Capital Account Liberalization, The Cost of Capital, and Economic Growth
收藏NBER2003-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9488
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Three things happen when emerging economies open their stock markets to foreign investors. First, the aggregate dividend yield falls by 240 basis points. Second, the growth rate of the capital stock increases by an average of 1.1 percentage points per year. Third, the growth rate of output per
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美国国家经济研究局创建时间：
2003-02-01
