Capital controls, political institutions, and economic growth: A panel and cross country analysis

Shanker Satyanath, Daniel Berger

    Research output: Contribution to journalArticlepeer-review

    Abstract

    Statistical studies on the effects of capital controls on growth have generally yielded insignificant results. In this paper, we show that capital controls negatively affect growth in authoritarian countries, while growth in democratic countries is insignificantly affected. We also show that the adverse effects of capital controls likely pass through the efficiency of investment. Our findings suggest that policy makers should take careful account of the political context when considering the decision to impose capital controls.

    Original languageEnglish (US)
    Pages (from-to)307-324
    Number of pages18
    JournalQuarterly Journal of Political Science
    Volume2
    Issue number4
    DOIs
    StatePublished - 2007

    ASJC Scopus subject areas

    • Sociology and Political Science
    • Political Science and International Relations

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