Arbeitspapier

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

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.

Sprache
Englisch

Erschienen in
Series: AGDI Working Paper ; No. WP/19/047

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

Ereignis
Geistige Schöpfung
(wer)
Raheem, Ibrahim Dolapo
Le Roux, Sara
Asongu, Simplice
Ereignis
Veröffentlichung
(wer)
African Governance and Development Institute (AGDI)
(wo)
Yaoundé
(wann)
2019

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Raheem, Ibrahim Dolapo
  • Le Roux, Sara
  • Asongu, Simplice
  • African Governance and Development Institute (AGDI)

Entstanden

  • 2019

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