Liberalização da conta de capitais e crescimento econômico: evidências de dados em painel para a América Latina Capital account liberalization and economic growth: evidences from data in Latin-American panel
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Liberalização da conta de capitais e crescimento econômico: evidências de dados em painel para a América Latina Capital account liberalization and economic growth: evidences from data in Latin-American panel

Damasceno, Aderbal Oliveira;
brazilian journal of political economy 2008 Vol. 28 pp. 595-611
226
damasceno2008liberalizacobrazilian

Abstract

The aim of this paper is to carry out an empirical analysis about the relation between Capital Account Liberalization and Economic Growth having as object of study the experience of 16 countries of Latin America with annual data for the period 1986-2000. The econometrical calculations do not corroborate the hypothesis that the liberalization of 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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