International capital mobility and economic performance

Mehdi S. Monadjemi, John Kees Lodewijks, Sylnovie Merchant

    Research output: Chapter in Book / Conference PaperConference Paper

    Abstract

    ![CDATA[This paper examines changes in international capital mobility during the past three decades. The consumption-smoothing current account approach is utilized to determine the extent of international capital mobility using data for seven OECD countries. The empirical results of the study indicate a significant increase in capital mobility during the decades of the 1980s and the 1990s, compared to the 1970s. The empirical results also provide support for the positive effect of foreign direct investment and portfolio investment capital on financial deepening. Furthermore, it is shown that, in advanced economies, increased capital mobility and financial depth have a positive effect on economic performance.]]
    Original languageEnglish
    Title of host publicationProceedings of the 3rd Global Conference on Business & Economics, held in Amsterdam, Netherlands, 9-11 July, 2004
    Number of pages5
    Publication statusPublished - 2004
    EventGlobal Conference on Business & Economics -
    Duration: 1 Jan 2004 → …

    Conference

    ConferenceGlobal Conference on Business & Economics
    Period1/01/04 → …

    Keywords

    • capital movements
    • globalization
    • financial crises
    • international finance
    • investments, foreign
    • economic policy

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