Financial Capital Flows in the U. S. Balance of Payments.

1972 ◽  
Vol 67 (339) ◽  
pp. 712
Author(s):  
Stephen P. Magee ◽  
William H. Branson
Keyword(s):  
Capital Flows ◽  
Balance Of Payments ◽  
Financial Capital ◽  
Financial Capital Flows

Financial Capital Flows in the U.S. Balance of Payments.

1969 ◽  
Vol 24 (5) ◽  
pp. 1017
Author(s):  
Lawrence H. Officer ◽  
William H. Branson
Keyword(s):  
Capital Flows ◽  
Balance Of Payments ◽  
Financial Capital ◽  
Financial Capital Flows ◽  
The U.S

Industrial Structure and Capital Flows

2012 ◽  
Vol 102 (5) ◽  
pp. 2111-2146 ◽  
Author(s):  
Keyu Jin
Keyword(s):  
Capital Flows ◽  
Industrial Structure ◽  
Developed Countries ◽  
Financial Capital ◽  
International Capital ◽  
Composition Effect ◽  
Financial Capital Flows ◽  
Current Account Imbalances ◽  
Capital Intensive ◽  
Developing And Developed Countries

This paper provides a new theory of international capital flows. In a framework that integrates factor-proportions-based trade and financial capital flows, a novel force emerges: capital tends to flow toward countries that become more specialized in capital-intensive industries. This “composition” effect competes with the standard force that channels capital toward the location where it is scarcer. If the composition effect dominates, capital flows away from the country hit by a positive labor force/productivity shock—a flow “reversal.'' Extended to a quantitative framework, the model generates sizable current account imbalances between developing and developed countries broadly consistent with the data. (JEL F14, F21, F32, F41, L16, O19)

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