Capital flows in a globalized world
Subtitle: the role of policies and institutions
By: Laura Alfaro, Sebnem Kalemli-Ozcan, Vadym Volosovych
Contributors: Kalemli-Ozcan, Sebnem; Volosovych, Vadym; Harvard Business School. Division of Research
Series: Working paper / Division of Research, Harvard Business School -- 05-054; Working paper (Harvard Business School. Division of Research) -- 05-054
Publisher: Division of Research, Harvard Business School
Published: 2005
Place of publication: Boston
Language: eng
Number of pages: 54
Description: We describe the patterns of international capital flows in the period 1970-2000. We then examine the determinants of capital flows and capital flows volatility during this period. We find that institutional quality, such as legal origin of country, have a direct effect on today's foreign investment. Policy plays a significant role in explaining the increase in the level of capital flows over time and their volatility.
Notes: "February 2005"--Added t.p.

Includes bibliographical references.