Quinn, Dennis P.; Toyoda, A. Maria - In: Review of Financial Studies 21 (2008) 3, pp. 1403-1449
We test whether capital account liberalization led to higher economic growth using de jure measures of capital account and financial current account openness for 94 nations, from 1950 (or independence) onward. We argue that measurement error, differing time periods used, and collinearity among...
