Consumer preferences and the reliability of Euler equation tests of capital mobility : some simulation-based evidence

by Claudia M. Buch; Joerg Doepke; Christian Pierdzioch

The debate on the risks and benefits of the globalisation of international capital markets has focused on the volume and the volatility of the main capital flows ? foreign direct investment (FDI), portfolio investment, and foreign bank lending. Financial transfers in the form of worker remittances have received less attention in this context. This paper provides an analysis on the magnitude of remittances, their volatility, and their relationship to other capital flows. Moreover, we provide empirical evidence on the determinants of remittances and private capital flows.

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Year of publication:	2002
Authors:	Buch, Claudia M. ; Döpke, Jörg ; Pierdzioch, Christian
Publisher:	Kiel : Inst. für Weltwirtschaft
Subject:	Kapitalmobilität \| Capital mobility \| Intertemporale Entscheidung \| Intertemporal choice \| Zeitreihenanalyse \| Time series analysis \| Simulation \| Schätzung \| Estimation \| Theorie \| Theory \| Welt \| World \| Variationsrechnung \| Variational method \| Neue Makroökonomik offener Volkswirtschaften \| New open economy macroeconomics \| Kapitalbewegung \| Kreditmarkt \| Internationalisierung
Description of contents:	Description [uni-kiel.de]