Immigration, international capital flows, and long run income distribution in Canada

1986 ◽  
Vol 14 (4) ◽  
pp. 24-29 ◽  
Author(s):  
Don P. Clark ◽  
Henry Thompson
Keyword(s):  
Income Distribution ◽  
Capital Flows ◽  
International Capital Flows ◽  
International Capital ◽  
Long Run

BKK the EZ Way: International Long-Run Growth News and Capital Flows

2018 ◽  
Vol 108 (11) ◽  
pp. 3416-3449 ◽  
Author(s):  
Ric Colacito ◽  
Max Croce ◽  
Steven Ho ◽  
Philip Howard
Keyword(s):  
Empirical Evidence ◽  
Capital Flows ◽  
Risk Sharing ◽  
International Investment ◽  
International Capital Flows ◽  
International Capital ◽  
G7 Countries ◽  
Sharing Scheme ◽  
Long Run ◽  
Short Run

We study the response of international investment flows to shortand long-run growth news. Among developed G7 countries, positive long-run news for domestic productivity induces a net outflow of investments, in contrast to the effects of short-run growth shocks. We document that a standard Backus, Keho, and Kydland (1994) (BKK) model fails to reproduce this novel empirical evidence. We augment this model with Epstein and Zin (1989) preferences (EZ-BKK) and characterize the resulting recursive risk-sharing scheme. The response of international capital flows in the EZ-BKK model is consistent with the data. (JEL F14, F32, F43, G12)

Human Capital and International Capital Flows: Evidence from China

2021 ◽  
pp. 016001762198942
Author(s):  
Zhenshan Yang ◽  
Yinghao Pan ◽  
Dongqi Sun ◽  
Li Ma
Keyword(s):  
Human Capital ◽  
Capital Flows ◽  
Global Economy ◽  
Global Market ◽  
International Capital Flows ◽  
International Capital ◽  
Outward Fdi ◽  
Local Economies ◽  
Vector Autoregressive ◽  
External Resources

The pattern of international capital flows has changed dramatically in the process of globalization. In this study, we argue that human capital (HC) facilitates a region’s reversal from being a net recipient of external resources to being an active contributor in the global market. Using a panel vector autoregressive regression method, we examine the relationships among regional HC, foreign direct investment (FDI), and outward FDI during 2004–2015 in China. Our results show that HC plays a key role in both attracting FDI and generating outward FDI. The findings contribute to research on the dynamic capacity building of regions participating in the global economy, especially strengthening HC for local economies participating in the global economy as either investment recipients or contributors.

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