Capital Flows to EU New Member States : Does Sector Destination Matter?

Does Sector Destination Matter?

Capital Flows to EU New Member States : Does Sector Destination Matter?
The recent boom-bust episode in Emerging Europe was largely the product of surges and sudden stops in capital inflows. This paper empirically argues that the sectors into which capital flows determines their impact on GDP growth. Applying data from EU New Member States, it is found that capital flows into real estate have a greater impact on... READ MORE...

Publication date: March 2011
ISBN 9781455228034
$18.00

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