The role of asymmetry and uncertainties in the capital flows- Economic Growth Nexus

Arbeitspapier

This study examines the asymmetry between capital flows and economic growth in 42 countries for the period 1990-2017. It further argues that uncertainty is an important channel through which asymmetry operates. As such, the three measures of uncertainty are macroeconomic, fiscal and institutional. The Generalised Method of Moments is used as an empirical strategy. The existence of an asymmetry is confirmed by the findings as capital flows are more reactive to economic drag when compared to economic growth. Furthermore, the channels through which asymmetry operate are heterogeneous to measures of capital flows and proxies for uncertainty.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: AGDI Working Paper ; No. WP/19/047

Classification and Topics

• Classification: Wirtschaft ; Estimation: General ; International Financial Markets ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
• Subject: Capital flows ; Economic growth ; Asymmetry ; Uncertainty and Emergingcountries

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Raheem, Ibrahim Dolapo ; Le Roux, Sara ; Asongu, Simplice
• Event: Veröffentlichung
• (who): African Governance and Development Institute (AGDI)
• (where): Yaoundé
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/205017
• Last update: 10.03.2025, 11:43 AM CET