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https://hdl.handle.net/10419/64494
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Aizenman, Joshua | en |
dc.contributor.author | Jinjarak, Yothin | en |
dc.contributor.author | Park, Donghyun | en |
dc.date.accessioned | 2011-10-26 | - |
dc.date.accessioned | 2012-09-28T12:41:22Z | - |
dc.date.available | 2012-09-28T12:41:22Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/64494 | - |
dc.description.abstract | We investigate the relationship between economic growth and lagged international capital flows, disaggregated into FDI, portfolio investment, equity investment, and shortterm debt. We follow about 100 countries during 1990-2010 when emerging markets became more integrated into the international financial system. We look at the relationship both before and after the global crisis. Our study reveals a complex and mixed picture. The relationship between growth and lagged capital flows depends on the type of flows, economic structure, and global growth patterns. We find a large and robust relationship between FDI - both inflows and outflows - and growth. The relationship between growth and equity flows is smaller and less stable. Finally, the relationship between growth and short-term debt is nil before the crisis, and negative during the crisis. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of California, Economics Department |cSanta Cruz, CA | en |
dc.relation.ispartofseries | |aWorking Paper |x692 | en |
dc.subject.jel | F43 | en |
dc.subject.jel | F21 | en |
dc.subject.jel | F32 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | capital flows | en |
dc.subject.keyword | economic growth | en |
dc.subject.keyword | FDI | en |
dc.subject.keyword | portfolio investment | en |
dc.subject.keyword | equity investment | en |
dc.subject.keyword | short-term debt | en |
dc.subject.keyword | financial integration | en |
dc.subject.keyword | financial crisis | en |
dc.subject.stw | Internationale Wirtschaftsbeziehungen | en |
dc.subject.stw | Kapitalmobilität | en |
dc.subject.stw | Direktinvestition | en |
dc.subject.stw | Portfolio-Investition | en |
dc.subject.stw | Kapitalbeteiligung | en |
dc.subject.stw | Schulden | en |
dc.subject.stw | Finanzmarktkrise | en |
dc.subject.stw | Welt | en |
dc.title | Capital flows and economic growth in the era of financial integration and crisis: 1990 - 2010 | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 670614025 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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