TY  - BOOK
AU  - Bekaert,Geert
AU  - Harvey,Campbell R.
AU  - Lundblad,Christian
ED  - National Bureau of Economic Research.
TI  - Emerging Equity Markets and Economic Development
T2  - NBER working paper series
PY  - 2000///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - June 2000; Hardcopy version available to institutional subscribers
N2  - We provide an analysis of real economic growth prospects in emerging markets after financial liberalizations. In contrast with previous research, we identify the financial liberalization dates and examine the influence of liberalizations while controlling for a number of other macroeconomic and financial variables. Our work also introduces an econometric methodology that allows us to use extensive time-series as well as cross-sectional information for our tests. We find across a number of different specifications that financial liberalizations are associated with significant increases in real economic growth
UR  - https://www.nber.org/papers/w7763
UR  - http://dx.doi.org/10.3386/w7763
ER  -