Levchenko, Andrei A.; Rancière, Romain; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2008
This paper analyzes the effects of financial liberalization on growth and volatility at the industry level in a large sample of countries. We estimate the impact of liberalization on production, employment, firm entry, capital accumulation, and productivity, using both de facto and de jure...