European Parliament Library

The Composition of Capital Flows :, Is South Africa Different?, Norbert Funke, Faisal Ahmed, Rabah Arezki

Abstract
Over the past decade, South Africa has attracted relatively little foreign direct investment (FDI), but considerable amounts of portfolio inflows. In this context, the objective of the paper is twofold: to identify the determinants of the level and composition of capital flows to emerging markets and to draw policy conclusions for South Africa. We estimate a dynamic panel for up to 81 emerging markets using GMM (Generalized Method of Moments) techniques. The results suggest that further trade and capital control liberalization would increase the share of FDI. Additionally, a reduction in exchange rate volatility would affect the composition of capital flows in favor of FDI
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. SOME STYLIZED FACTS""; ""III. A BRIEF REVIEW OF THE LITERATURE""; ""IV. EMPIRICAL ANALYSES""; ""V. CONCLUSIONS AND POLICY IMPLICATIONS FOR SOUTH AFRICA""; ""References""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (29 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781282109674

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