PL EN


2005 | 53 | 8 | 834-848
Article title

GROWTH, TRADED GOODS AND EXTERNAL DEBT BEFORE AND AFTER CAPITAL ACCOUNT LIBERALIZATION: CASE OF TURKEY

Title variants
Languages of publication
EN
Abstracts
EN
Most of the past empirical work has failed to detect any kind of strong positive relationship between capital account liberalization and economic growth, in contrast to what standard theory had predicted. Some researchers have argued that the increased frequency of financial crisis and the resulting macroeconomic instability is the main cost of capital account liberalization which may partly (or more than partly) offset its beneficial growth enhancing effects. In this paper, based on Turkish experience, we offer two additional mechanisms through which increased net capital inflows might exert negative impact on economic growth even when the years of deep financial crisis caused by capital reversals are not taken into account.
Contributors
  • S. Ciftcioglu, Ústav slovenskej a svetovej ekonomiky SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
06SKAAAA00992295
YADDA identifier
bwmeta1.element.d3274dc3-f7cf-37bd-921e-0495910912fb
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.