Liberalização Da Conta De Capitais E Crescimento Econômico: Evidências De Dados Em Painel Para A América Latina
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.
|Date of creation:||2005|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 55 21 2709 7154
Web page: http://www.anpec.org.br
More information through EDIRC
|Order Information:|| Postal: Secretaria da ANPEC Rua Tiradentes, 17 - Ingá Niterói, RJ 24210-510 Brazil|
When requesting a correction, please mention this item's handle: RePEc:anp:en2005:074. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hugo E. A. da Gama Cerqueira)
If references are entirely missing, you can add them using this form.