Financial Liberalization, Property Rights, and Growth in an Overlapping-Generations Model
Using an endogenous growth model in which countries differ with respect to property rights protection, the paper analyzes the growth and welfare effects of removing capital controls, and studies the political support for a reform which improves the quality of property rights. When these are poorly p...
Gespeichert in:
| Veröffentlicht in: | Review of international economics 2000-05, Vol.8 (2), p.348-359 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 359 |
|---|---|
| container_issue | 2 |
| container_start_page | 348 |
| container_title | Review of international economics |
| container_volume | 8 |
| creator | Bellettini, Giorgio Ceroni, Carlotta Berti |
| description | Using an endogenous growth model in which countries differ with respect to property rights protection, the paper analyzes the growth and welfare effects of removing capital controls, and studies the political support for a reform which improves the quality of property rights. When these are poorly protected, liberalization of capital movements may foster growth in the short run but eliminates it in the long run. The removal of capital controls may benefit agents at the time of liberalization, hurting future generations. Ceteris paribus, political support for a reform of property rights is stronger in the closed than in the open economy. |
| doi_str_mv | 10.1111/1467-9396.00226 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_38905035</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>38905035</sourcerecordid><originalsourceid>FETCH-LOGICAL-c4916-3d0d66aa14f41ee141b075be6dfb1675d62d07ae3ad1cae1020fd10c6e595ce53</originalsourceid><addsrcrecordid>eNqFkd9v0zAQxy0EEmXwzGsEEk_L5h-x3TxCtbbTOoqmIcST5cSX1cN1MjvtKH89zoL6gISw9NXZ1ud7Pt8h9JbgM5LWOSmEzEtWijOMKRXP0OR48xxNcCl4LrkUL9GrGO8xJnxa4gn6Prde-9pql61sBUE7-0v3tvWn2ZfQdhD6Q3Zj7zZ9PM20N9kitI_9JrM-nbL1HoLTXWf9Xb4An9yDM2bXrQH3Gr1otIvw5k88QV_nF7ezZb5aLy5nH1d5XZRE5MxgI4TWpGgKAkAKUmHJKxCmqYiQ3AhqsNTAtCG1BoIpbgzBtQBe8ho4O0EfxrxdaB92EHu1tbEG57SHdhcVS__kmA3gu7_A-3YXfKpNUUqZoIySBL3_F0SmUhImWDlQ5yNVhzbGAI3qgt3qcFAEq2Eaaui9GnqvnqaRHMvREaCD-ohXTgfY23SzV0xPkw5JFGOcgh22SV0SK6aKl2rTb1OqYkz1aB0c_veyullfXowV5KPNxh5-Hm06_FBCMsnVt88Lxee3V9dytlSf2G_PP7Km</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1877136391</pqid></control><display><type>article</type><title>Financial Liberalization, Property Rights, and Growth in an Overlapping-Generations Model</title><source>RePEc</source><source>Wiley Journals</source><source>Periodicals Index Online</source><source>EBSCOhost Business Source Complete</source><creator>Bellettini, Giorgio ; Ceroni, Carlotta Berti</creator><creatorcontrib>Bellettini, Giorgio ; Ceroni, Carlotta Berti</creatorcontrib><description>Using an endogenous growth model in which countries differ with respect to property rights protection, the paper analyzes the growth and welfare effects of removing capital controls, and studies the political support for a reform which improves the quality of property rights. When these are poorly protected, liberalization of capital movements may foster growth in the short run but eliminates it in the long run. The removal of capital controls may benefit agents at the time of liberalization, hurting future generations. Ceteris paribus, political support for a reform of property rights is stronger in the closed than in the open economy.</description><identifier>ISSN: 0965-7576</identifier><identifier>EISSN: 1467-9396</identifier><identifier>DOI: 10.1111/1467-9396.00226</identifier><language>eng</language><publisher>Oxford, UK and Boston, USA: Blackwell Publishers Ltd</publisher><subject>Economic growth ; Economic impact ; Economic models ; Endogenous growth ; Financial liberalization ; Generations ; Growth models ; International trade ; Legal reform ; Liberalization ; Property rights ; Studies ; Trade agreements ; Trade liberalization ; Trade theory ; Welfare economics</subject><ispartof>Review of international economics, 2000-05, Vol.8 (2), p.348-359</ispartof><rights>Copyright Blackwell Publishers May 2000</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c4916-3d0d66aa14f41ee141b075be6dfb1675d62d07ae3ad1cae1020fd10c6e595ce53</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2F1467-9396.00226$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2F1467-9396.00226$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,780,784,1417,4008,27869,27924,27925,45574,45575</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/blareviec/v_3a8_3ay_3a2000_3ai_3a2_3ap_3a348-59.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Bellettini, Giorgio</creatorcontrib><creatorcontrib>Ceroni, Carlotta Berti</creatorcontrib><title>Financial Liberalization, Property Rights, and Growth in an Overlapping-Generations Model</title><title>Review of international economics</title><description>Using an endogenous growth model in which countries differ with respect to property rights protection, the paper analyzes the growth and welfare effects of removing capital controls, and studies the political support for a reform which improves the quality of property rights. When these are poorly protected, liberalization of capital movements may foster growth in the short run but eliminates it in the long run. The removal of capital controls may benefit agents at the time of liberalization, hurting future generations. Ceteris paribus, political support for a reform of property rights is stronger in the closed than in the open economy.