; capital account liberalization ; growth ; threshold conditions ; financial development ; institutions ; macroeconomic policies … for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …

for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …

China in the coming years. China had been a prime example of export-led growth, benefiting from learning by doing, and by … adopting foreign know-how, supported by a complex industrial policy. While the resultant growth has been spectacular, it comes … with hidden but growing costs and distortions. The Chinese export-led growth path has been challenged by its own success …

growth rate of the real wage in the manufacturing sector increases by a factor of seven. No such increase occurs in a control … group of developing countries that do not liberalize. The temporary increase in the growth rate of the real wage permanently … more than a quarter of their annual pre-liberalization salary. The increase in the growth rate of labor productivity in the …

’s predictions. A key implication of the model is that TFP is a poor proxy for consumption growth after trade liberalisation. …

markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital …