## Capital Account Liberalization and Economic Performance: Survey and Synthesis

_IMF Working Papers, July 1, 2002_

## Source details

**Canonical URL:** [Capital Account Liberalization and Economic Performance: Survey and Synthesis](https://www.imf.org/en/publications/wp/issues/2016/12/30/capital-account-liberalization-and-economic-performance-survey-and-synthesis-15912)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/30/capital-account-liberalization-and-economic-performance-survey-and-synthesis-15912/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/30/capital-account-liberalization-and-economic-performance-survey-and-synthesis-15912/index.json)
- [Bundle manifest](/en/publications/wp/issues/2016/12/30/capital-account-liberalization-and-economic-performance-survey-and-synthesis-15912/bundle-manifest.json)

## Bibliographic details
- Authors: Torsten M Sloek, Michael W Klein, Luca A Ricci, Hali J Edison
- Published: July 1, 2002
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451854282.001

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### Overview
- Paper reviews and discusses issues involved in assessing the relationship between capital account liberalization and economic performance.
- Three core components:
  - Discussion of the different measures of restrictions used in the literature.
  - Review of the literature on the relationship between growth and capital account liberalization.
  - Identification and explanation of differences in results across studies and provision of some support for a positive effect of capital account liberalization on growth, especially for developing countries.

### Key findings and conclusions
- The paper provides a survey of measures used to quantify capital account restrictions and openness.
- The literature review synthesizes evidence on the relationship between capital account liberalization and economic growth.
- The authors identify sources of heterogeneity across empirical studies that help explain differing results.
- The paper offers some support for a positive effect of capital account liberalization on growth, with emphasis on effects for developing countries.

### Subjects and keywords
- Subject: Capital account, Capital account liberalization, Capital controls, Capital flows, Stock markets
- Keywords: capital account control account, capital account openness, OECD country, WP

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## Content in this bundle

- **Capital Account Liberalization and Economic Performance: Survey and Syntesis - WP/02/120**
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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/30/capital-account-liberalization-and-economic-performance-survey-and-synthesis-15912_