Bergin, Paul R.; Choi, Woo Jin; Pyun, Ju Hyun - National Bureau of Economic Research - 2023
promote economic growth, when combined with a policy of reserve accumulation. Using panel data from 45 countries from 1985 …While substantial empirical research has evaluated the question of whether capital account openness promotes economic … growth, this paper finds empirical evidence for cases where the opposite is true--that a policy of capital controls can …