The Real Effects of Capital Market Liberalization: Empirical Evidences from Emerging Economies and Implication to China
We provided an empirical analysis on the real effects of capital market liberalization on economic growth in emerging economies, and found that the openness associated with small but significant increase in macroeconomic growth through the transmission mechanism that permanently promoting the financial development level, and otherwise, potential and significant enhancement in fluctuation by the way that temporarily spurring private investment and consumption. That means, also to China’s capital market, liberalizations are compositely beneficial and complexly difficult.
Capital Market Liberalization Economic Growth Emerging Markets
方文全 沈坤荣
南京大学商学院,南京,210093
国际会议
昆明
英文
2005-07-05（万方平台首次上网日期，不代表论文的发表时间）