Effect of Institutions and Globalization on the Capital Flows

Mehmet Pinar, E Volkan

Research output: Contribution to conferencePaperpeer-review

Abstract

This paper analyzes the empirical role of different types of long-term policies, institutional quality and political risk factors' impact on cross-country capital flows. Our findings suggest that the long-term institutional quality of countries explains the variation in capital flows across countries. Even though the long-term institutional quality factors are important to attract higher capital flows, none of these proxies explain the Lucas paradox (i.e., why poor countries receive relatively low levels of capital flows).
Original languageEnglish
Publication statusPublished - 14 Nov 2015
Event2nd Annual BIT Global Congress of Knowledge Economy - Qingdao, China
Duration: 13 Nov 201515 Nov 2015

Conference

Conference2nd Annual BIT Global Congress of Knowledge Economy
Country/TerritoryChina
CityQingdao
Period13/11/1515/11/15

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