Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/205017 
Year of Publication: 
2019
Series/Report no.: 
AGDI Working Paper No. WP/19/047
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This study examines the asymmetry between capital flows and economic growth in 42 countries for the period 1990-2017. It further argues that uncertainty is an important channel through which asymmetry operates. As such, the three measures of uncertainty are macroeconomic, fiscal and institutional. The Generalised Method of Moments is used as an empirical strategy. The existence of an asymmetry is confirmed by the findings as capital flows are more reactive to economic drag when compared to economic growth. Furthermore, the channels through which asymmetry operate are heterogeneous to measures of capital flows and proxies for uncertainty.
Subjects: 
Capital flows
Economic growth
Asymmetry
Uncertainty and Emergingcountries
JEL: 
C13
F3
G15
O16
Document Type: 
Working Paper

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