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Malaysia's Time Varying Capital Mobility

Manap, Turkhan Ali Abdul; Ghani, Gairuzazmi M - In: Economics Bulletin 32 (2012) 2, pp. 1361-1368

This paper examines the dynamics of the degree of capital mobility for Malaysia for the period 1991Q1-2009Q4. Generally Malaysia has been an open economy for trade, however periodic episodes of capital control such as those in 1994 and 1998 means that the level of capital mobility in Malaysia...

Persistent link: https://www.econbiz.de/10011278594

Capital flows and real exchange rates in emerging Asian countries

Jongwanich, Juthathip; Kohpaiboon, Archanun - In: Journal of Asian Economics 24 (2013) C, pp. 138-146

This paper examines the impact of capital flows on real exchange rates in emerging Asian countries during 2000–2009 using a dynamic panel-data model. The estimation results show that the composition of capital flow matters in determining the impact of the flows on real exchange rates. Other...

Persistent link: https://www.econbiz.de/10010868911

Re-examining the Feldstein–Horioka and Sachs' views of capital mobility: A heterogeneous panel setup

Holmes, Mark J.; Otero, Jesús - In: International Review of Economics & Finance 33 (2014) C, pp. 1-11

We re-examine two complementary views of international capital mobility using data for 25 OECD countries over the period 1970–2011. Estimation of the original Feldstein–Horioka and Sachs' equations provides mixed evidence of capital mobility, though we do not detect a significant bias...

Persistent link: https://www.econbiz.de/10011048244

A Pairwise-Based Approach to Examine the Feldstein-Horioka Condition of International Capital Mobility

Holmes, Mark J.; Otero, Jesús - Department of Economics, Waikato Management School - 2015

We propose a pairwise procedure to test the Feldstein-Horioka condition of capital mobility. In contrast to the existing approach, we explicitly examine the relationship between domestic investment and foreign savings rather than domestic savings. In terms of addressing the Feldstein-Horioka...

Persistent link: https://www.econbiz.de/10011158365

Globalization, Inequality, and Corruption

Badinger, Harald; Nindl, Elisabeth - Vienna University of Economics and Business, Department … - 2012

This paper presents new empirical evidence on the determinants of corruption, focussing on the role of globalization … natural resource rents increase corruption. ii) Globalization (in terms of both trade and financial openness) has a negative … role of inequality is accounted for, the impact of globalization on corruption is halved. In line with recent theory, this …

Persistent link: https://www.econbiz.de/10010545765

Trade Openness, Foreign Direct Investment and Child Labor

Neumayer, Eric; Soysa, Indra de - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005119230

Are Capital Controls Prudential? An Empirical Investigation

Rebucci, Alessandro; Fernández, Andrés; Uribe, Martín - National Bureau of Economic Research (NBER) - 2013

A growing recent theoretical literature advocates the use of prudential capital control policy, that is, the tightening of restrictions on cross-border capital flows during booms and the relaxation thereof during recessions. We examine the behavior of capital controls in a large number of...

Persistent link: https://www.econbiz.de/10010969320

China's Growth, Stability, and Use of International Reserves

Aizenman, Joshua; Marion, Nancy P.; Jinjarak, Yothin - National Bureau of Economic Research (NBER) - 2013

Since the onset of the global financial crisis, China and the U.S. have reduced their current-account imbalances as a share of GDP to less than half their pre-crisis levels. For China, the reduction in its current-account surplus post-crisis suggests a structural change. Panel regressions for a...

Persistent link: https://www.econbiz.de/10010969460

Public debt, economic growth and nonlinear effects: Myth or reality?

Égert, Balázs - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2012

The economics profession seems to increasingly endorse the existence of a strongly negative nonlinear effect of public debt on economic growth. Reinhart and Rogoff (2010) were the first to point out that a public debt-to-GDP ratio higher than 90% of GDP is associated with considerably lower...

Persistent link: https://www.econbiz.de/10010992371

The 90% public debt threshold: The rise and fall of a stylised fact

Égert, Balázs - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2013

This paper analyses the original Reinhart-Rogoff dataset, made public by Herndon et al. (2013), on the basis of descriptive statistics and formal econometric testing. First, based on the public debt thresholds(30%, 60% and 90%) proposed by Reinhart and Rogoff (2010), descriptive statistics...

Persistent link: https://www.econbiz.de/10010992395

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