The threshold consumption correlation-based approach to international capital mobility: evidence from advanced and developing countries

Jun Nagayasu

MPRA Paper from University Library of Munich, Germany

Abstract: Using the consumption correlation-based criterion, this paper analyzes international capital mobility for both advanced and developing countries. We provide evidence that global capital markets are imperfectly integrated for both advanced and developing countries. However, a clear difference between these groups of countries emerges when their consumption growth has stagnated; in developing countries at such times, the opportunity to smooth their consumption drops dramatically.

Keywords: International capital mobility; Panel data approach; Threshold model; Consumption correlation (search for similar items in EconPapers)
JEL-codes: F30 (search for similar items in EconPapers)
Date: 2012-01-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/36215/1/MPRA_paper_36215.pdf original version (application/pdf)

Related works:
Journal Article: The threshold consumption correlation-based approach to international capital mobility: Evidence from advanced and developing countries (2012)
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:pra:mprapa:36215

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().