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|c 5.00 USD
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|z 9781451859812
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|a 1018-5941
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|a Funke, Norbert.
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|a Stock Market Liberalizations :
|b Financial and Macroeconomic Implications /
|c Norbert Funke, Nicola Fuchs-Schundeln.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2001.
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|a 1 online resource (40 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Using a panel of 27 countries, we analyze the effects of stock market liberalization on financial and macroeconomic development. We find that liberalization is associated with a short-term increase in real private investment growth of about 14 percentage points cumulatively in the four years following liberalization and a cumulative 4 percentage point increase in real GDP per capita growth. Growth tends to be higher if institutional reforms precede liberalization. In contrast to other studies, we also find evidence for a permanent growth effect of about 0.4 percent a year in an extended sample of 72 countries.
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|a Mode of access: Internet
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|a Fuchs-Schundeln, Nicola.
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|a IMF Working Papers; Working Paper ;
|v No. 2001/193
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2001/193/001.2001.issue-193-en.xml
|z IMF e-Library
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