Effect of Institutions and Globalization on the Capital Flows

Mehmet Pinar; E Volkan

Effect of Institutions and Globalization on the Capital Flows

Mehmet Pinar, E Volkan

Business School

Research output: Contribution to conference › Paper › peer-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 language	English
Publication status	Published - 14 Nov 2015
Event	2nd Annual BIT Global Congress of Knowledge Economy - Qingdao, China Duration: 13 Nov 2015 → 15 Nov 2015

Conference

Conference	2nd Annual BIT Global Congress of Knowledge Economy
Country/Territory	China
City	Qingdao
Period	13/11/15 → 15/11/15

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http://www.bitcongress.com/gcke2015/Program.asp

Cite this

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title = "Effect of Institutions and Globalization on the Capital Flows",

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).",

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AU - Volkan, E

PY - 2015/11/14

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AB - 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).

M3 - Paper

T2 - 2nd Annual BIT Global Congress of Knowledge Economy

Y2 - 13 November 2015 through 15 November 2015

ER -

Effect of Institutions and Globalization on the Capital Flows

Abstract

Conference

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