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When Does Capital Account Liberalization Help More than It Hurts?

Arteta, Carlos - 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...

Persistent link: https://www.econbiz.de/10012470268

Trade versus Investment Liberalization

Markusen, James R. - 1997

Despite several theoretical contributions and considerable informal empirical evidence" to the contrary, a notion that trade and investment are substitutes persists in trade policy" analysis. This paper considers the liberalization of commodity trade versus liberalization" allowing direct...

Persistent link: https://www.econbiz.de/10012472580

Sequencing of Reforms, Financial Globalization, and Macroeconomic Vulnerability

Edwards, Sebastian - 2008

I use a large cross country data set and panel probit analysis to investigate the way in which the interaction between trade and financial openness affect the probability of external crises. This analysis is related to debate on the adequate sequencing of reform. I also investigate the role...

Persistent link: https://www.econbiz.de/10012464263

Globalization and Inflation-Output Tradeoffs

Razin, Assaf - 2005

implication of the theory is that globalization forces could induce monetary authorities, to put a greater emphasis on reducing …

Persistent link: https://www.econbiz.de/10012467036

Multi-product Firms and Product Turnover in the Developing World : Evidence from India

Goldberg, Pinelopi K. - 2008

Recent theoretical work predicts that an important margin of adjustment to deregulation or trade reforms is the … detailed firm-level data from India, we provide the first evidence on the patterns of multi-product firm production in a large …-section, multi-product firms in India look remarkably similar to their U.S. counterparts, confirming the predictions of recent …

Persistent link: https://www.econbiz.de/10012464518

Some New Perspectives on India's Approach to Capital Account Liberalization

Prasad, Eswar S. - 2009

financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has …In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on … the key challenge now facing India's policymakers on this front …

Persistent link: https://www.econbiz.de/10012463989

Learning Versus Stealing : How Important are Market-Share Reallocations to India's Productivity Growth?

Harrison, Ann E. - 2011

, firm-level data from India's organized manufacturing sector to show that market-share reallocations did play an important … role in aggregate productivity gains immediately following the start of India's trade reforms in 1991. However, aggregate … attributed to India's trade liberalization and FDI reforms. Finally, we construct a panel dataset that allows us to track firms …

Persistent link: https://www.econbiz.de/10012461925

Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries : 11 Years Later

Godoy, Sergio - 2006

This paper examines alternative hypotheses concerning the determinants of success in the transition from Communism to the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more important in explaining the growth of the transition...

Persistent link: https://www.econbiz.de/10012466679

What Matters for Financial Development? Capital Controls, Institutions, and Interactions

Chinn, Menzie D. - 2005

We extend our earlier work, focusing on the links between capital account liberalization, legal and institutional development, and financial development, especially that in equity markets. In a panel data analysis encompassing 108 countries and twenty years ranging from 1980 to 2000, we explore...

Persistent link: https://www.econbiz.de/10012467313

Capital Account Liberalization, Institutional Quality and Economic Growth : Theory and Evidence

Klein, Michael W. - 2005

This paper shows that the effect of capital account liberalization on growth depends upon the environment in which that policy occurs. A theoretical model demonstrates the possibility of an inverted-U shaped relationship between the responsiveness of growth to capital account liberalization and...

Persistent link: https://www.econbiz.de/10012467573

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