How Persistent are International Capital Flows?
No 2009-13, Economics Discussion Papers from Kiel Institute for the World Economy (IfW)
This paper documents the dynamic properties of the current account, trade balance and international capital flows. For this purpose, two approaches are taken: probit and a nonparametric estimation. The probabilistic approach shows that, in general, deficits and net inflows tend to be more persistent than surpluses and net outflows. This result is robust to either specification of pooled and country-specific probits. The results of non-parametric estimation are in line with the results obtained from the probit.
Keywords: Capital flows; persistence (search for similar items in EconPapers)
JEL-codes: F30 F00 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ifn and nep-opm
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Working Paper: How Persistent are International Capital Flows? (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:7492
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