total physical capital as a key input. Implicitly this assumes that private and public capital stocks are perfect … substitutes. In this paper we test this assumption by estimating a nested-CES production function whereas the two types of capital … private capital stocks for 151 countries over a period of 1960-2014 consistent with Penn World Table version 9. We find …

This paper analyzes the determinants of bond flows, now the dominant source of capital inflows, into the United States …, as a means of establishing conditions affecting the financing of the U.S. current account deficit. To test the hypothesis … that capital flows have become more responsive to changes in relative interest rates and other conditions across borders, a …