Powell, Andrew; Ratha, Dilip; Mohapatra, Sanket - Escuela de Negocios, Universidad Torcuato Di Tella - 2002
This paper develops new estimates of capital outflows and is the first, to our knowledge, to analyze the determinants, consequences and inter-relationship between inflows and outflows. Given the dynamics and individual country effects, we use a panel-VAR and find that inflows and outflows are...