{"title":"资本外逃会损害国内投资吗?来自新兴和发达欧洲的实证调查","authors":"M. W. Tiruneh, Mária Širaňová, Filip Ostrihoň","doi":"10.31577/EKONCAS.2021.02.02","DOIUrl":null,"url":null,"abstract":"In this study, we estimate the size of capital flight and its spillover effect on domestic investment in selected European economies during the 2006 – 2016 period. The results based on the fixed effects ordinary least squares method suggest that capital flight has an adverse impact on investment in the economies included in our sample. As a robustness check, we also use the system generalized method of moments (GMM). Our results based on a mix of emerging and advanced economies are fairly similar with previous studies based on emerging economies alone (Yalta, 2010) and developing economies (Ndiaye, 2009).","PeriodicalId":45333,"journal":{"name":"Ekonomicky Casopis","volume":"23 1","pages":"135-157"},"PeriodicalIF":0.4000,"publicationDate":"2021-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Does Capital Flight Harm Domestic Investment? An Empirical Investigation from a Panel of Emerging and Advanced Europe\",\"authors\":\"M. W. Tiruneh, Mária Širaňová, Filip Ostrihoň\",\"doi\":\"10.31577/EKONCAS.2021.02.02\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"In this study, we estimate the size of capital flight and its spillover effect on domestic investment in selected European economies during the 2006 – 2016 period. The results based on the fixed effects ordinary least squares method suggest that capital flight has an adverse impact on investment in the economies included in our sample. As a robustness check, we also use the system generalized method of moments (GMM). Our results based on a mix of emerging and advanced economies are fairly similar with previous studies based on emerging economies alone (Yalta, 2010) and developing economies (Ndiaye, 2009).\",\"PeriodicalId\":45333,\"journal\":{\"name\":\"Ekonomicky Casopis\",\"volume\":\"23 1\",\"pages\":\"135-157\"},\"PeriodicalIF\":0.4000,\"publicationDate\":\"2021-02-22\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Ekonomicky Casopis\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.31577/EKONCAS.2021.02.02\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Ekonomicky Casopis","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.31577/EKONCAS.2021.02.02","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
Does Capital Flight Harm Domestic Investment? An Empirical Investigation from a Panel of Emerging and Advanced Europe
In this study, we estimate the size of capital flight and its spillover effect on domestic investment in selected European economies during the 2006 – 2016 period. The results based on the fixed effects ordinary least squares method suggest that capital flight has an adverse impact on investment in the economies included in our sample. As a robustness check, we also use the system generalized method of moments (GMM). Our results based on a mix of emerging and advanced economies are fairly similar with previous studies based on emerging economies alone (Yalta, 2010) and developing economies (Ndiaye, 2009).
期刊介绍:
Journal of Economics, Institute of Economic Research of Slovak Academy of Sciences, Šancová 56, 811 03 Bratislava 1, Slovak Republic The Journal is monitored by Social Sciences Citation Index, Current Contents/Social and Behavioural Sciences and by electronic EconLit Index.