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

Revista de Economia Política

Aderbal Oliveira Damasceno¹ 

[1] ,Universidade Federal de Uberlândia Instituto de Economia

关键词: international financial integration;    international capital flows;    conditional convergence;   

DOI  :  10.1590/S0101-31572011000500004

来源: SciELO

【 摘 要 】

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

【 授权许可】

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