Date of Award
1997
Document Type
Thesis
Publication Status
Version of Record
Submission Date
October 2026
Thesis/Dissertation Advisor [Chair]
Yuhn, Ky-Hyang
Abstract
After the 1980s debt crisis had officially come to an end, most developing nations in Asia and Latin America successfully reentered the global capital market. Private capital flows into these regions surged to unprecedented heights. Present paper gives an overview of what gave rise to this sudden come-back of external finance to the developing world, why its composition and geographical dispersion had changed, and how it affected the macroeconomic environment of the recipient nation. Furthermore, a cross-section econometric analysis is applied to thirty-four countries for the early 1990s, to determine the effect of private inflows on the growth rate of real GDP, as a proxy for economic development, in the context of a standard neoclassical growth equation framework. Results confirm the favorable impact of portfolio investment, but foreign direct investment appears to hinder economic growth. An attempt is made to interpret these results and compare them with existing empirical research.
Extent
115 p.
Recommended Citation
Salome, Helena Johanna, "Private Capital Flows and Economic Development: A Cross-Sectional Analysis of Asian and Latin American Countries" (1997). Electronic Theses and Dissertations 1990 - 1999. 1213.
https://digitalcommons.fau.edu/etd_general_4/1213
Identifier
FA00000310
Comments
Thesis (M.S.)--Florida Atlantic University, 1997.|College of Business|FAU Electronic Theses and Dissertations Collection|Thesis (M.S.)--Florida Atlantic University, 1997.