Capital mobility in developing countries: An empirical study

Selim, Sheikh Tareq 2004. Capital mobility in developing countries: An empirical study. [Discussion Paper]. Research Papers in Economics: RePEc. Available at: http://repec.org/res2004/Selim.pdf

Full text not available from this repository.

Abstract

This paper examines the degree of capital mobility in ten developing countries of Asia using the intertemporal approach to the current account. To assess Feldstein and Horioka’s claim of limited international capital mobility for a set of developing countries, we model the consumptionsmoothing motive of consumers and simulate the path of optimal consumption-smoothing current account for comparison with the consumption-smoothing component of the actual current account. Major findings of this paper are the theoretical model works well for developing countries with relatively smaller sample size, and capital flows have been excessive in six out of ten countries studied.

Item Type:	Monograph (Discussion Paper)
Date Type:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions H Social Sciences > HJ Public Finance
Uncontrolled Keywords:	Capital mobility, inter-temporal approach, current account movements, consumption-smoothing.
Publisher:	RePEc
Related URLs:	Publisher
Last Modified:	19 Mar 2016 23:07
URI:	https://orca.cardiff.ac.uk/id/eprint/39689

Actions (repository staff only)

Edit Item