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Determinants of Net Capital Flows in Developing Countries

In: Foreign Capital in Developing Economies

Author

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  • Stefano Manzocchi

    (University of Perugia)

Abstract

A fundamental question concerning capital movements in developing economies is tackled in this chapter. After suggesting a (qualified) positive answer to the question: ‘Were developing countries (DCs) open to international capital movements during 1960–88?’ in Chapter 5, we now ask: ‘What determined the distribution of net capital flows across DCs in the same period?’ While Chapter 5 addresses an issue which is preliminary with respect to the central topics of this volume, this chapter goes right to core of the growth-theoretical approach to capital flows — indeed, it would not be arbitrary to view it as the empirical counterpart of Chapter 3.

Suggested Citation

  • Stefano Manzocchi, 1999. "Determinants of Net Capital Flows in Developing Countries," Palgrave Macmillan Books, in: Foreign Capital in Developing Economies, chapter 6, pages 105-132, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-27620-2_6
    DOI: 10.1007/978-1-349-27620-2_6
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