haku: @author Funke, N. / yhteensä: 4
viite: 1 / 4
« edellinen | seuraava »
| Tekijä: | Fuchs-Schündeln, N. Funke, N. |
| Otsikko: | Stock market liberalizations: financial and macroeconomic implications |
| Lehti: | Review of World Economics
2003 : VOL. 139:4, p. 730-761 |
| Asiasana: | Liberalization Regulations Stock markets |
| Kieli: | eng |
| Tiivistelmä: | New evidence on the effects of stock market liberalization on financial and macroeconomic development is presented in this article. A panel of 27 countries is used to associate liberalization with a short-term increase in real private investment growth of about 14 percentage points cumulatively in the four years following liberalization and a cumulative 4 percentage point increase in real GDP per capita growth. The benefits of liberalization are higher in countries that have improved their institutional framework prior to liberalization. |
« edellinen | seuraava »
SCIMA