• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site
Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Maksim Marakulin
Capital Outflows and Welfare in Developing Countries
Bachelor’s programme
2014
The present study models capital outflow as an outcome of game interactions of powerful groups in a country. As a result, capital outflow is characterized as a function of three variables: profitability of an economy, quality of institutions and the extent of political competition. The outflow is positively depended from profitability of an economy and negatively from institutions quality. The influence of political competition is ambiguous. In a country with bad institutions political competition leads to capital outflow, but in a country with good institutions it leads to larger capital inflows. Further, the paper has an empirical supplement, which partly demonstrates the fairness of theoretical model deductions for a sample of 87 developing countries.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses