报告题目：Financial Flows to Low-Income Countries: Trends, Pathways and Macroeconomic Impacts

报告人：Professor Sushanta Mallick

时   间： 12月15日（周一）下午2:30-4:30

地   点： av资源 创新港涵英楼8121会议室

报告人简介：

Sushanta Mallick is a Professor of International Finance at the School of Business and Management, Queen Mary University of London, UK. He serves as Managing Editor of Oxford Economic Papers, co-editor-in-Chief of Journal of Economic Surveys and co-editor of Economic Analysis and Policy. Prof Mallick holds a PhD in economics from the University of Warwick, UK, and has published over 100 peer-reviewed articles in leading academic journals. His research focuses on international economics, banking & finance, and innovation & development. According to the IDEAS/RePEc rankings, he is among the top 5% of economists globally. His work has received over 8,000 citations on Google Scholar, with an h-index of 53. His research has been featured in numerous high-impact journals such as: Journal of Econometrics, Journal of Corporate Finance, European Journal of Operational Research, Research Policy, Industrial Relations, British Journal of Management, British Journal of Industrial Relations, Economic Theory, Journal of Development Economics, Journal of Banking & Finance, Journal of Economic Behavior & Organization, Oxford Bulletin of Economics & Statistics, IMF Economic Review, Cambridge Journal of Economics, Journal of International Money and Finance, World Development, among others.

摘要：

This paper surveys the literature on financial flows to low-income developing countries (LIDCs), examining their characteristics, drivers, macroeconomic effects, and policy implications. Financial flows, including foreign direct investment, portfolio investment, official financing, and remittances, are vital for closing LIDCs’ large infrastructure and human-capital financing gaps, yet empirical patterns often diverge from neoclassical predictions of capital flowing from rich to poor economies, as illustrated by the Lucas paradox and past episodes of “uphill” flows. Explanations emphasize institutional weaknesses, sovereign and property-rights risk, limited absorptive capacity, and global safe-asset scarcity. The literature also shows that different flow types have distinct macroeconomic effects, requiring targeted policy responses. With rising geo-economic fragmentations, shifting donor priorities, high debt, tighter global financial conditions, and rapid technological change reshaping external finance, LIDCs face mounting challenges. Against this backdrop, the paper identifies key gaps in existing research and outlines priorities for future theoretical, empirical, and policy-oriented studies.