The Output Decline in Asian Crisis Countries : Investment Aspects /

This paper examines whether capital outflows may have contributed to output declines during the Asian Crisis by reducing the financing available for domestic investment. Panel data regressions suggest a positive, short-term relationship between net capital inflows and investment during the period be...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Greene, Joshua
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2002.
Sarja:IMF Working Papers; Working Paper ; No. 2002/025
Linkit:Full text available on IMF
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245 1 4 |a The Output Decline in Asian Crisis Countries :   |b Investment Aspects /  |c Joshua Greene. 
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300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper examines whether capital outflows may have contributed to output declines during the Asian Crisis by reducing the financing available for domestic investment. Panel data regressions suggest a positive, short-term relationship between net capital inflows and investment during the period before 1997 in five Asian countries once real net capital flows are netted out from real flows of private bank credit. In addition, net real private inflows and real private investment appear to have been cointegrated in at least three of these countries, suggesting a long-term relationship as well. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/025 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/025/001.2002.issue-025-en.xml  |z IMF e-Library