Bekaert, Geert (contributor); … - 2004
Does financial liberalization spur growth?
Geert Bekaert
a,d
, Campbell R. Harvey
b,d,∗
, Christian Lundblad
c
a …, on average, lead to a one percent increase in
annual real economic growth. The effect is robust to alternative … exogenous measure of growth opportunities is included in the regression. We find that
capital account liberalization also plays …