An Empirical Analysis On Malaysian Capital Flows
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Date
2002-05
Authors
Zull Kepili, Ema Izati
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Abstract
Capital flows to developing countries have been a growing issue since the mid-
1980s. Many developing countries like Malaysia, Brazil, Korea, Chile, Mexico and
others experienced large inflows of capital to their countries. The reasons of
encouraging inflows to these countries are based on numerous factors, which
however, classified as external and internal. factors. The factors contributing to
inflows and outflows of capital are not the same to all countries. This study is
conducted between the first quarter 1984 to the final quarter of 2000. Interestingly,
the causality tests in the study have shown oppositeĀ· conclusion from previoUs
studies. Cointegration study shows that there are possibilities-of the variables to
integrate in the long run. This study shows that not all factors contributing to other
small open economies will have the same result, given same variables studied.
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Keywords
An Empirical Analysis , On Malaysian Capital Flows