DOIONLINE 
DOIONLINE Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
 Journal Home Volume Issue |
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Issue |
Volume-4,Issue-3 ( Mar, 2018 ) | |||||||||
Paper Title |
The Impact of Sudden Stops in Capital Flows on Output: Selected Emerging Markets | |||||||||
Author Name |
Noha Emara, Congcong Ni, Ya Gao | |||||||||
Affilition |
Assistant Professor Economics Department, Rutgers University 313 North Fifth Street Camden, NJ USA 08102 (201) 920 4510 School of International and Public Affairs, Columbia University 420 W 118th Street New York, NY USA 10027 | |||||||||
Pages |
24-29 | |||||||||
Abstract |
We evaluate how vulnerable the emerging markets are tosudden stops, that is, capital inflow reversals, using panel data for 12 emerging economies for the period 1976-2002 that experienced such reversals. We investigate the impact ofsudden stops on the macroeconomic indicators of economic growth by employing the Generalized Method of Moments (GMM) estimation methodology. A robustness check is performedusing regional groups and introducing additional control variables. We find that sudden stops have lagging, negative, and robust effect on output. Keywords - Sudden Stops; Emerging Markets, Financial Crisis, Output, Capital Inflow | |||||||||
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