Series: IMF Working Papers
Author(s): Antu Murshid , and Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2011
Keywords: growth, growth volatility, heteroscedasticity, volatility regimes, current account, capital inflows, current account balance, private capital flows, Economic Growth of Open Economies,
Recent commentary has downplayed the growth dividend from international financial integration, highlighting the possibly negative correlation between capital inflows and long-run growth. This paper presents new evi...