International investment patterns: evidence using a new dataset

Paper

Mishra, Anil V.. 2005. "International investment patterns: evidence using a new dataset." Valentine, Tom (ed.) 3rd Financial Markets Asia-Pacific Conference. Sydney, Australia 26 - 27 May 2005
Paper/Presentation Title

International investment patterns: evidence using a new dataset

Presentation TypePaper
Authors
AuthorMishra, Anil V.
EditorsValentine, Tom
Journal or Proceedings TitleProceedings of the Financial Markets Asia Pacific 2005 Conference
Number of Pages21
Year2005
ISBN1741080967
Conference/Event3rd Financial Markets Asia-Pacific Conference
Event Details
3rd Financial Markets Asia-Pacific Conference
Event Date
26 to end of 27 May 2005
Event Location
Sydney, Australia
Abstract

This paper examines the bilateral, source and host factors driving portfolio equity investment across countries, using International Monetary Fund’s new dataset on international equity holdings at the end of 1997, 2001 and 2002. This paper illustrates a model that links bilateral equity holdings to bilateral trade in goods and services.
This paper finds that the bilateral equity investment is strongly correlated with the underlying patterns of trade in goods and services. The size of domestic stock market is the key correlate of aggregate foreign portfolio equity asset and liability holdings. The scale of aggregate foreign equity asset holdings is larger for countries having more per capita income.

Keywordsinternational portfolio equity investment, source and host country factors,trade
ANZSRC Field of Research 2020380107. Financial economics
380110. International economics
Public Notes

No indication of copyright restrictions.

Byline AffiliationsUniversity of Western Sydney
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