Does Capital Account Liberalization Lead To Growth

By Dennis P. Quinn, A. Toyoda. 2008

469 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/f6810a86d6067561617e76c731c7dec200c297ce

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Citations in the corpus

The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data (2018, background): “As discussed in Quinn and Toyoda (2008), current and capital account liberalization have proceeded in parallel.”
Equity market liberalization and corporate governance (2010, unknown): “The evidence on aggregate investment and economic growth around the time of equity market liberalization is reported in Henry (2000b), Bekaert et al. (2001, 2005), Gupta and Yuan (2009), and Quinn and Toyoda (2008).”
Assessing Measures of Financial Openness and Integration (2011, methodology): “Especially EQUITY (Bekaert, Harvey, and Lundblad, 2005) and CAPITAL (Quinn, 1997; Quinn and Toyoda, 2008) have produced robust support for a positive (causal) link from financial liberalization to increased growth, while studies based on TOTAL, IMF_BINARY, or SHARE have found weaker support (see…”
Political risk spreads (2014, unknown): “These include: the log of GDP per capita, the distance from the United States, the secondary school ratio (total enrollment divided by total age group population), a measure of capital account openness from Quinn and Toyoda (2008) and the country’s (EMBI) sovereign spread.”
The External Balance Assessment (EBA) Methodology (2013, methodology): “For background on these data, see Quinn (1997) and Quinn and Toyoda (2008).”
Tracking Global Demand for Emerging Market Sovereign Debt (2014, unknown): “However, the FIPI does not closely match measures of capital account openness, such as those constructed by Quinn and Toyoda (2008), suggesting that it is not only driven by capital account measures.”
Financial Openness and Productivity (2009, methodology): “First, Quinn and Toyoda (2008) show that the “weak effects” are largely driven by measurement error in the financial openness variable used in these studies.”
A Tie That Binds: Revisiting the Trilemma in Emerging Market Economies (2017, unknown): “…open economies, we include in the estimations at least partially open countries, defined as those where capital account openness, measured by the Quinn and Toyoda (2008) index, is above the 25th percentile for the sample).18 While equation (1) gives us an estimate of the effect of the VXO,…”
Inflation in Emerging and Developing Economies: Evolution, Drivers, and Policies (2018, background): “cap100_new De jure financial openness (QuinnToyoda Index) Index; 0=least open; 100=most open 122 From 1970 Quinn and Toyoda (2008)”
The distributional effects of capital account liberalization (2018, methodology): “While alternative de jure measures of capital account openness have been proposed in the literature (e.g. Quinn, 1997; Quinn and Toyoda, 2008), the Chinn and Ito index (Kaopen) provides the largest country and time period coverage.6 The index measures a country's degree of capital account openness…”
Capital account liberalization and income inequality (2016, background): “This measure is considered as the most useful de facto measure of a country’s exposure to international ﬁnance (Quinn and Toyoda, 2008). with an increase in inequality.”