Reassessing the role of distance on cross-border equity flows: does distance still matter?.
Portes and Rey (2005) employ a gravity model to analyze bilateral crossborder equity flows and find that increase in the distance of 1% lowers bilateral crossborder equity flows between 0.66% and 0.88%. Applying the Poisson pseudomaximum likelihood (PPML) estimators reveals that although distance w...
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| Format: | Article |
| Language: | English |
| Published: |
2015
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| Online Access: | https://repository.li.mahidol.ac.th/handle/123456789/47995 |
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| Institution: | Mahidol University |
| Language: | English |