Capital flows, capital accumulation, and productivity in developing countries
DOI:
https://doi.org/10.11606/1980-5330/ea195650Palabras clave:
capital flows, capital accumulation, productivityResumen
This paper presents an empirical analysis of the relationships between capital flows, capital accumulation, and productivity. Using data for 69 developing countries from 1980 to 2009, growth equations for capital stock and total factor productivity are estimated. The results suggest no evidence that capital flows stimulate capital stock or total factor productivity growth in developing countries, nor robust evidence that these effects depend on institutional development, financial development, trade openness, or macroeconomic stability.
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Derechos de autor 2025 Economia Aplicada
Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial 4.0.
