Macroeconomics, politics, and policy: The determinants of capital flows to Latin America

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dc.contributor.committeeChair Biglaiser , Glen
dc.contributor.committeeMember Thames , Frank
dc.contributor.committeeMember Patterson , Dennis
dc.degree.department Political Science
dc.degree.discipline Political Science
dc.degree.grantor Texas Tech University
dc.degree.level Masters
dc.degree.name Master of Art
dc.rights.availability Unrestricted .
dc.creator Huggins , Caitlin Elizabeth
dc.date.accessioned 2014 -02 -19T18 :25 :21Z
dc.date.available 2012 -06 -01T14 :19 :26Z
dc.date.available 2014 -02 -19T18 :25 :21Z
dc.date.issued 2007 -08
dc.identifier.uri http : / /hdl .handle .net /2346 /18206
dc.description.abstract Since the “lost decade” of the 1980’s Latin America has attracted several forms of capital from abroad . Extensive studies about the effects of capital have found mixed results about their effects , but that these emerging markets are constantly seeking out foreign monies . Despite unresolved debates over these effects , policy makers desire to understand the determinants of capital inflows—specifically foreign direct investment (FDI ) , portfolio investment (PI ) , and remittances . Although determinants of FDI have been extensively studied , portfolio investment and remittances , which make up a combined three -fourths of capital inflows for many of these nations , have been mostly ignored . In this study , I investigate the different factors and dynamics that determine these three different forms of capital inflow . I argue that the factors (macroeconomic , political , and domestic ) that help determine each of these types of capital inflows are different across inflow type . I find that PI remains the most unpredictable form of capital to the region , but that remittances and FDI demonstrate important similarities that policy makers should consider . My findings about remittances also have substantial implications for future research of migrants’ decision to remit as well as a states’ ability to stimulate these flows with implications for capital control policy .
dc.format.mimetype application /pdf
dc.language.iso eng
dc.subject Political Economy
dc.subject Remittances
dc.subject Portfolio Investment
dc.title Macroeconomics , politics , and policy : The determinants of capital flows to Latin America
dc.type Thesis

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Macroeconomics, politics, and policy: The determinants of capital flows to Latin America. Master's thesis, Texas Tech University. Available electronically from http : / /hdl .handle .net /2346 /18206 .

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