International investment patterns: evidence using a new dataset

Mishra, Anil V. (2005) International investment patterns: evidence using a new dataset. In: The 3rd Financial Markets Asia Pacific Conference, 26-27 May 2005, Sydney.

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Abstract

This paper examines the bilateral, source and host factors driving portfolio equity investment across countries, using International Monetary Fund’s new dataset on international equity holdings at the end of 1997, 2001 and 2002. This paper illustrates a model that links bilateral equity holdings to bilateral trade in goods and services. This paper finds that the bilateral equity investment is strongly correlated with the underlying patterns of trade in goods and services. The size of domestic stock market is the key correlate of aggregate foreign portfolio equity asset and liability holdings. The scale of aggregate foreign equity asset holdings is larger for countries having more per capita income.


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Item Type: Conference or Workshop Item (Commonwealth Reporting Category E) (Paper)
Refereed: Yes
Item Status: Live Archive
Additional Information: No indication of copyright restrictions.
Depositing User: Dr Anil Mishra
Faculty / Department / School: Historic - Faculty of Business - No Department
Date Deposited: 11 Oct 2007 01:10
Last Modified: 02 Jul 2013 22:45
Uncontrolled Keywords: international portfolio equity investment, source and host country factors,trade
Fields of Research (FOR2008): 14 Economics > 1402 Applied Economics > 140207 Financial Economics
14 Economics > 1402 Applied Economics > 140210 International Economics and International Finance
URI: http://eprints.usq.edu.au/id/eprint/2618

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