Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w9100 |
来源ID | Working Paper 9100 |
Capital Account Liberalization and Economic Performance: Survey and Synthesis | |
Hali J. Edison; Michael W. Klein; Luca Ricci; Torsten Sloek | |
发表日期 | 2002-08-08 |
出版年 | 2002 |
语种 | 英语 |
摘要 | This paper reviews the literature on the effects of capital account liberalization and stock market liberalization on economic growth. The various empirical measures used to gauge the presence of controls on capital account transactions as well as indicators of stock market liberalization are discussed. We compare detailed measures of capital account controls that attempt to capture the intensity of enforcement with others that simply capture whether or not controls are present. Our review of the literature shows the contrasting results that have been obtained. These differences may reflect differences in country coverage, sample periods and indicators of liberalization. In order to reconcile these differences, we present new estimates of the effects on growth of capital account liberalization and stock market liberalization. We find some support for a positive effect of capital account liberalization on growth, especially for developing countries. |
主题 | International Economics ; International Finance |
URL | https://www.nber.org/papers/w9100 |
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/566711 |
推荐引用方式 GB/T 7714 | Hali J. Edison,Michael W. Klein,Luca Ricci,et al. Capital Account Liberalization and Economic Performance: Survey and Synthesis. 2002. |
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 | ||
w9100.pdf(381KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。