growth as it “opens up” is contingent upon its own peculiarities …

reduce macroeconomic volatility. The link between macroeconomic volatility and capital account openness in the Greek economy …. There is no strong evidence for a stable relation between macroeconomic volatility and variables of financial openness. Thus …, seem to be related to macroeconomic growth volatility in the Greek economy. …

This paper discusses the channels between openness and productivity and trade hampering factors. The stylized facts …

) or sma-ller ones (efficiency hypothesis). However, most of the research has been focused mainly on trade openness, which … to the relationship between financial openness and some key economic variables (the size of the public sector …-wealth ratio, lower growth, higher welfare, and a higher size of the public sector than in a closed economy due to the risk …

then engages in a numerical, somewhat speculative, exercise to assess the long-run growth potential ofthe transition …

This paper analyzes the growth and stabilization experience in 26 transition economies in eastern Europe, the former … an inflation stabilization program. Growth resumes after stabilization occurs, typically with a lag of about two years …. Reducing inflation thus appears to be a precondition for growth. An econometric analysis of the short-run determinants of …

This paper aims at uncovering the different channels through which de facto financial openness affects economic growth … and its components. The results herein indicate that de facto measures of financial openness (as proxied by different … types of capital inflows) stimulate economic growth. In particular, the results indicate that higher levels of FDI inflows …

existence of generally expected positive relationship between macroeconomic volatility and economic growth, common trends of …Macroeconomic instability is usually associated with increased short-term volatility in key fundamental variables. The … recent literature that empirically examines implications of the macroeconomic volatility provides strong evidence of its …

was due in large part to macroeconomic volatility that depressed private investment and growth. Using cross-sectional data … for 87 countries, we show that real per-capita growth over the period 1980–1994 was a function of productivity growth and … investment rates, both of which were negatively effected by volatility (in terms of trade, real exchange rate, and public …