Gross capital flows and their long-term determinants for developing economies : a panel co-integration approach

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Borradores de Economía; No. 932
Date published
2016-03-09
Date of last update
2016-03-09
Author
Arias-Rodríguez, Fernando
Delgado, David
Parra-Amado, Daniel
Rincón-Castro, Hernán
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
The purpose of this paper is to estimate a model for gross capital flows for a sample of developing economies and assess their long-term determinants by using a panel cointegration approach. Results indicate that there is a co-integration relationship bet
JEL Codes
F36 - Financial Aspects of Economic IntegrationF21 - International Investment; Long-Term Capital MovementsF32 - Current Account Adjustment; Short-Term Capital MovementsC5 - Econometric Modeling
Keywords
Gross capital flows ; Long-term determinants ; Developing economies ; Panel co-integration approach ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6243
https://hdl.handle.net/20.500.12134/6243
https://doi.org/10.32468/be.932
https://ideas.repec.org/p/bdr/borrec/932.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit