Table 5 Relationship between the domestic economic activity and capital exports and imports
(I) | (II) | (III) | (IV) | (V) | (VI) | (VII) | (VIII) | (IX) | |
|---|---|---|---|---|---|---|---|---|---|
CIF | COD | Net flows | CIF | COD | Net flows | CIF | COD | Net flows | |
Constant | − 0.230 (− 0.810) | 0.563* (1.891) | 0.333 (1.143) | − 0.157 (− 0.631) | 0.257 (0.955) | 0.101 (0.388) | 0.005 (0.025) | − 0.001 (− 0.006) | 0.004 (0.017) |
GDP (q-o-q) | 0.287 (0.983) | − 0.474 (− 1.494) | − 0.187 (− 0.610) | ||||||
GDP (y-o-y) | 0.118 (1.120) | − 0.289** (− 2.615) | − 0.171 (− 1.581) | ||||||
Output gap | 0.147 (1.235) | − 0.040 (− 0.305) | 0.106 (0.855) | ||||||
R2 | 0.022 | 0.107 | 0.042 | 0.017 | 0.038 | 0.007 | 0.026 | 0.002 | 0.013 |
No. of observations | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 | 59 |