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Based on a survey of 54 published articles, we undertake a meta-analysis of 906 estimates of the effects of financial liberalization on economic growth. We conclude that the literature contains statistically significant evidence of a positive effect of financial liberalization on economic...
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Executive summary -- 1. China in the realm of the world economy / David Daokui Li -- 2. Interpretation of China …'s economic comeback / Youngrok Cheong -- 3. Reflections on 10 years of financial reform in China / Ping Xie -- 4. higher … education reform in China: market orientation and institutional response / Jun Zhang -- 5. The structure of trade between China …
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Using a novel database of domestic financial reforms in 90 countries from 1973 to 2014, we document that global financial liberalization followed an S-curve path: reforms were slow and gradual in early periods, accelerated during the 1990s, and slowed down after 2000. We estimate a learning...
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