</description><subject>Economic growth</subject><subject>Economic impact</subject><subject>Economic models</subject><subject>Endogenous growth</subject><subject>Financial liberalization</subject><subject>Generations</subject><subject>Growth models</subject><subject>International trade</subject><subject>Legal reform</subject><subject>Liberalization</subject><subject>Property rights</subject><subject>Studies</subject><subject>Trade agreements</subject><subject>Trade liberalization</subject><subject>Trade theory</subject><subject>Welfare economics</subject><issn>0965-7576</issn><issn>1467-9396</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2000</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>K30</sourceid><recordid>eNqFkd9v0zAQxy0EEmXwzGsEEk_L5h-x3TxCtbbTOoqmIcST5cSX1cN1MjvtKH89zoL6gISw9NXZ1ud7Pt8h9JbgM5LWOSmEzEtWijOMKRXP0OR48xxNcCl4LrkUL9GrGO8xJnxa4gn6Prde-9pql61sBUE7-0v3tvWn2ZfQdhD6Q3Zj7zZ9PM20N9kitI_9JrM-nbL1HoLTXWf9Xb4An9yDM2bXrQH3Gr1otIvw5k88QV_nF7ezZb5aLy5nH1d5XZRE5MxgI4TWpGgKAkAKUmHJKxCmqYiQ3AhqsNTAtCG1BoIpbgzBtQBe8ho4O0EfxrxdaB92EHu1tbEG57SHdhcVS__kmA3gu7_A-3YXfKpNUUqZoIySBL3_F0SmUhImWDlQ5yNVhzbGAI3qgt3qcFAEq2Eaaui9GnqvnqaRHMvREaCD-ohXTgfY23SzV0xPkw5JFGOcgh22SV0SK6aKl2rTb1OqYkz1aB0c_veyullfXowV5KPNxh5-Hm06_FBCMsnVt88Lxee3V9dytlSf2G_PP7Km</recordid><startdate>200005</startdate><enddate>200005</enddate><creator>Bellettini, Giorgio</creator><creator>Ceroni, Carlotta Berti</creator><general>Blackwell Publishers Ltd</general><general>Wiley Blackwell</general><general>Blackwell</general><general>Blackwell Publishing Ltd</general><scope>BSCLL</scope><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>JQCIK</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>200005</creationdate><title>Financial Liberalization, Property Rights, and Growth in an Overlapping-Generations Model</title><author>Bellettini, Giorgio ; Ceroni, Carlotta Berti</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4916-3d0d66aa14f41ee141b075be6dfb1675d62d07ae3ad1cae1020fd10c6e595ce53</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2000</creationdate><topic>Economic growth</topic><topic>Economic impact</topic><topic>Economic models</topic><topic>Endogenous growth</topic><topic>Financial liberalization</topic><topic>Generations</topic><topic>Growth models</topic><topic>International trade</topic><topic>Legal reform</topic><topic>Liberalization</topic><topic>Property rights</topic><topic>Studies</topic><topic>Trade agreements</topic><topic>Trade liberalization</topic><topic>Trade theory</topic><topic>Welfare economics</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Bellettini, Giorgio</creatorcontrib><creatorcontrib>Ceroni, Carlotta Berti</creatorcontrib><collection>Istex</collection><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Periodicals Index Online Segment 33</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access & Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access & Build (Plan A) - APAC</collection><collection>Primary Sources Access & Build (Plan A) - Canada</collection><collection>Primary Sources Access & Build (Plan A) - West</collection><collection>Primary Sources Access & Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - Midwest</collection><collection>Primary Sources Access & Build (Plan A) - North Central</collection><collection>Primary Sources Access & Build (Plan A) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Review of international economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Bellettini, Giorgio</au><au>Ceroni, Carlotta Berti</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Financial Liberalization, Property Rights, and Growth in an Overlapping-Generations Model</atitle><jtitle>Review of international economics</jtitle><date>2000-05</date><risdate>2000</risdate><volume>8</volume><issue>2</issue><spage>348</spage><epage>359</epage><pages>348-359</pages><issn>0965-7576</issn><eissn>1467-9396</eissn><abstract>Using an endogenous growth model in which countries differ with respect to property rights protection, the paper analyzes the growth and welfare effects of removing capital controls, and studies the political support for a reform which improves the quality of property rights. When these are poorly protected, liberalization of capital movements may foster growth in the short run but eliminates it in the long run. The removal of capital controls may benefit agents at the time of liberalization, hurting future generations. Ceteris paribus, political support for a reform of property rights is stronger in the closed than in the open economy.</abstract><cop>Oxford, UK and Boston, USA</cop><pub>Blackwell Publishers Ltd</pub><doi>10.1111/1467-9396.00226</doi><tpages>12</tpages><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0965-7576 |
| ispartof | Review of international economics, 2000-05, Vol.8 (2), p.348-359 |
| issn | 0965-7576 1467-9396 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38905035 |
| source | RePEc; Wiley Journals; Periodicals Index Online; EBSCOhost Business Source Complete |
| subjects | Economic growth Economic impact Economic models Endogenous growth Financial liberalization Generations Growth models International trade Legal reform Liberalization Property rights Studies Trade agreements Trade liberalization Trade theory Welfare economics |
| title | Financial Liberalization, Property Rights, and Growth in an Overlapping-Generations Model |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-25T02%3A59%3A25IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Financial%20Liberalization,%20Property%20Rights,%20and%20Growth%20in%20an%20Overlapping-Generations%20Model&rft.jtitle=Review%20of%20international%20economics&rft.au=Bellettini,%20Giorgio&rft.date=2000-05&rft.volume=8&rft.issue=2&rft.spage=348&rft.epage=359&rft.pages=348-359&rft.issn=0965-7576&rft.eissn=1467-9396&rft_id=info:doi/10.1111/1467-9396.00226&rft_dat=%3Cproquest_cross%3E38905035%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1877136391&rft_id=info:pmid/&rfr_iscdi=true |