Private capital flows to low income countries : country-specific effects and the lucas paradox

Sweder van Wijnbergen; Corine Franken

This paper analyses Net Private Capital Flows to LICs incorporating the recent surge in FDI between 2000 and 2006. We show that including country-specific effects in a paneldata setup resolves the Lucas Paradox, at least for LICs. Our results suggest that openness is among the most important factors explaining country-specific performance in attracting Net Private Capital Flows.

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Year of publication:	2010
Authors:	Wijnbergen, Sweder van ; Franken, Corine
Publisher:	Rotterdam [u.a.] : Tinbergen Inst.
Subject:	Private capital inflows \| Low Income Countries \| Lucas Paradox \| Kapitalimport \| Capital imports \| Entwicklungsländer \| Developing countries \| Kapitalmobilität \| Capital mobility \| Auslandsinvestition \| Foreign investment \| Kapitalexport \| Capital exports

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Extent:	Online-Ressource (41 S.) graph. Darst.
Series:	Discussion paper / Tinbergen Institute. - Rotterdam [u.a.] : [Verlag nicht ermittelbar], ISSN 0929-0834, ZDB-ID 2435783-2. - Vol. 2010,003
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/86853 [Handle]
Classification:	F21 - International Investment; Long-Term Capital Movements ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011379606