Series: IMF Working Papers
Author(s): Pierre-Olivier Gourinchas , and Olivier Jeanne
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2004
Keywords: international financial integration, growth, capital scarcity, neoclassical model, financial integration, international financial, capital inflows, Economic Growth of Open Economies,
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a cali...