학술논문
The Determinants of Disaggregated Capital Inflows to Emerging Market Economies: Empirical Evidence from Korea
이용수 40
- 영문명
- The Determinants of Disaggregated Capital Inflows to Emerging Market Economies: Empirical Evidence from Korea
- 발행기관
- 세종대학교 경제통합연구소
- 저자명
- Sungcheol Kim Kyunghun Kim
- 간행물 정보
- 『Journal of Economic Integration』제38권 제1호, 1~31쪽, 전체 31쪽
- 주제분류
- 경제경영 > 경제학
- 파일형태
- 발행일자
- 2023.03.31
6,520원
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국문 초록
영문 초록
This paper investigates the key factors in determining disaggregated portfolio investment flows to Korea. I categorize total portfolio investment flows by investor type, such as global banks, investment funds, securities firms, and pension companies. From the structural vector autoregression model with dummy variables, this paper finds that the properties of each institution's capital inflows are quite different. For example, investment funds and securities firm flows are more responsive to stock market index, whereas pension companies are more sensitive to domestic output growth. This implies that the impact of any economic shock on the total foreign capital flows cannot be generalized as the impact on each investment group's capital flow.
목차
I. Introduction
II. Data and Methodology
III. Empirical Results
IV. Robustness Check
V. Conclusion
References
해당간행물 수록 논문
- Effects of the Tax Transition Reform on the Real Exchange Rate through the Trade Openness Channel in Developing Countries
- The Determinants of Disaggregated Capital Inflows to Emerging Market Economies: Empirical Evidence from Korea
- Trade Policy and African Participation in Global Value Chains: Does Trade Facilitation Matter?
- Market Integration through Smuggling: China's Sanction on Norwegian Salmon
- More Integrated than Ever? Long-Term Market and Policy Drivers of Intra-Asian Trade
- In the Dark or Out of the Shadows? Trade Liberalization and Underground Economies in Sub-Saharan Africa
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