Endogenous financial and trade openness

Review of Development Economics

Volumn 13, Issue 2, 2009, Pages 175-189

  Aizenman, Joshua ^a   Noy, Ilan ^b  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b UNIVERSITY OF HAWAII   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

CAPITAL; DECOMPOSITION ANALYSIS; EMPIRICAL ANALYSIS; ENDOGENOUS GROWTH; FINANCIAL SYSTEM; METHODOLOGY; TRADE;

EID: 65449125365     PISSN: 13636669     EISSN: 14679361     Source Type: Journal    
DOI: 10.1111/j.1467-9361.2008.00488.x     Document Type: Article

References (37)

1. Aizenman, J. and P. Guidotti, "Capital Controls, Collection Costs, and Domestic Public Debt," Journal of International Money and Finance (1994): 41-54.
2. Aizenman, J. and I. Noy, "Endogenous Financial and Trade Openness," NBER Working Paper 10496 (2004).
3. Aizenman, J. and I. Noy, "FDI and Trade-Two Way Linkages?" Quarterly Review of Economics and Finance 46 (2006): 317-37.
4. Alesina, A. and G. Tabellini, "External Debt, Capital Flight, and Political Risk," Journal of International Economics 27 (1989): 199-220.
5. Antràs, P. and R.J. Caballero, "Trade and Capital Flows: A Financial Frictions Perspective," mimeo, MIT (2007).
6. Bekaert, G., C.R. Harvey and C. Lundblad, "Does Financial Liberalization Spur Growth?" Journal of Financial Economics 77 (2005): 3-55.
7. Boyce, L. and J.K. Ndikumana, "Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries," World Development (2003): 107-30.
8. Calderón, C. and L. Liu, "The Direction of Causality between Financial Development and Economic Growth," Journal of Development Economics 72 (2003): 321-34.
9. Chinn, M. and H. Ito, "What Matters for Financial Development? Capital Controls, Institutions, and Interactions," Journal of Development Economics 81 (2006): 163-92.
10. Chong, A. and C. Calderón, "Causality and Feedback Between Institutional Measures and Economic Growth," Economics and Politics 12 (2000): 69-81.
11. Claessens, S. and D. Naudé, "Recent Estimates of Capital Flight," World Bank Policy Research Working Paper 1186 (1993).
12. Cukierman, A., S. Edwards, and G. Tabellini, "Seigniorage and Political Instability," American Economic Review 82 (1992): 537-55.
13. Dooley, M., "Capital Flight: A Response to Differences in Financial Risks," IMF Staff Papers 35 (3) (1988).
14. Dooley, M. and K. Kletzer, "Capital Flight, External Debt and Domestic Policies," Federal Reserve Bank of San Francisco Review 3 (1994): 24-38.
15. Dreher, A. and L. Siemers, "The Intriguing Nexus Between Corruption and Capital Account Restrictions," mimeo, University of Goettingen (2003).
16. Geweke, J., "Measurement of Linear Dependence and Feedback Between Multiple Time Series," Journal of the American Statistical Association 77 (1982): 304-13.
17. Geweke, J., "Measures of Conditional Linear Dependence and Feedback Between Time Series," Journal of the American Statistical Association 79 (1984): 907-15.
18. Giovannini, A. and M. de Melo, "Government Revenue from Financial Repression," American Economic Review 83 (1993): 953-63.
19. Granger, C., "Investigating Causal Relations by Econometric Models and Cross-spectral methods," Econometrica 37 (1969): 424-38.
20. Granger, C., "Some Recent Developments in a Concept of Causality," Journal of Econometrics 39 (1988): 199-212.
21. Helpman, E. and A. Razin, A Theory of International Trade Under Uncertainty, New York: Academic Press (1978).
22. Henry, P.B., "Capital Account Liberalization, the Cost of Capital, and Economic Growth," American Economic Review 93 (2003): 91-6.
23. Holmes, J. and P. Hutton, "A New Test of Money-Income Causality," Journal of Money, Credit and Banking 24 (1992): 338-55.
24. Hutchison, M. and I. Noy, "How Bad Are Twins? Output Costs of Currency and Banking Crises," Journal of Money, Credit and Banking 37 (2005): 725-52.
25. International Monetary Fund, Annual Report on Exchange Arrangements and Exchange Restrictions, Washington, DC (various years).
26. Johnson, B. and L. Soenen, "The US Stock Market and the International Value of the US Dollar," Journal of Economics and Business 56 (2004): 469-81.
27. Keefer, P., "DPI2000: Database of Political Institutions: Changes and Variable Definitions," mimeo, World Bank (2002).
28. Pierce, D., "Comment: Measurement of Linear Dependence and Feedback Between Multiple Time Series," Journal of the American Statistical Association 77 (1982): 315-16.
29. Political Risk Services, International Country Risk Guide, Syracuse, NY (various years).
30. Portes, R. and H. Rey, "The Determinants of Cross Border Equity Flows," MS, Princeton University (2003).
31. Prasad, E., K. Rogoff, S.-J. Wei, and A. Kose, "Effects of Financial Globalization on Developing Countries: Some Empirical Evidence," mimeo, IMF (2003).
32. Rodrik, D., "Who Needs Capital-Account Convertibility?" in P. Kenen (ed.), Should the IMF Pursue Capital Account Convertibility?, Essays in International Finance 207, Princeton: Princeton University Press ((1999).
33. Talvi, E. and C. Végh, "Tax Base Variability and Procyclical Fiscal Policy," NBER working paper 7499 (2000).
34. Tornell, A. and A. Velasco, "Tragedy of the Commons and Economic Growth: Why Does Capital Flow from Poor to Rich Countries?" Journal of Political Economy 100 (1992): 1208-31.
35. Wei, S.-J., "How Taxing is Corruption on International Investors?" The Review of Economics and Statistics 82 (2000): 1-11.
36. Wei, S.-J. and Y. Wu, "The Life-And-Death Implications of Globalization," mimeo, IMF (2002).
37. Zellner, Arnold, "Comment: Measurement of Linear Dependence and Feedback Between Multiple Time Series," Journal of the American Statistical Association 77 (1982): 313-314.