What Factors Appear to Drive Private Capital Flows to Developing Countries? And How Does Official Lending Respond?

The authors study what drives private capital flows to developing countries, as well as the apparent response of official lending for the years 1978-97. Econometric results reveal that non-foreign direct investment portfolio flows to a country tend...

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Bibliographic Details
Main Authors:	Dasgupta, Dipak, Ratha, Dilip
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ADJUSTMENT LENDING AGGREGATE LEVEL ALLOCATION MODELS BALANCE OF PAYMENTS BANK LENDING BANK LOANS BENCHMARK BLEND COUNTRIES BONDS BORROWING BORROWING COUNTRIES CAPITAL FLOWS CAPITAL MARKETS COMMERCIAL BORROWING COMMERCIAL LOANS COUNTRY LEVEL COUNTRY SPECIFIC CREDIT RATIONING CREDIT RISK CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CYCLICAL BEHAVIOR DEBT DECISION MAKING DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING ECONOMIES DEVELOPING WORLD DEVELOPMENT ECONOMICS ECONOMETRIC ANALYSIS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH EMPIRICAL RESULTS EXOGENOUS VARIABLES EXPLANATORY VARIABLES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MARKETS FISCAL YEAR FORECASTS FOREIGN EXCHANGE GDP GLOBAL MARKETS GLOBALIZATION GNP GROWTH PERFORMANCE GROWTH RATE HIGH VOLATILITY INCOME DEVELOPING COUNTRIES INCOME GROUP INCOME LEVELS INDEPENDENT VARIABLES INDUSTRIAL COUNTRIES INFLATION INFLATION RATE INFLATION RATES INTEREST RATES INTERNATIONAL RESERVES LAGGED DEPENDENT LIQUIDITY LOW- INCOME COUNTRIES LOW-INCOME COUNTRIES MACROECONOMIC VARIABLES MATURITIES MIDDLE-INCOME COUNTRIES MORAL HAZARD NEGATIVE EFFECT NEGATIVE SIGN PER CAPITA PER CAPITA INCOME PER CAPITA INCOMES POLICY REFORMS POLICY RESEARCH PORTFOLIO PRIMARY COMMODITIES PRIVATIZATION QUANTITATIVE ANALYSIS RAPID GROWTH REAL EXCHANGE REAL EXCHANGE RATE REAL EXCHANGE RATES REAL INTEREST REAL INTEREST RATE REAL INTEREST RATES REAL PRICES REDUCED FORM EQUATION REGIONAL DISTRIBUTION RELATIVE IMPORTANCE RISING DEMAND RISING TREND SHARP FALL SIGNIFICANT FACTOR
Online Access:	http://documents.worldbank.org/curated/en/2000/07/436951/factors-appear-drive-private-capital-flows-developing-countries-official-lending-respond http://hdl.handle.net/10986/19821

Internet

http://documents.worldbank.org/curated/en/2000/07/436951/factors-appear-drive-private-capital-flows-developing-countries-official-lending-respond
http://hdl.handle.net/10986/19821

What Factors Appear to Drive Private Capital Flows to Developing Countries? And How Does Official Lending Respond?

Internet

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