Integração financeira, poupança externa e convergência de renda: teoria e evidência

摘要: The conventional argument favoring capital controls elimination is based on the predictions from neoclassical model: free international mobility would allow flows country where abundant to countries scarce and outcome in a global perspective efficient allocation of savings income convergence. Within this perspective, financial integration be particularly beneficial for developing resulting external import, temporary increase per-capita GDP growth rate permanent level. Using data sample 105 1980 2004 evidences show that capitals developed do not conditional convergence rate.