The effect of Capital Market Liberalization on Economic Growth in Developing Countries | ||
| تحقیقات مالی | ||
| Article 2, Volume 11, Issue 28, February 2010 PDF (147.69 K) | ||
| Authors | ||
| Reza Tehrani; Mohammad Ezazi | ||
| Abstract | ||
| One of the most controversial aspects of financial markets is capital market Liberalization of course not so liberalization under the rules of governmental severities. Based on Financial Theories there are a number of reasons , that capital flows openness should lead to increases in economic growth. On the other hand most economists believe that the cost of openness outweigh the benefits , such conventional wisdom not withstanding empirical evidence of liberalization . A causal relation ship between capital market policy to economic growth turns out to be ambiguous at best . and in future , it should rely more on evidence and less on ideology | ||
| Keywords | ||
| capital market; Consumption Volatility; economic growth; Liberalization | ||
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