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| Title: | | How Persistent are International Capital Flows?  |
| Authors: | | Galstyan, Vahagn |
| Issue Date: | | 2009 |
| Series/Report no.: | | Economics Discussion Papers / Institut für Weltwirtschaft 2009-13 |
| Abstract: | | This paper documents the dynamic properties of the current account, trade balance and international capital flows. For this purpose, two approaches are taken: probit and a nonparametric estimation. The probabilistic approach shows that, in general, deficits and net inflows tend to be more persistent than surpluses and net outflows. This result is robust to either specification of pooled and country-specific probits. The results of non-parametric estimation are in line with the results obtained from the probit. |
| Subjects: | | Capital flows persistence |
| JEL: | | F30 F00 |
| Creative Commons License: | |  |
| Document Type: | | Working Paper |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers
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