| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4793 |
| 来源ID | Working Paper 4793 |
| Capital Flight, External Debt and Domestic Policies | |
| Michael P. Dooley; Kenneth M. Kletzer | |
| 发表日期 | 1994-07-01 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | It is now well documented that capital flight has been a dominant feature of capital movements between developing and industrial countries. Since 1988 reductions in the stock of flight capital more than account for private capital flows to emerging markets. This suggests that what appears to be a diversification of portfolios of residents of developed countries may be a restoration of 'home bias' in the portfolios of residents of developing countries. We show that changes in the stock of capital flight can increase or decrease welfare depending on the structure of distortionary taxes and subsidies on capital income and the effects of capital flight on the tax base. |
| 主题 | International Economics ; International Finance |
| URL | https://www.nber.org/papers/w4793 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562195 |
| 推荐引用方式 GB/T 7714 | Michael P. Dooley,Kenneth M. Kletzer. Capital Flight, External Debt and Domestic Policies. 1994. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4793.pdf（183KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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