Matches in SemOpenAlex for { <https://semopenalex.org/work/W3142082925> ?p ?o ?g. }
- W3142082925 abstract "Empirical evidence of the causal relationship between capital flows and economic growth over the decades is largely indecisive. While the promised benefits to countries that open for capital inflows have not been realized, sudden and massive capital outflows often visibly wreak havoc on the economy. By using the recently developed asymmetric Granger causality test, we find overwhelming evidence across nine selected Asian countries in support of asymmetric effect of capital flow on economic growth in the sense that cumulative capital inflows are growth irrelevant, whereas cumulative capital outflows are growth destructive. Based on a small open-economy model expanded with heterogeneous investment goods and endogenous nonlinear credit constraint, we provide an economic intuition for the asymmetry that survives different level of financial developments. In particular, arbitrage condition between heterogeneous investment goods sets a boundary over which massive and persistent capital inflows would leave no impact on long-run growth. Whereas endogenous nonlinear credit constraint triggers debt deflation process, making large and persistent capital outflows growth destructive." @default.
- W3142082925 created "2021-04-13" @default.
- W3142082925 creator A5061690756 @default.
- W3142082925 creator A5087848642 @default.
- W3142082925 creator A5089838570 @default.
- W3142082925 date "2015-01-01" @default.
- W3142082925 modified "2023-09-23" @default.
- W3142082925 title "Asymmetric growth effect of capital flows: Evidence and quantitative theory" @default.
- W3142082925 cites W1603273918 @default.
- W3142082925 cites W1979998331 @default.
- W3142082925 cites W1996285825 @default.
- W3142082925 cites W2001465399 @default.
- W3142082925 cites W2014339993 @default.
- W3142082925 cites W2026233450 @default.
- W3142082925 cites W2033744044 @default.
- W3142082925 cites W2046272820 @default.
- W3142082925 cites W2078213728 @default.
- W3142082925 cites W2119653565 @default.
- W3142082925 cites W2158913539 @default.
- W3142082925 cites W3121164101 @default.
- W3142082925 cites W3121667763 @default.
- W3142082925 cites W3121801254 @default.
- W3142082925 cites W3122325705 @default.
- W3142082925 cites W3123135731 @default.
- W3142082925 cites W3123185352 @default.
- W3142082925 cites W3123806267 @default.
- W3142082925 cites W3124046750 @default.
- W3142082925 cites W3124204448 @default.
- W3142082925 cites W3124802613 @default.
- W3142082925 cites W3124939418 @default.
- W3142082925 cites W3124973429 @default.
- W3142082925 cites W3143307510 @default.
- W3142082925 hasPublicationYear "2015" @default.
- W3142082925 type Work @default.
- W3142082925 sameAs 3142082925 @default.
- W3142082925 citedByCount "0" @default.
- W3142082925 crossrefType "journal-article" @default.
- W3142082925 hasAuthorship W3142082925A5061690756 @default.
- W3142082925 hasAuthorship W3142082925A5087848642 @default.
- W3142082925 hasAuthorship W3142082925A5089838570 @default.
- W3142082925 hasConcept C111472728 @default.
- W3142082925 hasConcept C118661131 @default.
- W3142082925 hasConcept C136264566 @default.
- W3142082925 hasConcept C138885662 @default.
- W3142082925 hasConcept C139719470 @default.
- W3142082925 hasConcept C143369678 @default.
- W3142082925 hasConcept C162324750 @default.
- W3142082925 hasConcept C166052673 @default.
- W3142082925 hasConcept C166957645 @default.
- W3142082925 hasConcept C17744445 @default.
- W3142082925 hasConcept C187452473 @default.
- W3142082925 hasConcept C190430219 @default.
- W3142082925 hasConcept C199539241 @default.
- W3142082925 hasConcept C24649204 @default.
- W3142082925 hasConcept C27548731 @default.
- W3142082925 hasConcept C2776943663 @default.
- W3142082925 hasConcept C34447519 @default.
- W3142082925 hasConcept C44750222 @default.
- W3142082925 hasConcept C556758197 @default.
- W3142082925 hasConcept C58202505 @default.
- W3142082925 hasConcept C821917 @default.
- W3142082925 hasConcept C83646750 @default.
- W3142082925 hasConcept C9127897 @default.
- W3142082925 hasConcept C94625758 @default.
- W3142082925 hasConcept C95457728 @default.
- W3142082925 hasConceptScore W3142082925C111472728 @default.
- W3142082925 hasConceptScore W3142082925C118661131 @default.
- W3142082925 hasConceptScore W3142082925C136264566 @default.
- W3142082925 hasConceptScore W3142082925C138885662 @default.
- W3142082925 hasConceptScore W3142082925C139719470 @default.
- W3142082925 hasConceptScore W3142082925C143369678 @default.
- W3142082925 hasConceptScore W3142082925C162324750 @default.
- W3142082925 hasConceptScore W3142082925C166052673 @default.
- W3142082925 hasConceptScore W3142082925C166957645 @default.
- W3142082925 hasConceptScore W3142082925C17744445 @default.
- W3142082925 hasConceptScore W3142082925C187452473 @default.
- W3142082925 hasConceptScore W3142082925C190430219 @default.
- W3142082925 hasConceptScore W3142082925C199539241 @default.
- W3142082925 hasConceptScore W3142082925C24649204 @default.
- W3142082925 hasConceptScore W3142082925C27548731 @default.
- W3142082925 hasConceptScore W3142082925C2776943663 @default.
- W3142082925 hasConceptScore W3142082925C34447519 @default.
- W3142082925 hasConceptScore W3142082925C44750222 @default.
- W3142082925 hasConceptScore W3142082925C556758197 @default.
- W3142082925 hasConceptScore W3142082925C58202505 @default.
- W3142082925 hasConceptScore W3142082925C821917 @default.
- W3142082925 hasConceptScore W3142082925C83646750 @default.
- W3142082925 hasConceptScore W3142082925C9127897 @default.
- W3142082925 hasConceptScore W3142082925C94625758 @default.
- W3142082925 hasConceptScore W3142082925C95457728 @default.
- W3142082925 hasLocation W31420829251 @default.
- W3142082925 hasOpenAccess W3142082925 @default.
- W3142082925 hasPrimaryLocation W31420829251 @default.
- W3142082925 hasRelatedWork W1497912348 @default.
- W3142082925 hasRelatedWork W1518745113 @default.
- W3142082925 hasRelatedWork W1576012611 @default.
- W3142082925 hasRelatedWork W1607005843 @default.
- W3142082925 hasRelatedWork W1987111653 @default.
- W3142082925 hasRelatedWork W2019363627 @default.
- W3142082925 hasRelatedWork W2157873021 @default.