Arteta, Carlos; Eichengreen, Barry; Wyplosz, Charles - C.E.P.R. Discussion Papers - 2001
In this Paper we reconsider the evidence on capital account liberalization and growth. While we find indications of a … positive association, the effects vary with time, with how capital account liberalization is measured, and with how the … relationship is estimated. The evidence that the effects of capital account liberalization are stronger in high-income countries is …