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Volatilidad de los flujos de capital hacia los países en desarrollo: evidencia para América Latina, 1970-2002

Remberto Rhenals Monterroso () and Alejandro Torres García ()
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Remberto Rhenals Monterroso: Facultad de Ciencias Económicas, Universidad de Antioquia, Postal: Apartado Aéreo 1226

Lecturas de Economía, 2007, issue 67, 9-42

Abstract: Capital inflows dynamics towards developing countries during the last decades again has posited in the center of the debate the discussion on its benefits and costs. The objective of this work is to analyze the behavior of capital flows over 1970 and 2002, their volatility and effects on the Latin American macroeconomic performance. Volatility is measured by means of the variation coefficient, which is calculated in two forms. The results show that the volatility of capital inflows and the regional growth seem not to have increased, in spite of the very importance private flows acquired since the beginning of nineties

Keywords: Capital Flows; Latin America; Developing Countries; Volatility; Pull Factors and Push Factors (search for similar items in EconPapers)
JEL-codes: F21 F32 O16 (search for similar items in EconPapers)
Date: 2007
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Handle: RePEc:lde:journl:y:2007:i:67:p:9-42