Monday, 21 March 2016
Journal title: International Review of Business Research Papers
(vol 12 No. 1 3/2016)
Author: TRAM HOANG THUY BICH NGUYEN
Abstract
This paper examines the impact of uncertain capital flows on growth to a group of 60 developing countries during the 1990s. We distinguish between total capital flows, official capital flows and private capital flows. For the three types of capital flows we derive a yearly uncertainty measure. We use the yearly uncertainty measures in ordinary least squares estimates, as well as system GMM estimates to explain the impact of uncertain capital flows on growth. Both types of estimates suggest that uncertain capital flows have a negative effect on growth in developing countries.