How Different are FDI and FPI Flows?: Distance and Capital Market Integration

@inproceedings{Hattari2011HowDA,
  title={How Different are FDI and FPI Flows?: Distance and Capital Market Integration},
  author={Rabin Hattari and Ramkishen S. Rajan},
  year={2011}
}
The availability of bilateral capital flows between countries has given rise to a number of papers attempting to understand trends and determinants of capital flows between country pairs. Almost without exception, the papers find that the gravity model fits the data quite well. Specifically, while economic sizes of the host and source (measured by GDP, population etc) appear to positively impact bilateral flows in most cases, distance -- broadly proxying some sort of transactions and / or… CONTINUE READING

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