01642cas a2200241 a 4500 AALejournalIMF008062 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844276 1018-5941 BD-DhAAL BD-DhAAL Greene, Joshua. The Output Decline in Asian Crisis Countries : Investment Aspects / Joshua Greene. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines whether capital outflows may have contributed to output declines during the Asian Crisis by reducing the financing available for domestic investment. Panel data regressions suggest a positive, short-term relationship between net capital inflows and investment during the period before 1997 in five Asian countries once real net capital flows are netted out from real flows of private bank credit. In addition, net real private inflows and real private investment appear to have been cointegrated in at least three of these countries, suggesting a long-term relationship as well. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/025 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/025/001.2002.issue-025-en.xml IMF e-Library