FDI vs. FPI: The Role of Ageing

Alexandre Narciso

doi:10.2139/ssrn.2070002

FDI vs. FPI: The Role of Ageing

Alexandre Narciso

Department of Economics

Research output: Working paper › Research

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 language	English
Place of Publication	www
Publisher	SSRN: Social Science Research Network
Number of pages	28
DOIs	https://doi.org/10.2139/ssrn.2070002
Publication status	Published - 2012

Keywords

International Capital Flows
Demography
Capital Mobility
FDI
Portfolio Investment

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Cite this

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