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Capital mobility: evidence from four South Asian economies


Cooray, AV, Capital mobility: evidence from four South Asian economies, Applied Economics Letters, 12, (9) pp. 577-581. ISSN 1350-4851 (2005) [Refereed Article]

DOI: doi:10.1080/13504850500142296


This paper examines the degree of capital mobility in four South Asian economies, namely, India, Sri Lanka, Pakistan and Bangladesh. The paper extends the Shibata and Shintani (1988) model to incorporate the interest rate differential. While the empirical results appear to be country specific, in general, capital does not appear to be mobile in South Asia. The results suggest that the interest rate differential is not related to changes in consumption in South Asia. © 2005 Taylor & Francis Group Ltd.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied economics
Research Field:Macroeconomics (incl. monetary and fiscal theory)
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Monetary policy
UTAS Author:Cooray, AV (Dr Arusha Cooray)
ID Code:35450
Year Published:2005
Web of Science® Times Cited:2
Deposited By:Economics and Finance
Deposited On:2005-08-01
Last Modified:2011-09-20

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