Weltwirtschaftliches Archiv

, Volume 132, Issue 3, pp 544–557

Unit root tests of capital mobility in the less developed countries

  • Alberto Bagnai
  • Stefano Manzocchi
Shorter Papers & Comments

DOI: 10.1007/BF02707512

Cite this article as:
Bagnai, A. & Manzocchi, S. Weltwirtschaftliches Archiv (1996) 132: 544. doi:10.1007/BF02707512


This article contributes to the ongoing debate on international capital mobility in the LDCs. The extent of capital mobility has been assessed in a time-series context, performing unit root tests on the adjusted current account for thirty-seven developing countries. The results show that the hypothesis of capital mobility cannot be rejected in a large number of countries.

Copyright information

© Institut fur Weltwirtschaft an der Universitat Kiel 1996

Authors and Affiliations

  • Alberto Bagnai
  • Stefano Manzocchi

There are no affiliations available

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