Distinguishing Across Models of International Capital Flows

Mark Wright and Alexander Karaivanov

No 124, 2009 Meeting Papers from Society for Economic Dynamics

Abstract: We use maximum likelihood techniques to distinguish across models of international capital flows using a comprehensive dataset on GDP, capital stocks, consumption, investment, employment, and net exports (used to measure capital flows) for 200 countries between 1950 and 2005. Specifically, we apply a structural estimation and testing methodology to a range of models proposed in the literature: defaultable debt, expropriable investment, limited commitment, as well as the complete markets benchmark.

Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Distinguishing Across Models of International Capital Flows (2011)
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:red:sed009:124

Access Statistics for this paper

More papers in 2009 Meeting Papers from Society for Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().