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Saturday, July 25, 2020 | History

2 edition of Private capital flows, financial development, and economic growth in developing countries found in the catalog.

Private capital flows, financial development, and economic growth in developing countries

Jeannine N. Bailliu

Private capital flows, financial development, and economic growth in developing countries

by Jeannine N. Bailliu

  • 148 Want to read
  • 3 Currently reading

Published by Bank of Canada in Ottawa, Ont .
Written in English

    Subjects:
  • Capital movements -- Developing countries -- Econometric models.,
  • Finance -- Developing countries -- Econometric models.,
  • Economic development -- Mathematical models.

  • Edition Notes

    Statementby Jeannine N. Bailliu.
    GenreEconometric models.
    SeriesWorking paper (Bank of Canada) -- 2000-15
    ContributionsBank of Canada.
    Classifications
    LC ClassificationsHG5993 .B35 2000
    The Physical Object
    Paginationvi, 22 p.
    Number of Pages22
    ID Numbers
    Open LibraryOL20729065M
    ISBN 100662292502

      On the whole, net financial flows -- the sum of direct, portfolio and other investments -- to developing countries were negative in both and , in response to a slowdown in the growth. Private investment and economic growth in developing countries Reinhart, Carmen and Khan, Mohsin University of Maryland, College Park, Department of Economics 26 July Online at MPRA Paper No. , posted 27 Feb UTC.

    Stock markets of developing countries became major sources of foreign capital flows to developing countries. For example, Ajit Singh in his “Financial Liberalisation, Stock markets and Economic Development” cited international equity flows of the Economist' s 38 emerging markets increased from $ billion in to $ billion in Employing annual data on 14 SSA countries from to , this study estimated a neoclassical growth model to evaluate the effects of PCF shocks on the SSA countries' economic output and growth. The results showed that private capital flows positively affected economic output and growth, as hypothesized in theory.

    This article focuses on the determinants of the large portfolio flows from the United States to Latin American and Asian countries during Cointegration techniques reveal that both domestic and global factors explain bond and equity flows to developing countries and represent significant long-run determinants of portfolio flows.   External financial flows to sub-Saharan Africa (defined as the sum of gross private capital flows, official development assistance (ODA), and remittances to .


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Private capital flows, financial development, and economic growth in developing countries by Jeannine N. Bailliu Download PDF EPUB FB2

Downloadable. An important issue in the debate over the desirability of freer capital mobility for developing countries is whether capital flows have significant effects on economic growth. Proponents of capital account liberalization cite the growth-promoting attributes of capital inflows as a key benefit of financial integration for developing countries.

The COVID pandemic has produced a sharp fall in capital flows to developing countries. Meanwhile, high levels of sovereign and corporate debt in many countries as well as mounting fiscal deficits have raised the need for even more external financing to combat the economic and human costs of the pandemic.

Using panel data for 40 developing countries from[18] investigated the role played by private capital flows and financial development in determining economic growth Author: Jeannine Bailliu. An important issue in the debate over the desirability of freer capital mobility for developing countries is whether capital flows have significant effects on economic growth.

Proponents of capital account liberalization cite the growth-promoting attributes of capital inflows as a key benefit of financial integration for developing by: Private capital flows to developing countries: the road to financial integration (English) Abstract.

This book explores the nature of the changes leading to the integration of developing countries in world financial markets, and analyzes the process of international financial integration and the structural forces driving private capital to developing.

Private capital flows to developing countries: the road to financial integration - summary (English) Abstract. This is a summary of the book, "Private Capital Flows to Developing Countries: the Road to Financial Integration," exploring the nature of the changes leading to the integration of developing countries in world financial markets, and analyzing the process.

Bailliu, Jeannine,“Private Capital Flows, Financial Development, and Economic Growth in Developing Countries,” Bank of Canada Working Paper No. has been cited by the following article: Article. Real Output Effects of Foreign Direct Investment in Nigeria. The relationship between private capital flows and growth has been examined extensively in the literature, yet numerous controversies remain.

This study examines the relationships among private capital flows (foreign direct investment and portfolio investment), financial development and economic performance in a panel of developing countries over the period –, by employing.

The present study analyses the effects of the different components of private capital inflows on the growth of 44 developing countries. A dynamic panel with yearly data is estimated during the period. After controlling for the variables traditionally used in growth regressions, the following main conclusions emerge.

Total official flows incorporate the sum of concessional and non-concessional flows to developing countries, including export credits, which have a primarily commercial motive.

Private flows are defined as flows at market terms and financed out of private sector resources and private grants. Using capital flows data from 14 African countries over the period –, our initial results indicate that private capital flows have a detrimental effect on economic growth.

In theory, financial sector development has the potential to affect the allocation of savings and thus improves economic growth (Schumpeter, ). Similarly, the evidence suggests that private capital flows—especially portfolio flows—have been associated with the development of domestic capital markets, which, in turn, bolster growth.

However, private capital flows can increase the vulnerability of a country with weak financial markets to banking and exchange rate crises.

the role of private capital movements in the increase of the level of economic growth for 40 developing countries covering the period and on the other hand, the role played by domestic financial sector development in the definition of the relation between capital flows and economic growth.

Using the. mic literature on capital flows to developing countries. Dooley () surveys work on The free international flow of financial capital lyzed patterns of economic growth using data on GDP.

Net private-capital inflows to developing countries will fall by 22% to $ billion this year, according to the World Bank: a far cry from $ trillion in   WASHINGTON, February 3, —Net capital flows to developing countries fell to $ billion inreversing an upward trend that began in and peaked at $1, billion inaccording to a new report from the World ularly hard hit were private capital flows, which fell by almost 40 percent.

All developing regions were affected, with emerging market economies in. Downloadable (with restrictions). Empirically we investigate how three types of private capital flows could promote economic growth in recipient developed and developing countries.

Our focus is on the role of stock markets as a channel through which foreign capital flows could promote growth. The findings reveal that FDI exhibits a positive impact on growth, while both foreign debt and.

Private flows are defined as financial flows at market terms financed out of private sector resources (changes in holdings of private, long-term assets held by residents of the reporting country) and private grants (grants by non-government organisations, net of subsidies received from the official sector).

effect on growth and economic development of the surge in capital inflows to developing countries over the past decades.

Third, the voluminous literature on the relationship between financial development and economic growth. Such studies typically find that capital inflows, financial development, and the size and efficiency of financial. World Development. Vol Private investment and economic growth in developing countries.

This model is estimated for a cross-section sample of 24 developing countries, and the results support the notion that private investment has a larger direct effect on growth.

The global financial crisis of changed the world’s financial, socio-economic and political landscape. It also prompted significant change to the research agenda and policy debate around domestic and international financial flows and the financial sector.Capital Flows in the Third Age of Financial Globalization Authors/Editors: World Bank as developing countries come to account for half or more of the world’s capital outflows, their policies regarding capital flows are likely to become more influential.

Private Sector Development, Macroeconomics and Economic Growth, International.Private Capital Flows and Economic Growth in Africa: The Role of Domestic Financial Markets Article (PDF Available) in Journal of International Financial Markets Institutions and Money 30(1.