UID:
edoccha_9958088663702883
Format:
1 online resource (60 p.)
ISBN:
1-4843-4211-9
,
1-4755-3517-1
Series Statement:
IMF Working Papers
Content:
Low-income countries (LIDCs) are typically characterized by intermittent and very modest access to private external funding sources. Motivated by recent developments in private flows to LIDCs this paper makes two contributions: First, it constructs a new comprehensive dataset on gross private capital flows with special focus on non-FDI flows in LIDCs. Concentrating on LIDCs and more specifically on gross non-FDI private flows is intentionally aimed at closing a gap in existing datasets where country coverage of developing economies is limited mainly to emerging markets (EMs). Second, using the new data, it identifies several shifting patterns of gross non-FDI private inflows to LIDCs. A surprising fact emerges: since the mid 2000's periods of surges in gross non-FDI private inflows in LIDCs are broadly comparable to those of EMs. Moreover, while gross non-FDI inflows to LIDCs are on average much lower than those to EMs, we show that the LIDC top quartile gross non-FDI inflow is comparable to the EM median inflow and converging to the EM top quartile inflow.
Note:
Description based upon print version of record.
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Cover Page; Title Page; Copyright Page; Contents; Appendices; Tables; Figures; I. Introduction; II. Construction of the Dataset; A. Data Sources; 1. Correlations between BOPS and WEO Inflow Series by Liability Type across Countries and Income Groups; B. Treatment of Missing Data; C. Gross non-FDI Private Capital Inflows; 2. Composition of Non-FDI Private Inflows to LIDCs (Percent of GDP, Average); III. Some Stylized Facts; A. Country Heterogeneity; B. Patterns and Trends in LIDCs; 3. Gross Private Inflows to LIDCs by Subgroups (Percent of GDP)
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4. Gross Non-FDI Private Inflows to Selected LIDCs (Percent of GDP)5. Non-FDI Private Inflows by Type to Benchmark LIDC Subgroup (Percent of GDP); 6. Other Investment Inflows by Type to Benchmark LIDC Subgroup (USD Bln); C. Comparing Flows in LIDCs and EMs; 7. Share of non-FDI Private Inflows to Private Inflows; 1. Correlation Between Non-FDI Private Inflows and Other Balance of Payments Components; 8. Inflows to LIDCs and EMs by Percentile (Percent of GDP); 9. Frequency of Non-FDI Private Capital Inflow Surges (Percent); 2. Surges in LIDCs; IV. Conclusion; A. The use of BPM6 and WEO data
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B. Comparison with BIS data10. Other Private Investments Inflows and BIS Loans (USD MM); 11. Other Private Investments Inflows and BIS Loans (USD MM); C. Comparison with FFA Dataset; 12. Comparison Between Extended LIDCs Database and FFA - non-FDI Private Inflows (Percent of GDP); D. Sample of Countries; E. Net Flows to Selected LIDCs; 13. Net Non-FDI Private Flows to Selected LIDCs (Percent of GDP); 14. Net Non-FDI Private Flows to Selected LIDCs (Percent of GDP); Footnotes
,
English
Additional Edition:
ISBN 1-4843-4108-2
Language:
English
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