Mobilidade de Capitais e Crescimento Econômico: Evidências Empíricas a Partir da Estimação de um Modelo Dinâmico com Dados em Painel

Sérgio Fornazier Meyrelles Filho ()
Additional contact information
Sérgio Fornazier Meyrelles Filho: Curso de Ciencias Economicas, Universidade Federal de Goiás

No 4, Working papers - Textos para Discussao do Curso de Ciencias Economicas da UFG from Curso de Ciencias Economicas da Universidade Federal de Goias

Abstract: The mainstream economics view about capital mobility and economic growth faces a serious dilemma. Although in this perspective strong theoretical arguments support the view that free capital movements act to accelerate growth in the economies integrated to the international capital markets, actual empirical evidence is known to be fragile. Furthermore, once considered the theoretical conception underlying the vast majority of those studies is not surprise that the questions associated with the balance of payments equilibrium have been improperly absent from the analysis. This work presents an integrated effort in order to contribute for the mentioned debate through a panel data study. The econometric analysis proposed is based on the estimation methodology developed by Bundell-Bond (1998) from which emerged the so-called System GMM estimator. Pooled OLS estimates are also reported as a complement.

Keywords: Economic growth; balance of payments; capital mobility (search for similar items in EconPapers)
JEL-codes: O40 (search for similar items in EconPapers)
Date: 2009-06

Downloads: (external link)
http://www.ufg.br/this2/uploads/files/117/TD_004.pdf First version, 2009 (application/pdf)

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: http://EconPapers.repec.org/RePEc:ufb:wpaper:004

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
Address: Universidade Federal de Goias UFG - Campus Samambaia (Campus II) Rodovia Goiania/Nova Veneza, Km 0 Caixa Postal 131, CEP 74001-970, Goiania, Brasil
Contact information at EDIRC.
Series data maintained by Sandro E. Monsueto ().