FDI vs. FPI: The Role of Ageing

Alexandre Narciso

Publikation: Working paperForskning

Abstrakt

In this paper, we examine how the future age structure of the nation helps explaining the current ratio of FPI over FDI in a country’s foreign asset stock. Firstly, we present a theoretical foundation of the relation and then we test it empirically. Theoretical foundations are based on the theoretical model of Goldstein and Razin (2006). The ratio of FPI over FDI is modelled by using fixed effects unbalanced panel data and Arellano-Bond dynamic panel GMM estimators.
OriginalsprogEngelsk
Udgivelsesstedwww
UdgiverSSRN: Social Science Research Network
Antal sider28
DOI
StatusUdgivet - 2012

Emneord

  • International Capital Flows
  • Demography
  • Capital Mobility
  • FDI
  • Portfolio Investment

Citationsformater