Capital mobility, balance of payments constraints, and economic growth: an empirical dynamic analysis

Sérgio Fornazier Meirelles Filho and Frederico Jayme Jr
Additional contact information
Sérgio Fornazier Meirelles Filho: FACE-UFG, Ciências Econômicas
Authors registered in the RePEc Author Service: Sérgio Fornazier Meyrelles Filho ()

No 16, Working papers - Textos para Discussao do Curso de Ciencias Economicas da UFG from Curso de Ciencias Economicas da Universidade Federal de Goias - FACE

Abstract: This paper analyses empirically the relationship between economic growth and the openness of the financial account of the balance of payments. It takes into consideration the balance of payments’ constrained growth, as well as the difficulties in the empirical literature in measuring capital mobility. Starting from traditional capital mobility indexes we estimate a panel across 80 countries, both developed and developing between 1979-2003. Results suggest that more capital mobility in developing countries affects growth negatively, whereas it possibly stimulates growth in developed countries.

Keywords: Economic Growth; Capital Mobility; Dynamic Panel. (search for similar items in EconPapers)
JEL-codes: F41 F43 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2010-06
New Economics Papers: this item is included in nep-fdg, nep-ifn and nep-opm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://files.cercomp.ufg.br/weby/up/118/o/TD_016.pdf (application/pdf)

Related works:
Working Paper: Capital mobility, balance of payments constraints, and economic growth: an empirical dynamic analysis (2010)
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:ufb:wpaper:016

Access Statistics for this paper

More papers in Working papers - Textos para Discussao do Curso de Ciencias Economicas da UFG from Curso de Ciencias Economicas da Universidade Federal de Goias - FACE Universidade Federal de Goias UFG - Campus Samambaia (Campus II) Rodovia Goiania/Nova Veneza, Km 0 CEP 74690-900, Goiania, Brasil. Contact information at EDIRC.
Bibliographic data for series maintained by Sandro E. Monsueto ().