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International Financial Flows and Economic Growth
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International Financial Flows and Economic Growth

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074).

Deadline for manuscript submissions: closed (31 December 2024) | Viewed by 846

Special Issue Editors

Prof. Dr. E. M. Ekanayake

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Guest Editor
College of Business and Entrepreneurship, Bethune-Cookman University, Daytona Beach, FL 32114, USA
Interests: international finance; foreign direct investment; economics and finance; tourism economics; regional integration; international trade; exchange rate volatility
Special Issues, Collections and Topics in MDPI journals
Prof. Dr. Ranjini Thaver

E-Mail Website
Guest Editor
Department of Economics, Stetson University, 421 North Woodland Blvd., DeLand, FL 32723, USA
Interests: poverty; microfinance; microcredit; local economic development; international trade and finance; entrepreneurship; personal finance and money smart; small business; development and planning; service learning; community based research
Prof. Dr. Ramona Rupeika-Apoga

E-Mail Website
Guest Editor
Faculty of Business, Management and Economics, University of Latvia, LV-1586 Riga, Latvia
Interests: FinTech; alternative financing; international finance; banking
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

International financial flows such as foreign direct investment, workers’ remittances, and Official Development Assistance (ODA) play a significant role in developing countries. Since the COVID-19 pandemic adversely affected the economies of most countries, such international financial flows have become increasingly important for developing ones given their fragile institutions and financial constraints. For this Special Issue of Journal of Risk and Financial Management, we welcome submissions on any topic related to international financial flows and economic growth. Our purpose is to collect high-quality recent research on different problems related to international financial flows, including research pertaining to, but not limited to, foreign direct investment, remittances, official development assistance or foreign aid, and economic growth.

This Special Issue welcomes conceptual papers (of around 3000 words), as well as full-length articles on various topics that pertain to international trade and finance. Both empirical and theoretical papers will be considered.

Prof. Dr. E. M. Ekanayake
Prof. Dr. Ranjini Thaver
Prof. Dr. Ramona Rupeika-Apoga
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • foreign direct investment
  • foreign portfolio investment
  • remittances
  • foreign aid
  • international finance
  • economic growth
  • economic development.

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Published Papers (1 paper)

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Research

22 pages, 1708 KiB  
Article
Economic and Sectoral Convergence in Latin America and the Caribbean: An Analysis of Beta, Sigma, and Gamma Convergence
by César Lenin Navarro-Chávez
J. Risk Financial Manag. 2025, 18(2), 61; https://doi.org/10.3390/jrfm18020061 - 29 Jan 2025
Viewed by 396
Abstract
The purpose of this study is to examine the economic and sectoral convergence of 32 countries in Latin America and the Caribbean (LAC) region from 1980 to 2022. The economic convergence hypothesis suggests that two economies with similar structural characteristics but different per [...] Read more.
The purpose of this study is to examine the economic and sectoral convergence of 32 countries in Latin America and the Caribbean (LAC) region from 1980 to 2022. The economic convergence hypothesis suggests that two economies with similar structural characteristics but different per capita income levels can tend to equalize in terms of income level in the long run. Confirming economic convergence has led to the development of various methodologies, among which dynamic and static disparity measures stand out. To achieve the objective of this research, both types of measures were calculated, determining beta and sigma convergence for dynamic disparity and gamma convergence for static disparity. This was accomplished by adopting the methodological approaches proposed by Sala-I-Martin and Marchante, Ortega, and Sánchez. The results show a gradual but steady evolution towards economic and sectoral convergence in LAC region during the 1980–2022 period. However, inequalities and divergences persist, requiring less developed countries to strengthen their institutions, implement sound macroeconomic policies, and diversify their economies. These measures are essential to driving economic growth and fostering more balanced and sustainable development across the region. Full article
(This article belongs to the Special Issue International Financial Flows and Economic Growth)
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