Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86853
Authors: 
van Wijnbergen, Sweder
Franken, Corine
Year of Publication: 
2010
Series/Report no.: 
Tinbergen Institute Discussion Paper 10-003/2
Abstract: 
This paper analyses Net Private Capital Flows to LICs incorporating the recent surge in FDI between 2000 and 2006. We show that including country-specific effects in a paneldata setup resolves the Lucas Paradox, at least for LICs. Our results suggest that openness is among the most important factors explaining country-specific performance in attracting Net Private Capital Flows.
Subjects: 
Private capital inflows
Low Income Countries
Lucas Paradox
JEL: 
F21
G15
Document Type: 
Working Paper

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