International capital mobility and economic performance

Mehdi S. Monadjemi; John Kees Lodewijks; Sylnovie Merchant

International capital mobility and economic performance

Mehdi S. Monadjemi
, John Kees Lodewijks
, Sylnovie Merchant

Research output: Chapter in Book / Conference Paper › Conference Paper

Abstract

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 language	English
Title of host publication	Proceedings of the 3rd Global Conference on Business & Economics, held in Amsterdam, Netherlands, 9-11 July, 2004
Number of pages	5
Publication status	Published - 2004
Event	Global Conference on Business & Economics - Duration: 1 Jan 2004 → …

Conference

Conference	Global Conference on Business & Economics
Period	1/01/04 → …

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

Keywords

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

Cite this

@inproceedings{12b87a4611ee428ea0384f53b9125d83,

title = "International capital mobility and economic performance",

abstract = "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.",

keywords = "capital movements, globalization, financial crises, international finance, investments, foreign, economic policy",

author = "Monadjemi, \{Mehdi S.\} and Lodewijks, \{John Kees\} and Sylnovie Merchant",

year = "2004",

language = "English",

booktitle = "Proceedings of the 3rd Global Conference on Business \& Economics, held in Amsterdam, Netherlands, 9-11 July, 2004",

note = "Global Conference on Business \& Economics ; Conference date: 01-01-2004",

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TY - GEN

T1 - International capital mobility and economic performance

AU - Monadjemi, Mehdi S.

AU - Lodewijks, John Kees

AU - Merchant, Sylnovie

PY - 2004

Y1 - 2004

N2 - 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.

AB - 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.

KW - capital movements

KW - globalization

KW - financial crises

KW - international finance

KW - investments, foreign

KW - economic policy

UR - http://handle.uws.edu.au:8081/1959.7/45046

M3 - Conference Paper

BT - Proceedings of the 3rd Global Conference on Business & Economics, held in Amsterdam, Netherlands, 9-11 July, 2004

T2 - Global Conference on Business & Economics

Y2 - 1 January 2004

ER -

International capital mobility and economic performance

Abstract

Conference

UN SDGs

Keywords

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Cite this