Foreign investors facilitate efficiency-enhancing structural change in the recipient countries. After countries liberalize their stock markets and allow foreign investors to acquire equity stakes in domestic firms, products that do not correspond to the liberalizing countries' comparative advantage disappear disproportionately faster from their export portfolios. At the same time, the overall long-term export performance of the liberalizing countries...
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INFORMACIÓN
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2023/02/14
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS10307
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1
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2023/02/14
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Disclosed
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Stock Market Liberalizations and Export Dynamics