Bekaert, Geert; Harvey, Campbell R.; Lundblad, Christian; … - 2005
Integration, Finance and Growth, Financ-
ing Constraints, Capital Allocation, Capital Account Openness, Financial Liberalization … liberalization
on economic growth. If countries liberalize when growth opportunities are abundant, regressions
of future growth on a … liberalization indicator suffer from a severe endogeneity problem. Measures
of growth opportunities that use local price information …