EconPapers    
Economics at your fingertips  
 

How Persistent are International Capital Flows?

Vahagn Galstyan

No 2009-13, Economics Discussion Papers from Kiel Institute for the World Economy (IfW)

Abstract: 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
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.economics-ejournal.org/economics/discussionpapers/2009-13
https://www.econstor.eu/bitstream/10419/27494/1/dp2009-13.pdf (application/pdf)

Related works:
Working Paper: How Persistent are International Capital Flows? (2007) Downloads
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:zbw:ifwedp:7492

Access Statistics for this paper

More papers in Economics Discussion Papers from Kiel Institute for the World Economy (IfW) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2019-08-20
Handle: RePEc:zbw:ifwedp:7492