Where do the advanced countries invest? An investigation of capital flows from advanced countries to emerging economies

Xuan Vinh Vo, Dong Phong Nguyen, Viet Tien Ho and Trung Thong Nguyen

Journal of International Financial Markets, Institutions and Money, 2017, vol. 51, issue C, 142-154

Abstract: This paper examines determinants of foreign portfolio investment (FPI) from the developed countries to emerging economies using the new data from the IMF’s large coordinated portfolio investment surveys. Employing an assortment of econometric techniques, we attempt to shed further light on the determinants bilateral FPI capital flows with a number of contributions to the current literature. This paper advances other previous study by utilizing the new disaggregated FPI capital flows and a number of broad differentials. We find that portfolio investors from G7 countries tend to depart from efficient portfolio allocation and they are biased towards some differentials between source and recipient countries.

Keywords: Foreign portfolio investment; Foreign direct investment (search for similar items in EconPapers)
JEL-codes: F20 F30 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1042443117304316
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:51:y:2017:i:c:p:142-154

DOI: 10.1016/j.intfin.2017.09.004

Access Statistics for this article

Journal of International Financial Markets, Institutions and Money is currently edited by I. Mathur and C. J. Neely

More articles in Journal of International Financial Markets, Institutions and Money from Elsevier
Bibliographic data for series maintained by Catherine Liu ().