Capital inflows and economic growth: does the role of institutions matter?
Recent evidence shows that institutions figure prominently in explaining the ‘Lucas paradox’. Using a threshold regression model, we extend this evidence to a situation where institutions index the relationship between foreign capital inflows and economic growth. We find strong and robust evidence t...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
International Institute of Finance and Economics
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/43994/1/Capital%20inflows%20and%20economic%20growth%20does%20the%20role%20of%20institutions%20matter.pdf |