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The causes of the recent surge in private capital flows to Asia and Latin America
Abstract
The paper examines the causes of the recent surge in private capital flows to Asia and Latin America in a 'Push-Pull' framework using a panel data approach to estimation. This paper adds to the literature by distinguishing between the causes of Foreign Direct Investment and Portfolio Investment and also covers a greater time period than most other studies. The results suggest that Foreign Direct Investment is predominately caused by 'Pull' factors while 'Push' factors and exchange rate risk explain portfolio flows.
How to Cite:
Peiris, S.J., 2011. The causes of the recent surge in private capital flows to Asia and Latin America. Sri Lanka Journal of Social Sciences, 23(1-2), pp.33–57. DOI: http://doi.org/10.4038/sljss.v23i1-2.7423
Published on
04 Dec 2011.
Peer Reviewed
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