Why Doesn't Capital Flow from Rich to Poor Countries? An Empirical Investigation

By Laura Alfaro, Sebnem Kalemli‐ozcan, V. Volosovych. Review of Economics and Statistics, 2008

1,052 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/a1565cb7ff9546ceabfa35f98fbd70285eec8c97

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Citations in the corpus

Domestic Institutions and the Bypass Effect of Financial Globalization (2010, neutral): “where we have used the result thatβ =( 1 +r)f/z,and equations ( 2 ) and (11), for”
Financial Integration, Investment, and Economic Growth: Evidence from Two Eras of Financial Globalization (2010, methodology): “The system GMM estimator, introduced by Arellano and Bover (1995) and Blundell and Bond (1997), combines the standard set of equations in first differences with suitably lagged levels as instruments with an additional set of equations in levels with suitable lagged first differences as instruments (”
Stock Market Integration and the Global Financial Crisis (2015, background): “In addition, Alfaro et al. (2008) conclude that institutional quality is the leading causal variable explaining the differences in global capital flows.”
Push Factors and Capital Flows to Emerging Markets: Why Knowing Your Lender Matters More than Fundamentals (2015, neutral): “As many contributions have convincingly shown (e.g., Alfaro et al. 2008), countries with poorer macroeconomic or institutional fundamentals tend to receive less capital inflows.”
The impacts of immigrants and institutions on bilateral tourism flows (2016, background): “This coefficient is higher than what Alfaro et al. (2008) and Balli, Jean Louis, and Osman (2011) found, respectively 3.65% and 2.44%, when they looked into the relationship between capital flows and institutional quality.”
Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens (2020, background): “Lucas (1990), Gourinchas and Jeanne (2013), and Alfaro et al. (2008) focus on the puzzling behavior of North-to-South capital flows. Forbes (2010) studies the determinants of global investment into U.S. securities. Most recently, Koijen and Yogo (2019) use CPIS data to estimate a demand system for f”
Regulatory Arbitrage and International Bank Flows (2011, result): “Previous studies (e.g. Alfaro et al., 2008; Papaioannou, 2009) highlight the important of institutional quality in driving the internal bank flows.”
Determinants of FDI in developed and developing countries: a quantitative analysis using GMM (2018, background): “350 JES 45,2 Alfaro et al. (2008) related economic development with foreign capital inflows and institutional quality.”
Are Bilateral Remittances Countercyclical? (2011, neutral): “7 Lucas (1990), Alfaro et al. (2005), Gourinchas and Jeanne (2007), Prasad et al. (2007), Kalemli-Ozcan et al. (2009).”
When BITs have some bite: The political-economic environment for bilateral investment treaties (2011, background): “One answer is the failure of institutions in low-income countries to protect and support capital investment ( Alfaro et al. 2007, 2008 ).”