International capital flows database
from "Sovereigns, Upstream Capital Flows, and Global Imbalances" by Alfaro, Kalemli-Ozcan & Volosovych
This website contains the database on measures of net private and public capital flows for a large cross-section of developing countries, considering both creditor and debtor side of the international debt transactions. Net private capital flows include net flows of foreign direct investment (FDI), portfolio equity investment, and private debt. For private debt we consider both private sector's borrowing on net and also debt investment by foreign private investors. Net public capital flows include, among other things, grants, concessional aid, or any government-guaranteed debt, where reserves is netted out.
1. The cross-sectional data was first introduced in the paper 
Alfaro, Laura, Sebnem Kalemli-Ozcan and Vadym Volosovych (2014). Sovereigns, Upstream Capital Flows and Global Imbalances. Journal of European Economic Association, 2014, vol. 12, iss. 5, 1240-1284.
When using the data from this website please cite this paper. Follow the link "AKV(2014)" on the left to download the raw data and the Stata codes generating both cross-sectional and panel data from that paper and the Online Appendix with more details on the data and variable calculations and some robustness checks.
2. UPDATE (DD 15 November 2016)! The annual panel dataset of net private and public capital flows over 1970s - 2015 following the methods of Alfaro, Kalemli-Ozcan and Volosovych (2014) can be downloaded by following the link "Panel Data" on the left. In using these data,  the appropriate reference is "the updated and extended version of dataset of net private and public capital flows constructed by Alfaro, Kalemli-Ozcan and Volosovych (2014)" with citation of the above paper.
 The number of debtor and creditor countries and growth, all developing countries, 1970-2015
 The number of debtor and creditor countries, high (above average)-growth developing countries, 1970-2015
 The number of debtor and creditor countries, low (below average)-growth developing countries, 1970-2015
Please email us at with questions and comments.

Sincerely yours,
Laura Alfaro, Sebnem Kalemli-Ozcan, Vadym Volosovych.
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