世界经济研究

[1] Acemoglu D,Johnson S,Robinson J A.The colonial origins of comparative development:An empirical investigation [J].American Economic Review,2001,91(5):1369-1401.

[2] Acemoglu D,Johnson S,Robinson J,et al.Institutional causes,macroeconomic symptoms:Volatility,crises and growth [J].Journal of Monetary Economics,2003,50(1):49-123.

[3] Alfaro L,Kalemli-Ozcan S,Volosovych V.Why doesn′t capital flow from rich to poor countries?An empirical investigation[J].The Review of Economics and Statistics,2008,90(2):347-368.

[4] Beck T,Demirgüc-Kunt A,Levine R.Financial institutiion and markets across countries and over time:The updated financial development and structure database[J].The Word Bank Economic Review,2010,24(1):77-92.

[5] Beck T,Demirgü?-Kunt A,Levine R.Law and finance:Why does legal origin matter?[J].Journal of Comparative Economics,2003,31(4):653-675.

[6] Bordo M D,James H.Capital flows and domestic and international order:Trilemmas from macroeconomics to political economy and international relations[J].Polymer Engineering & Science,2015,30(18):172-173.

[7] Byrne J P,Fiess N.International capital flows to emerging markets:National and global determinants[J].Journal of International Money and Finance,2016,61:82-100.

[8] Caballero J A.Do surges in international capital inflows influence the likelihood of banking crises?[J].The Economic Journal,2016,126(591):281-316.

[9] Caballero R J,Farhi E,Gourinchas P O.An equilibrium model of "global imbalances" and low interest rates[J].American Economic Review,2008,98(1):358-393.

[10] Calvo G.Financial crises and liquidity shocks a bank-run perspective[J].European Economic Review,2012,56(3):317-326.

[11] Conely T G,Hansen C B,Rossi P E.Plausibly exogenous[J].Review of Economic and Statistics,2012,94(1):260-272.

[12] CHEN Y,FAN Z,GU X,et al.Arrival of young talent:The send-down movement and rural education in China[J].American Economic Review,2020,110(11):3393-3430.

[13] Desbordes R,WEI S J.The effects of financial development on foreign direct investment[J].Journal of Development Economics,2017,127:153-168.

[14] Fogli A,Perri F.Macroeconomic volatility and external imbalances[J].Journal of Monetary Economics,2015,69:1-15.

[15] Forbes K J,Warnock F E.Capital flow waves:Surges,stops,flight,and retrenchment[J].Journal of International Economics,2012,88(2):235-251.

[16] Forbes K J,Warnock F E.Capital flow waves-or ripples?Extreme capital flow movements since the crisis[J].Journal of International Money and Finance,2021,116:102394.

[17] Fratzscher M.Capital flows,push versus pull factors and the global financial crisis[J].Journal of International Economics,2012,88(2):341-356.

[18] Goldsmith P P,Sorkin I,Swift H.Bartik instruments:What,when,why,and how[J].American Economic Review,2020,110(8):2586-2624.

[19] Gulen H,Ion M.Policy uncertainty and corporate investment[J].The Review of Financial Studies,2016,29(3):523-564.

[20] Haselmann R,Wachtel P.Institutions and bank behavior:Legal environment,legal perception,and the composition of bank lending[J].Journal of Money Credit and Banking,2010,42(5):965-984.

[21] International Monetary Fund.Review of the institutional view on the liberalization and management of capital flows[J].Policy Papers,2022(008):A001.

[22] International Monetary Fund.Capital flows-review of experience with the institutional view[J].Policy Papers,2016(36):A001.

[23] Julio B,Yook Y.Policy uncertainty,irreversibility,and cross-border flows of capital[J].Journal of International Economics,2016,103:13-26.

[24] Julio B,Yook Y.Political uncertainty and corporate investment cycles[J].The Journal of Finance,2012,67(1):45-83.

[25] Kose M A,Prasad E S,Terrones M E.Does financial globalization promote risk sharing?[J].Journal of Development Economics,2009,89(2):258-270.

[26] Kripfganz S,Kiviet J F.Kinkyreg:Instrument-free inference for linear regression models with endogenous regressors[J].The Stata Journal,2021,21(3):772-813.

[27] La Porta R,Lopez-De-Silanes F,Shleifer A,et al.Law and finance[J].Journal of Political Economy,1998,106(6):1113-1155.

[28] La Porta R,Lopez-De-Silanes F,Shleifer A,et al.Investor protection and corporate governance[J].Journal of Financial Economics,2000,58(1):3-27.

[29] Maskus K E,Neumann R,Seidel T.How national and international financial development affect industrial R&D[J].European Economic Review,2012,56(1):72-83.

[30] Mendoza E G,Quadrini V,Rios-Rull J-V.Financial integration,financial development,and global imbalances[J].Journal of Political Economy,2009,117(3):371-416.

