When Don’t Developing Countries Benefit from Capital Account Liberalization? The Role of Labor Market Institutions
نویسندگان
چکیده
منابع مشابه
Capital Account Liberalization
We examine the impact of capital account policies on FDI inflows. Using an annual panel dataset of 83 developing and developed countries for 1984-2000, we find that capital account openness is positively but only very moderately associated with the amount of FDI inflows after controlling for other macroeconomic and institutional measures. To a large extent, other country characteristics seem to...
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one of the most controversial aspects of financial markets is capital market liberalization of course not so liberalization under the rules of governmental severities. based on financial theories there are a number of reasons , that capital flows openness should lead to increases in economic growth. on the other hand most economists believe that the cost of openness outweigh the benefits , such...
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For three years after developing countries open their stock markets to inflows of foreign capital, the average annual 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 drives up the level of avera...
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This paper is about analyzing labor markets in developing countries, searching for both improved understanding and greater policy relevance. Following a five-part policy evaluation framework, the highlights of labor markets in developing countries are presented. Theoretical models with multiple sectors and segments and empirical analysis using different kinds of data are then reviewed. A brief ...
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Capital-account liberalization was once seen as an inevitable step along the path to economic development for poor countries. Liberalizing the capital account, it was said, would permit financial resources to flow from capitalabundant countries, where expected returns were low, to capital-scarce countries, where expected returns were high. The flow of resources into the liberalizing countries w...
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ژورنال
عنوان ژورنال: The Federal Reserve Bank of Kansas City Research Working Papers
سال: 2019
ISSN: 1936-5330
DOI: 10.18651/rwp2019-11