Add to ORKGIn the year that capital-poor countries open their stock markets to foreign investors, the growth rate of their typical firm’s capital stock exceeds its pre-liberalization mean by 4.1 percentage points. In each of the next three years the average growth rate of the capital stock for the 369 firms in the sample exceeds its pre-liberalization mean by 6.1 percentage points. However, there is no evidence that differences in the liberalization-induced changes in the cost of capital or investment opportunities drive the cross-sectional variation in the post-liberalization investment increases
In the early and mid-1990s, most economists and policymakers supported rapid capital account liberal...
In a sample of 686 investable firms from 26 emerging market countries, I show that equity market lib...
The aim of this paper is to determine the correlation between capital account liberalization and eco...
Three things happen when emerging economies open their stock markets to foreign investors. First, th...
Using a new dataset of 369 manufacturing firms in developing countries, we present the first firm-le...
In the three-year period following stock market liberalizations, the growth rate of the typical firm...
Evidence supporting the positive effects of capital account liberalization on growth is mixed at bes...
We confront the two opposing views of capital account liberalization in developing countries with a ...
We test whether capital account liberalization led to higher economic growth using de jure measures ...
Stock market liberalizations lead private investment booms. In a sample of 11 developing countries t...
In this paper, I test whether capital account liberalization will lead to higher economic growth by ...
This paper reviews and discusses issues involved in assessing the relationship between capital accou...
We show that equity market liberalizations, on average, lead to a one percent in-crease in annual re...
Literature findings on the relationship between capital account liberalization and economic growth a...
This paper evaluates empirically the impact of capital account open-ness on growth following alterna...
In the early and mid-1990s, most economists and policymakers supported rapid capital account liberal...
In a sample of 686 investable firms from 26 emerging market countries, I show that equity market lib...
The aim of this paper is to determine the correlation between capital account liberalization and eco...
Three things happen when emerging economies open their stock markets to foreign investors. First, th...
Using a new dataset of 369 manufacturing firms in developing countries, we present the first firm-le...
In the three-year period following stock market liberalizations, the growth rate of the typical firm...
Evidence supporting the positive effects of capital account liberalization on growth is mixed at bes...
We confront the two opposing views of capital account liberalization in developing countries with a ...
We test whether capital account liberalization led to higher economic growth using de jure measures ...
Stock market liberalizations lead private investment booms. In a sample of 11 developing countries t...
In this paper, I test whether capital account liberalization will lead to higher economic growth by ...
This paper reviews and discusses issues involved in assessing the relationship between capital accou...
We show that equity market liberalizations, on average, lead to a one percent in-crease in annual re...
Literature findings on the relationship between capital account liberalization and economic growth a...
This paper evaluates empirically the impact of capital account open-ness on growth following alterna...
In the early and mid-1990s, most economists and policymakers supported rapid capital account liberal...
In a sample of 686 investable firms from 26 emerging market countries, I show that equity market lib...
The aim of this paper is to determine the correlation between capital account liberalization and eco...