Effect of Institutions and Globalization on the Capital Flows

Pinar, Mehmet and Volkan, E (2015) Effect of Institutions and Globalization on the Capital Flows. BIT’s 2nd Annual Global Congress of Knowledge Economy, 13th November 2015 - 15th November 2015, Qingdao, China.

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Abstract

This paper analyzes the empirical role of different types of long-term policies, institutional quality and political risk factors' impact on cross-country capital flows. Our findings suggest that the long-term institutional quality of countries explains the variation in capital flows across countries. Even though the long-term institutional quality factors are important to attract higher capital flows, none of these proxies explain the Lucas paradox (i.e., why poor countries receive relatively low levels of capital flows).

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Business and Management
Date Deposited: 09 Jun 2017 10:11
URI: http://repository.edgehill.ac.uk/id/eprint/9046

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