Capelle, Damien; Pellegrino, Bruno - 2023
introduce, estimate and validate new country-level measures of inward and outward Revealed Capital Account Openness (RKO … the pace of capital account liberalization, with richer countries liberalizing much faster than poorer ones. We call this … capital allocation, a 2.8% lower world GDP, a 12% rise in the cross-country dispersion of GDP per capita, lower wages in …