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The Development Finance International Group is a non-profit capacity-building, advocacy, advisory and research group which works with more than 50 governments and international organizations worldwide.
This paper confirms neoclassical theory that LDCs tend to experience net capital inflows and more developed countries net capital outflows, when accounting for the degree of capital account openness, and various country characteristics. Findings are driven by FDI, portfolio equity, and to some extent by loans to the private sector.
The Centre for Latin
American Monetary
Studies
The West African Institute
for Financial and
Economic Management
The Regional Debt Management
Training Unit
for Central and Western Africa
The Macroeconomic and
Financial Management
Institute of Eastern and
Southern Africa
