TITLE

Capital Account Liberalization, Institutions and Economic Growth

AUTHOR(S)
Saidi, Hichem
PUB. DATE
March 2014
SOURCE
Journal of Business Studies Quarterly;Mar2014, Vol. 5 Issue 3, p69
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The objective of this paper is to rule on the contribution of the institutions in the explanation of the relation opening-growth. An examination of certain considerable work showed that a low institutional quality posts a deficit during the periods of liberalization. Empirically, we managed to validate this conclusion via the estimate a simultaneous equations model over the period 1983-2012 and a panel of the developed and developing countries. To secure against the risks of the process of capital account liberalization all the emerging countries must prepare adequate institutional devices before the phase of completion. In other words, an operational and favorable macroeconomic framework combined with a minimum of corruption and a strict application and severe of the law; represent the best ingredients of the success of opening policy. This is likely to increase the economic performances for the emerging countries.
ACCESSION #
95272037

 

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