The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Capital Flows to Developing Countries: Long- and Short-Term Determinants
Open accessAbstract
This article focuses on the determinants of the large portfolio flows from the United States to Latin American and Asian countries during 1988–92. Cointegration techniques reveal that both domestic and global factors explain bond and equity flows to developing countries and represent significant long-run determinants of portfolio flows. The article also investigates the dynamics of portfolio flows by estimating seemingly unrelated error-correction models. Global and country-specific factors are equally important in determining the long-run movements in equity flows for both Asian and Latin American countries, while global factors are much more important than domestic factors in explaining the dynamics of bond flows. U.S. interest rates are a particularly important determinant of the short-run dynamics of portfolio, especially bond, flows to developing countries.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Co-integration and error correction: representation, estimation and testing
Engle, R. F., & Granger, C. W. J. (1987) · Econometrica · doi:10.2307/1913236 · Cited by 32,007
STATISTICAL ANALYSIS OF COINTEGRATION VECTORS
Johansen, S. (1988) · Journal of Economic Dynamics and Control · doi:10.1016/0165-1889(88)90041-3 · Cited by 17,027
Credit Rationing in Markets with Imperfect Information
Stiglitz, J. E., & Weiss, A. (1981) · Columbia University · doi:10.7916/d8v12ft1 · Cited by 12,769
Cited by
Globalization and the Decline of the Welfare State in Less-Developed Countries
Rudra, N. (2002) · International Organization · doi:10.1162/002081802320005522 · Cited by 473
Liberalization, FDI, and Growth in Developing Countries: A Panel Cointegration Approach
Basu, P., Chakraborty, C., & Reagle, D. (2003) · Economic Inquiry · doi:10.1093/ei/cbg024 · Cited by 304
Metadata
- Authors
- Taylor, M. P., & Sarno, L.
- Venue
- The World Bank Economic Review
- Publisher
- Oxford University Press (OUP)
- Published
- 1997-09-01
- Volume
- 11
- Issue
- 3
- Pages
- 451-470
- ISSN
- 0258-6770 (ISSN-L)
- 1564-698X
- OpenAlex
- W2156037496
- Cited by
- 337
- References
- 3
- FWCI
- 13.72
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Capital Flows to Developing Countries: Long- and Short-Term Determinants. https://app.cochat.ai/papers/10.1093/wber/11.3.451
- The paper
- Taylor, M. P., & Sarno, L. (1997). Capital Flows to Developing Countries: Long- and Short-Term Determinants. The World Bank Economic Review. https://doi.org/10.1093/wber/11.3.451
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
