Obiekt

Tytuł: Portfolio investment flows and the Lucas paradox – an evidence from the global economy in the 21 st century

Tytuł odmienny:

Economics of the 21st Century

Autor:

Broszkiewicz, Magdalena

Opis:

Ekonomia XXI Wieku = Economics of the 21st Century, 2017, Nr 3 (15), s. 91-105

Abstrakt:

The aim of this article is to examine the flow of portfolio investment in the 21st century in the further use of the Lucas paradox observed in the world economy in the twentieth century. Portfolio investments are perceived in the literature and empirical research as less significant, while both their size and importance to the development of capital markets are usually only indicated. Data for the study were obtained from the balance of payments of individual countries and groups of countries, as well as data on the size and level of development of capital markets in these groups. The course of this research confirmed the importance of the flow of capital in the form of portfolio investments in the global economy. This has shown the further occurrence of the Lucas paradox, also in portfolio investment. It shows the weakness of the capital markets of LDCs in conjunction with the insufficient inflow of portfolio investments. The originality of the article lies in the combination of portfolio investments and determinants of the attractiveness of individual capital markets for investors in international financial markets. The small inflow of portfolio investments is both the cause and the consequence of the insufficient level of development of capital markets in the least developed countries (LDC). Hence the need to make a diagnosis and to build paths of development of such markets based on the experience of more developed countries, in order to adapt them to attract and retain capital in the form of portfolio investments

Wydawca:

Uniwersytet Ekonomiczny we Wrocławiu

Miejsce wydania:

Wrocław

Data wydania:

2017

Typ zasobu:

artykuł

Identyfikator zasobu:

doi:10.15611/e21.2017.3.06 ; oai:dbc.wroc.pl:38946

Język:

eng

Powiązania:

Ekonomia XXI Wieku = Economics of the 21st Century, 2017, Nr 3 (15)

Prawa dostępu:

Dla wszystkich zgodnie z licencją

Licencja:

CC BY-NC-ND 3.0 PL

Lokalizacja oryginału:

Uniwersytet Ekonomiczny we Wrocławiu

Kolekcje, do których przypisany jest obiekt:

Data ostatniej modyfikacji:

2019-10-16

Data dodania obiektu:

2017-12-18

Liczba wyświetleń treści obiektu:

121

Liczba wyświetleń treści obiektu w formacie PDF

112

Wszystkie dostępne wersje tego obiektu:

https://dbc.wroc.pl/publication/43264

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