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

Borradores de Economia
Number: 
932
Published: 
Classification JEL: 
F21, F32, F36, C5
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy
Download document

The most recent

Sentiment and Uncertainty Indices from economic news in Colombia
Rocío Clara Alexandra Mora-Quiñones, Antonio José Orozco-Gallo, Dora Alicia Mora-Pérez
Mobile Wallets and other payment services: regional gaps and their adoption in Colombia
Constanza Martínez-Ventura, Ligia Alba Melo-Becerra
Payroll Subsidies for SMEs in Informal Labor Markets
Leonardo Fabio Morales, Leonardo Bonilla-Mejía, Didier Hermida-Giraldo, Francisco Javier Lasso-Valderrama, José Pulido

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