Seminar on International Economics

时间：2015年9月22日（周二）10：30－12：00 am
地点：北大国发院/中国经济研究中心512教室
主持人：余淼杰
主讲人：曾志雄（Monash University）

题目：Expropriations and Foreign Direct Investment in a Positive Economic Theory of Foreign Aid

摘要：This paper articulates a positive economic theory of foreign aid and presents a novel analysis of the nexus between institutions, foreign direct investment (FDI), and aid. In the model aid is motivated by non-altruistic economic considerations, namely the desire of the donor to protect FDI from expropriation. We first identify the conditions under which aid will be granted and characterize how the quantity of aid varies with the host country’s development stage. We then endogenize the host country’s institutions and identify the conditions under which institutional reform (adoption of a commitment technology) will be carried out, as well as the conditions that give rise to an expropriation trap a situation where neither will the host country reform its institutions voluntarily nor will the donor provide incentives for the institutional reform.

主讲人简介：曾志雄博士现为澳大利亚Monash大学高级研究员，他于2002年在美国西北大学（Northwestern University）获得经济学博士学位，曾任北京大学中国经济研究中心副教授。曾志雄博士的研究涉及宏观经济学、货币理论、金融经济学、国际经济学、中国经济等领域，并在国际一流经济学期刊Economic Theory, Journal of Banking & Finance等上发表近二十篇学术论文。
曾博士的CV CV-Zeng-20150916 、演讲所用文章 Jin-Zeng-aid 和slides Aid slides 请下载附件。