| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7384 |
| 来源ID | Working Paper 7384 |
| Capital Account Liberalization, Financial Depth and Economic Growth | |
| Michael W. Klein; Giovanni Olivei | |
| 发表日期 | 1999-10-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | We show a statistically significant and economically relevant effect of open capital accounts on financial deepness and economic growth in a cross-section of countries over the period 1986 to 1995. Countries with open capital accounts over some or all of this period had a significantly greater increase in financial depth than countries with continuing capital account restrictions, and they also enjoyed greater economic growth. There results, however, are largely driven by the developed countries in the sample. The observed failure of capital account liberalization to promote financial deepness among developing countries suggests potentially important policy implications concerning the desirability of liberalizing the capital account. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w7384 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564921 |
| 推荐引用方式 GB/T 7714 | Michael W. Klein,Giovanni Olivei. Capital Account Liberalization, Financial Depth and Economic Growth. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7384.pdf（135KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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