منابع مشابه
Trade openness, capital openness and government size
This paper provides empirical evidence of the relation between trade openness, capital openness and government expenditures in a cross-sectional time-series context. It is shown that capital openness is significantly and negatively related to government expenditures in line with the conventional wisdom that capital mobility may undermine the ability of governments to maintain larger public sect...
متن کاملFinancial Openness and Productivity
Financial openness is often associated with higher rates of economic growth. We show that the impact of openness on factor productivity growth is more important than the effect on capital growth. This explains why the growth effects of liberalization appear to be largely permanent, not temporary. We attribute these permanent liberalization effects to the role financial openness plays in stock m...
متن کاملEmerging Markets Financial Openness and Financial Development
We examine the effect of financial openness on the development of financial systems in a panel of 35 emerging markets during the period of 1976 to 2003. A group of indicators including variables from banking sector, stock market, and national capital accounts are used as measures of financial openness and financial development. In addition, aggregate index measures are developed to incorporate ...
متن کاملFinancial Development , Endogenous Dependence on External Financing , and Trade ∗
The influential papers on the effect of credit constraints on growth and international trade (Rajan and Zingales, 1998; Manova, 2013) tend to assume that asset tangibility and the share of external borrowing are exogenous industry characteristics, which are timeand country-invariant. In the finance literature, however, the share of external borrowing is viewed as endogenous and dependent on the...
متن کاملTrade Openness and Antitrust Law*
Abstract. Openness to international trade and adopting stringent antitrust laws are both ways that countries can curb anticompetitive behavior. But scholars have long debated the relationship between these two tools. Some have argued that greater trade openness makes antitrust unnecessary, while others have argued that antitrust laws are still needed to realize the benefits of trade liberalizat...
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ژورنال
عنوان ژورنال: Review of Development Economics
سال: 2009
ISSN: 1363-6669,1467-9361
DOI: 10.1111/j.1467-9361.2008.00488.x