Mobilidade de capitais e crescimento econômico: elementos para uma síntese teórica

Sérgio F. Meirelles Filho, Frederico Jayme Jr and Gilberto Libanio

Revista Economia e Sociedade, 2009, vol. 38, 29

Abstract: Capital mobility and economic growth: towards a theoretical synthesis - This paper aims at exploring theoretically the literature regarding capital flows liberalization and economic growth. Precisely, we intend to analyze the role of capital controls over economic growth. Mainstream literature discard capital controls as an alternative to foster economic growth, although admits, in few situations, temporarily quantitative capital controls to avoid financial crisis. The Keynesian approach to economic growth by means of Kaldorian literature is the key to understanding capital controls as an strategy to warrant growth under balance of payments equilibrium. Conclusions highlight the role of capital controls in helping economic growth.

Keywords: Capital controls; Balance of payments; Financial account. (search for similar items in EconPapers)
JEL-codes: F32 F43 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:euc:ancoec:v:38:y:2009:p:439-467

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