NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Foreign Capital and Economic Growth

Eswar S. Prasad, Raghuram G. Rajan, Arvind Subramanian

NBER Working Paper No. 13619
Issued in November 2007

---- Acknowledgements -----

We are grateful to Menzie Chinn, Josh Felman, Olivier Jeanne, Gian Maria Milesi-Ferretti, Dani Rodrik, Thierry Tressel, and participants at the Federal Reserve Bank of Kansas City meetings at Jackson Hole and the Brookings Panel, especially our discussants Susan Collins and Peter Henry, for helpful comments and discussions. We are also grateful to the editors of the Brookings Papers on Economic Activity, William Brainard and George Perry, for constructive comments. We thank Manzoor Gill, Ioannis Tokatlidis, and Junko Sekine for excellent research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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