Discussion Paper

No. 2009-13 | January 27, 2009
How Persistent are International Capital Flows?

Abstract

This paper documents the dynamic properties of the current account, trade balance and international capital flows. For this purpose, two approaches are taken: probit and a nonparametric estimation. The probabilistic approach shows that, in general, deficits and net inflows tend to be more persistent than surpluses and net outflows. This result is robust to either specification of pooled and country-specific probits. The results of non-parametric estimation are in line with the results obtained from the probit.

 

JEL Classification:

F00, F30

Assessment

  • Downloads: 2397

Links

Cite As

Vahagn Galstyan (2009). How Persistent are International Capital Flows? Economics Discussion Papers, No 2009-13, Kiel Institute for the World Economy. http://www.economics-ejournal.org/economics/discussionpapers/2009-13


Comments and Questions


Anonymous - Referee Report 1
March 06, 2009 - 09:39

See attached file


Anonymous - Referee Report 2
March 06, 2009 - 09:42

See attached file


Anonymous - Referee Report 3
March 18, 2009 - 09:36

See attached file