International investment patterns

• 成果类型: Article
• 署名作者: Lane, Philip R.; Milesi-Ferretti, Glan Maria
• 署名单位: International Monetary Fund
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest.90.3.538
• 发表日期: 2008-08
• 页码: 538-549
• 关键词: trade; integration; geography; matters

摘要

We provide a systematic analysis of the bilateral factors driving portfolio equity holdings across countries. We find that bilateral equity holdings are strongly correlated with bilateral trade in goods and services. Larger bilateral positions are also associated with proxies for informational proximity.