, which includes foreign direct investments (FDIs), and refocusing on the push and pull factors emphasised in earlier literature, we propose a framework able to capture the long-run determinants of British Capital Exports. Moreover, the framework includes elements suggested by early and recent works such as the institutional setup of the international economy and the evolution of world trade. The most relevant result, in an error correction model environment, is that the timing of British overseas investments in the long run seems to be related to the evolution of world trade, domestic growth and to the role of India as a colony. On the other hand, the attraction elements of the borrowing countries, captured by the risk-adjusted realised rates of return abroad, have been proven to matter in the short run.
Rui Pedro Esteves - One of the best experts on this subject based on the ideXlab platform.
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Between Imperialism and Capitalism. European Capital Exports Before 1914
SSRN Electronic Journal, 2012Co-Authors: Rui Pedro EstevesAbstract:This paper compares the patterns of foreign investment of two large Capital-exporting countries before 1914 - Great Britain and Germany. An original database of German Capital Exports, comparable to Stone’s (1999) data for British Capital ∞ows was compiled for the period 1883-1913. Three classes of variables were tested as determinants of Capital ∞ows: political conditions in recipient countries, long-term prospects of growth, and institutional characteristics. The empirical analysis supports the view that German Capital ∞ows responded to long-term prospects of growth of recipient countries (\fundamentals") as much as British investment. This conclusion is robust after controlling for political a‐liation and suggests that the sharp distinction in the literature between \developmental" and \revenue" flnances is probably a flgment of the absence of detailed data on Capital Exports outside of Britain.
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The Belle Epoque of International Finance: French Capital Exports, 1880‐1914
SSRN Electronic Journal, 2011Co-Authors: Rui Pedro EstevesAbstract:This paper introduces a new dataset of French investments in foreign securities. This is the most detailed data available to date. The data is used to study the composition, valuation, and total return of the French portfolio of non‐sovereign foreign securities on the 34 years before World War I. Additional insights are obtained about the structure of the financial market in France.
Mauro Rota - One of the best experts on this subject based on the ideXlab platform.
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the long run determinants of british Capital Exports 1870 1913
Financial History Review, 2011Co-Authors: Mauro Rota, Francesco SchettinoAbstract:Unlike recent contributions in the field, which discuss the geography of British overseas investments, this article focuses on the growth of Capital Exports from Great Britain during the period 1870–1913. Using a broader concept of foreign investments, which includes foreign direct investments (FDIs), and refocusing on the push and pull factors emphasised in earlier literature, we propose a framework able to capture the long-run determinants of British Capital Exports. Moreover, the framework includes elements suggested by early and recent works such as the institutional setup of the international economy and the evolution of world trade. The most relevant result, in an error correction model environment, is that the timing of British overseas investments in the long run seems to be related to the evolution of world trade, domestic growth and to the role of India as a colony. On the other hand, the attraction elements of the borrowing countries, captured by the risk-adjusted realised rates of return abroad, have been proven to matter in the short run.
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The long-run determinants of British Capital Exports, 1870–1913
Financial History Review, 2010Co-Authors: Mauro Rota, Francesco SchettinoAbstract:Unlike recent contributions in the field, which discuss the geography of British overseas investments, this article focuses on the growth of Capital Exports from Great Britain during the period 1870–1913. Using a broader concept of foreign investments, which includes foreign direct investments (FDIs), and refocusing on the push and pull factors emphasised in earlier literature, we propose a framework able to capture the long-run determinants of British Capital Exports. Moreover, the framework includes elements suggested by early and recent works such as the institutional setup of the international economy and the evolution of world trade. The most relevant result, in an error correction model environment, is that the timing of British overseas investments in the long run seems to be related to the evolution of world trade, domestic growth and to the role of India as a colony. On the other hand, the attraction elements of the borrowing countries, captured by the risk-adjusted realised rates of return abroad, have been proven to matter in the short run.
