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Virginia and NBER).The correlation between capital inflows and outflows has increased substantially over time in a sample of … imports), which reduces the correlation between capital inflows and outflows. In the context of a two-country model with 8 … shocks we show that the theoretical impact of financial and trade globalization on the correlation between capital inflows …
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With the Error Correction Model and the Wald Test, one important finding is that in case of the Lao PDR the FDI empirically induces economic growth; while the economic growth does not. However, it is more important to know what kinds of benefits can be brought into the country in both short run...
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