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Author:Bekaert, G.
Cambell, R.H.
Title:Does financial liberalization spur growth?
Journal:Journal of Financial Economics
2005 : JULY, VOL. 77:1, p. 3-55
Index terms:Stock markets
Finance
Liberalization
Language:eng
Abstract:This article shows that, on average, equity market liberalizations lead to a 1% increase in annual real economic growth. The writers also find that capital account liberalization also plays a role in future economic growth, but, importantly, it does not subsume the contribution of equity market liberalizations.
SCIMA record nr: 258083
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