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Cross-Country Evidence on the Link between the Level of Infrastructure and Capital Inflows

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Hoffmann, M.
Abstract

This paper empirically investigates the relationship between public infrastructrue and international capital flows. Out of a sample of thirty countries a cross-sectional econometric model is constructed to estimate the effects. Different components of infrastructure variables are tested in relation to their impact on different kinds of external capital liabilities. The resuts suggest a positive relationship between the level of infrastructure and capital inflows. However, statistical significance cannot be established for all variables in question.

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Paper provided by Trinity College Dublin, Department of Economics in its series CEG Working Papers with number 20024.

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Date of creation: 2002
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Handle: RePEc:tcd:tcdceg:20024

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  28. Henisz, Witold J, 2000. "The Institutional Environment for Multinational Investment," Journal of Law, Economics and Organization, Oxford University Press, vol. 16(2), pages 334-64, October.
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