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

2016-03-09

Authors

Arias-Rodríguez, Fernando
Delgado, David
Parra-Amado, Daniel
Rincón-Castro, Hernán

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ISSN

ISBN

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.

The opinions contained in this document are the sole responsibility of the author and do not commit Banco de la República or its Board of Directors.

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

Description

JEL Codes

F36 - Financial Aspects of Economic Integration
F21 - International Investment; Long-Term Capital Movements
F32 - Current Account Adjustment; Short-Term Capital Movements
C5 - Econometric Modeling

Temática

Keywords

Enfoque de cointegración de panel, Economías en desarrollo, Determinantes de largo plazo, Flujos brutos de capital

Keywords

Gross capital flows, Long-term determinants, Developing economies, Panel co-integration approach

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