Private capital flows, stock market and economic growth in developed and developing countries: a comparative analysis

• Main Authors: Choong, Chee Keong, Baharumshah, Ahmad Zubaidi, Yusop, Zulkornain, Habibullah, Muzafar Shah
• Format: Article
• Language: English
• Published: Elsevier 2010
• Online Access: http://psasir.upm.edu.my/id/eprint/16349/1/Private%20capital%20flows.pdf; http://psasir.upm.edu.my/id/eprint/16349/

Empirically we investigate how three types of private capital flows could promote economic growth in recipient developed and developing countries. Our focus is on the role of stock markets as a channel through which foreign capital flows could promote growth. The findings reveal that FDI exhibits a...