scholarly journals Patterns of International Capital Flows and Productivity Growth: New Evidence

2015 ◽  
Vol 23 (5) ◽  
pp. 846-872 ◽  
Author(s):  
Margaux MacDonald
Keyword(s):  
Productivity Growth ◽  
Capital Flows ◽  
International Capital Flows ◽  
International Capital ◽  
New Evidence

scholarly journals International Capital Flows When Safe Assets Scarcity Matters

2021 ◽  
pp. 227797872198993
Author(s):  
Ly Dai Hung ◽  
Nguyen Thi Thuy Hoan
Keyword(s):  
Cross Section ◽  
Productivity Growth ◽  
Capital Flows ◽  
International Capital Flows ◽  
Capital Inflows ◽  
International Capital ◽  
Analysis Method ◽  
Instrument Variable ◽  
Jel Classifications ◽  
Section Analysis

In an open multi-country economy, the safe assets supply shapes the pattern of international capital flows. A higher productivity growth rate raises the net capital inflows for economies with abundant safe assets, but reduces the net capital inflows for economies with scarce safe assets. The cross-section analysis on a sample of 170 economies over 1980–2013 confirms the theory. The evidence is robust for instrument-variable (IV) analysis method. JEL Classifications: F15, F36, F43

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