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Liberalização Da Conta De Capitais E Crescimento Econômico: Evidências De Dados Em Painel Para A América Latina


  • Aderbal Oliveira Damasceno


The aim of this paper is to carry out an empirical analysis about the relation between Liberalization of Capital Account and Economic Growth having as study object the experience of 16 countries of Latin America with annual data for the period 1986-2000. As econometrical methodology, a dynamic model of data in panel was used in agreement with original proposal from Arellano and Bond (1991). The econometrical calculations do not corroborate the hypothesis of that the liberalization of the Capital Account would stimulate the economic growth. The results suggest an adverse effect of the liberalization of the Capital Account on the real growth gross domestic product per capita of the countries.

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  • Aderbal Oliveira Damasceno, 2005. "Liberalização Da Conta De Capitais E Crescimento Econômico: Evidências De Dados Em Painel Para A América Latina," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33th Brazilian Economics Meeting] 074, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
  • Handle: RePEc:anp:en2005:074

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    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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