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Title Contagion and gravity : how contagion theory can be used to improve the gravity model for international capital flows
Author Baer, Dillon
Department Department of Economics and Business
Institution Colorado College
Degree Type bachelor
Degree Name Bachelor of Arts
Type of Resource text
Digital Origin reformatted digital
Date Accepted 2009
Date Digitized 2009
Abstract The gravity equation is one of the most empirically successful tools to model international capital flows. However, technological developments and globalization have brought into question the significance of the distance aspect of the model. Contagion theory offers an avenue for developing the gravity equation and capturing some of the lost effect of distance. Therefore, this study will show that contagion theory is an effective instrument to improve the gravity model. To do this, the study will utilize international capital flows between the United States and various emerging markets from Latin America and Asia. This study will also employ principle component analysis and a random effect model for regression analysis. The results suggest that contagion theory provides a valuable improvement over the existing gravity equation.
Keywords Gravity
Contagion theory
Capital flows
Rights Statement Copyright restrictions apply. Contact the author for permission to publish.
Extent vii, 54 p. : ill. ; 29 cm.
Note (thesis) Senior Thesis -- Colorado College
Note (bibliography) Bibliography : p. 53-54
Language eng
OCLC Identifier 429253316
Handle http://hdl.handle.net/10176/coccc:1322
 
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Created: Fri, 20 Nov 2009, 08:58:26 MST Detailed History