Mody, Ashoka; Taylor, Mark P; Kim, Jung Yeon - In: International Journal of Finance & Economics 6 (2001) 3, pp. 201-16
In this paper, we provide capital flow forecasts to 32 developing countries using a vector error correction framework based on underlying domestic (pull) fundamentals and international (push) factors. In general, pull factors have a heavier weight in determining these capital flows. However,...