International Financial Integration and Economic Growth /

This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government corruptio...

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Autor principal: Sloek, Torsten
Altres autors: Edison, Hali, Levine, Ross, Ricci, Luca
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2002.
Col·lecció:IMF Working Papers; Working Paper ; No. 2002/145
Accés en línia:Full text available on IMF
Descripció
Sumari:This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government corruption, and macroeconomic policies. Using a wide array of measures of international financial integration on 57 countries and an assortment of statistical methodologies, we are unable to reject the hypothesis that international financial integration does not accelerate economic growth even when controlling for particular economic, financial, institutional, and policy characteristics.
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Descripció física:1 online resource (30 pages)
Format:Mode of access: Internet
ISSN:1018-5941
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students