Capital Flows and Growth in Developing Countries: A Dynamic Panel Data Analysis
This paper unravels the capital flow-growth nexus by employing a model that incorporates contemporaneous influences and contemporaneous expectations. Using an unbalanced panel data set, the paper considers and highlights the role of indirect effects, through the spillover or interaction channel, in influencing economic development. Rigorous tests—incorporating tertiary education, alternative capital flow types and an interaction term—confirm the hypothesis that private capital flows are growth promoting in general, and upper middle-income countries appear to gain more from such flows than low-income countries.
Volume (Year): 37 (2009)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CODS20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CODS20|
When requesting a correction, please mention this item's handle: RePEc:taf:oxdevs:v:37:y:2009:i:2:p:101-122. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.