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Table 5 Relationship between the domestic economic activity and capital exports and imports

From: Openness and productivity of the Swiss economy

  (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
  1. CIF gross capital inflows, COD gross capital outflows
  2. t statistics in parentheses. * and ** denote significance at the 10 and 5% level, respectively