The composition of capital flows to South Africa

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dc.contributor.author AHMED, F.
dc.contributor.author AREZKI, Rabah
dc.contributor.author FUNKE, N.
dc.date.accessioned 2011-05-23T13:40:30Z
dc.date.available 2011-05-23T13:40:30Z
dc.date.issued 2007
dc.identifier.citation Journal of international development, 2007, 19, 2, 275-294
dc.identifier.issn 0954-1748
dc.identifier.uri http://hdl.handle.net/1814/17426
dc.description.abstract Unlike in most other emerging markets, capital flows to South Africa since the mid 1990s have been heavily biased toward portfolio flows. In this context, the objective of the paper is twofold: to identify the determinants of the level and composition of capital flows to emerging markets and to draw policy conclusions for South Africa. The empirical results suggest that further trade and capital control liberalisation would increase the share of FDI in South Africa. Additionally, a reduction in exchange rate volatility would affect the composition of capital flows in favour of FDI. Copyright John Wiley & Sons. Reproduced with permission. An electronic version of this article is available online at http://www.interscience.wiley.com
dc.language.iso en
dc.subject Capital flow
dc.subject Foreign direct investment
dc.subject Economic policy
dc.subject Exchange rates
dc.subject Capital market
dc.subject Economic development
dc.subject Distribution
dc.subject South Africa
dc.title The composition of capital flows to South Africa
dc.type Article
dc.identifier.doi 10.1002/jid.1324
dc.neeo.contributor AHMED|F.|aut|
dc.neeo.contributor AREZKI|Rabah|aut|
dc.neeo.contributor FUNKE|N.|aut|
dc.identifier.volume 19
dc.identifier.startpage 275
dc.identifier.endpage 294
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dc.identifier.issue 2


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