FDI vs. FPI

The Role of Ageing

Alexandre Narciso

Research output: Working paperResearch

Abstract

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.
Original languageEnglish
Place of Publicationwww
PublisherSSRN: Social Science Research Network
Number of pages28
DOIs
Publication statusPublished - 2012

Keywords

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

Cite this

Narciso, A. (2012). FDI vs. FPI: The Role of Ageing. www: SSRN: Social Science Research Network. https://doi.org/10.2139/ssrn.2070002
Narciso, Alexandre. / FDI vs. FPI : The Role of Ageing. www : SSRN: Social Science Research Network, 2012.
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Narciso, A 2012 'FDI vs. FPI: The Role of Ageing' SSRN: Social Science Research Network, www. https://doi.org/10.2139/ssrn.2070002

FDI vs. FPI : The Role of Ageing. / Narciso, Alexandre.

www : SSRN: Social Science Research Network, 2012.

Research output: Working paperResearch

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