Capital Account Liberalization and Economic Performance: Survey and Synthesis
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Summary:
This paper reviews and discusses issues involved in assessing the relationship between capital account liberalization and economic performance. First, it discusses the different measures of restrictions used in the literature. Second, it reviews the literature on the relationship between growth and capital account liberalization. Finally, it identifies and explains some of the differences in the results of the various studies and provides some support for a positive effect of capital account liberalization on growth, especially for developing countries.
Series:
Working Paper No. 2002/120
Subject:
Capital account Capital account liberalization Capital controls Capital flows Stock markets
Frequency:
Quarterly
English
Publication Date:
July 1, 2002
ISBN/ISSN:
9781451854282/1018-5941
Stock No:
WPIEA1202002
Pages:
39
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