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FDI inflows; how do they interact with non-FDI inflows during crises? Some evidence from Asia

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  • Tony Cavoli

Abstract

This article examines the interactions of FDI in flows with the other components of capital inflows - namely debt, equity and bank - by analysing both the causes and effects of FDI flows, emphasizing those effects that might occur during crisis periods for a small sample of Asian countries: Korea, Indonesia and Thailand. It is found that crisis periods magnify the relationships between FDI and non-FDI inflows and that crises tend to make inflow substitutes, regardless of what the relationship might have been in noncrisis periods.

Suggested Citation

  • Tony Cavoli, 2015. "FDI inflows; how do they interact with non-FDI inflows during crises? Some evidence from Asia," Applied Economics Letters, Taylor & Francis Journals, vol. 22(7), pages 572-575, May.
    • Handle: RePEc:taf:apeclt:v:22:y:2015:i:7:p:572-575
    DOI: 10.1080/13504851.2014.957439
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    References listed on IDEAS

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    1. Alberto Gabriele & Korkut Baratav & Ashok Parikh, 2000. "Instability and Volatility of Capital Flows to Developing Countries," The World Economy, Wiley Blackwell, vol. 23(8), pages 1031-1056, August.
    2. Cavoli, Tony, 2014. "Substitutes or complements? The interactions between components of capital inflows for Asia," Journal of Asian Economics, Elsevier, vol. 31, pages 32-41.
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