Bekaert, Geert (contributor); … - 2004
Intensity). Given the high volatility of emerging market equity
returns, this measure may be less noisy. These results are … significance of the liberalization
coefficient. In the fourth part of this table, we consider a measure of liberalization intensity … convergence parameter. The literature often implicitly models Q
∗
i
as a linear
function of a number of structural variables such …