Weltwirtschaftliches Archiv

, Volume 132, Issue 3, pp 544–557 | Cite as

Unit root tests of capital mobility in the less developed countries

  • Alberto Bagnai
  • Stefano Manzocchi
Shorter Papers & Comments


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.


Unit Root Current Account Unit Root Test Capital Mobility Deterministic Component 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© Institut fur Weltwirtschaft an der Universitat Kiel 1996

Authors and Affiliations

  • Alberto Bagnai
  • Stefano Manzocchi

There are no affiliations available

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