[31] Mughogho T E,Alagidede I P.Capital account liberalization and capital flows to sub-saharan Africa:A panel threshold approach[R].Economic Research Southern Africa,2019.

[32] Passari E,Rey H.Financial flows and the international monetary system[J].The Economic Journal,2015,125(584):675-698.

[33] Rajan R G,Zingales L.Financial dependence and growth[J].The American Economic Review,1998,88(3):559-586.

[34] Rey H.Dilemma not trilemma:The global financial cycle and monetary policy independence[R].National Bureau of Economic Research,2015,No.21162.

[35] Scheubel B,Stracca L,Tille C.Taming the global financial cycle:What role for the global financial safety net?[J].Journal of International Money and Finance,2019,94:160-182.

[36] Shleifer A,Wolfenzon D.Investor protection and equity markets[J].Journal of Financial Economics,2002,66(1):3-27.

[37] Svirydzenka K.Introducing a new broad-based index of financial development[J].IMF Working Papers,2016,16(5):A001.

[38] Von Hagen J,ZHANG H.Financial development,international capital flows,and aggregate output[J].Journal of Development Economics,2014,106:66-77.

[39] Witt M A,Lewin A Y.Outward foreign direct investment as escape response to home country institutional constraints[J].Journal of International Business Studies,2007,38(4):579-594.

[40] 陈创练，姚树洁，郑挺国，等.利率市场化、汇率改制与国际资本流动的关系研究[J].经济研究，2017,52(4):64-77.

[41] 黄凌云，刘冬冬，谢会强.对外投资和引进外资的双向协调发展研究[J].中国工业经济，2018(3):80-97.

[42] 金绍荣，唐诗语，任赞杰.数字化转型能提升农业企业全要素生产率吗?[J].改革，2024(2):131-148.

[43] 芦东，刘家琳，周行.浮动汇率制能有效降低跨境资本流动波动吗?[J].国际金融研究，2021(11):43-54.

[44] 刘浩杰，刘玚.经济政策不确定性、空间关联与短期资本流动波动[J].世界经济研究，2023(1):86-101;136.

[45] 刘莉亚，程天笑，关益众，等.资本管制能够影响国际资本流动吗?[J].经济研究，2013,48(5):33-46.

[46] 李平，乔友群，张静婷.制度型开放如何促进技术创新——来自中国省际面板的证据[J].南开经济研究，2023(7):108-125.

[47] 梁若冰，谢骐宇.科举与科技：基于人力资本的视角[J].世界经济，2024(3):30-65.

[48] 林毅夫，孙希芳，姜烨.经济发展中的最优金融结构理论初探[J].经济研究，2009,44(8):4-17.

[49] 谭小芬，虞梦微.全球金融周期与跨境资本流动[J].金融研究，2021(10):22-39.

[50] 谭小芬，张凯，耿亚莹.全球经济政策不确定性对新兴经济体资本流动的影响[J].财贸经济，2018,39(3):35-49.

[51] 王永钦，高鑫，袁志刚，等.金融发展、资产泡沫与实体经济：一个文献综述[J].金融研究，2016(5):191-206.

[52] 喻海燕，范晨晨.资本账户开放、制度质量与资本外逃：基于“金砖五国”的研究[J].国际金融研究，2018(10):45-54.

[53] 杨继梅，马洁，吕婕.金融开放背景下金融发展对跨境资本流动的影响研究[J].国际金融研究，2020(4):33-42.

[54] 张方波.推进金融制度型开放：进展、挑战与策略[J].经济学家，2023(7):58-67.

[55] 张勇，蒲勇健，陈立泰.城镇化与服务业集聚——基于系统耦合互动的观点[J].中国工业经济，2013(6):57-69.

[56] 周宇，孙立行.中国对外货币开放新格局[M].上海社会科学院出版社，2016.

(1)57个国家:阿尔巴尼亚、亚美尼亚、澳大利亚、奥地利、比利时、巴西、加拿大、智利、中国、哥伦比亚、克罗地亚、塞浦路斯、捷克、丹麦、爱沙尼亚、芬兰、法国、德国、希腊、匈牙利、冰岛、印度、印度尼西亚、爱尔兰、以色列、意大利、日本、约旦、韩国、拉脱维亚、立陶宛、马来西亚、墨西哥、荷兰、新西兰、挪威、巴拉圭、秘鲁、菲律宾、波兰、葡萄牙、罗马尼亚、俄罗斯、新加坡、斯洛伐克、斯洛文尼亚、南非、西班牙、斯里兰卡、瑞典、瑞士、泰国、土耳其、乌克兰、英国、美国、乌拉圭。

(2)发展中国家在国际金融危机期间样本量过少,不再细致讨论。

(1)包含16个发达经济体、22个新兴市场国家和6个低收入经济体。