{
  "title": "Long-Term International Capital Movements and Technology: A Review",
  "publication": "IMF Working Papers, September 1, 1999",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273",
  "canonical": "https://www.imf.org/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273",
  "overlayPath": "/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273/index.md",
  "summary": "This paper reviews the theoretical literature on the question of how long-term international capital movements depend on the international distribution of technology.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Author: Harm Zebregs\n- Date: September 1, 1999\n- This paper reviews the theoretical literature on how long-term international capital movements depend on the international distribution of technology.\n- Focus: long-term investment flows, which are more affected by international differences in technologies than short-term financial flows.\n- Core conclusion: The theoretical specification of technology is crucial to the prediction of the size and direction of international capital movements."
    },
    {
      "heading": "Major themes and theoretical perspectives",
      "content": "- Technology specifications examined:\n  - Models with only one common technology.\n  - Models with multiple technologies.\n  - Models with endogenous technologies.\n- Analytical focus:\n  - How different technology specifications alter predictions about international capital movements.\n  - The comparison between long-term investment flows and short-term financial flows in sensitivity to technology differences."
    },
    {
      "heading": "Key findings",
      "content": "- Long-term investment flows are more affected by international differences in technologies than short-term financial flows.\n- The size and direction of international capital movements depend critically on the theoretical specification of technology used in models."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Capital flows, Income, Labor, Stocks, Technology\n- Keywords: capital movement, factor price equalization, free trade, interest rate, open economy, perfect competition, WP\n\n---\n\n Content in this bundle\n\n- Long-Term International Capital Movements and Technology: A Review -WP/99/126\n  - Long-Term International Capital Movements and Technology: A Review -WP/99/126 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Long-Term International Capital Movements and Technology: A Review -WP/99/126 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273/index.md)",
    "[Structured JSON version](/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273/index.json)",
    "[Bundle manifest](/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273/bundle-manifest.json)",
    "Authors: Harm Zebregs",
    "Published: September 1, 1999",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451854886.001",
    "Author: Harm Zebregs",
    "Date: September 1, 1999",
    "This paper reviews the theoretical literature on how long-term international capital movements depend on the international distribution of technology.",
    "Focus: long-term investment flows, which are more affected by international differences in technologies than short-term financial flows.",
    "Core conclusion: The theoretical specification of technology is crucial to the prediction of the size and direction of international capital movements.",
    "Technology specifications examined:",
    "Analytical focus:",
    "Long-term investment flows are more affected by international differences in technologies than short-term financial flows.",
    "The size and direction of international capital movements depend critically on the theoretical specification of technology used in models.",
    "Subject: Capital flows, Income, Labor, Stocks, Technology",
    "Keywords: capital movement, factor price equalization, free trade, interest rate, open economy, perfect competition, WP",
    "**Long-Term International Capital Movements and Technology: A Review -WP/99/126**"
  ],
  "related": [
    {
      "title": "Long-Term International Capital Movements and Technology: A Review -WP/99/126",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/1999/_wp99126.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/1999/_wp99126.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/1999/_wp99126.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273/index.md",
    "json": "/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273/index.json",
    "bundleManifest": "/en/publications/wp/issues/2016/12/30/long-term-international-capital-movements-and-technology-a-review-3273/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-17T06:54:46.041Z"
}