Capital Inflows and Investment Performance: Chile in the 1990s
Posted: 7 Jun 2000
Date Written: Undated
This paper deals with the relationship between capital inflow and investment during the most recent surge in foreign capital into the Chilean economy. The effects on investment of capital inflow are analyzed with a microeconomic model that emphasizes differential impacts on tradables and non-tradables. Empirically the paper deploys cointegration techniques to study the long-run relationships and an error-correction model for the short-term behavior of investment. The model allows interpretation of developments in the Chilean economy in the 1990s.
JEL Classification: F21
Suggested Citation: Suggested Citation
Agosin, Manuel R., Capital Inflows and Investment Performance: Chile in the 1990s (Undated). Available at SSRN: https://ssrn.com/abstract=69128
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.