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
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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)
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African Governance and Development Institute (AGDI)
- (wo)
-
Yaoundé
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Raheem, Ibrahim Dolapo
- Le Roux, Sara
- Asongu, Simplice
- African Governance and Development Institute (AGDI)
Entstanden
- 2019