Estimating the Effects of Financial Liberalisation on Governability and Social Stability (Record no. 134746)

MARC details
000 -LEADER
fixed length control field 01742nas a2200193Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 250101c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0015-7325
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Chavez, Carlos
9 (RLIN) 124346
245 #0 - TITLE STATEMENT
Title Estimating the Effects of Financial Liberalisation on Governability and Social Stability
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Foreign Trade Review
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 588-614
520 ## - SUMMARY, ETC.
Abstract This article studies the effects of financial liberalisation on governability. The dependent variables measure governability in terms of control of corruption, government effectiveness, political stability, rule of law, regulatory quality and free speech for 125 countries from 1996 to 2019. As a variable measuring financial liberalisation, I use the Chinn-Ito index and Fernandez index as capital control measure. I use fixed-effects panel data, quantile regression, system GMM and event study to estimate these effects. The results I find show that the financial liberalisation has strong effects on those governability variables, especially low-income countries tend to have a higher sensitivity to changes in capital controls on governability and social stability, as well as countries in the 0.4-0.6 quantiles of the governability. Finally, I find that these effects take at least one year to become persistent over time. These findings imply that, in times of political turbulence and instability, governments may pursue liberalising policies that increase the dynamism of the economy to alleviate the climate of ungovernability.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Capital Controls
9 (RLIN) 124347
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Governability
9 (RLIN) 56522
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Social Stability
9 (RLIN) 22879
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Financial Liberalisation
9 (RLIN) 74616
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1177/00157325231173209">https://doi.org/10.1177/00157325231173209</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134746
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Barcode Date last seen Price effective from Koha item type
        Dr VKRV Rao Library Dr VKRV Rao Library 01/01/2025 Vol. 59, No. 4   AI993 01/01/2025 01/01/2025 Article Index