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International financial integration and economic growth

Listed author(s):
  • Edison, Hali J.
  • Levine, Ross
  • Ricci, Luca
  • Slok, Torsten

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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File URL: http://www.sciencedirect.com/science/article/pii/S0261-5606(02)00021-9
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Article provided by Elsevier in its journal Journal of International Money and Finance.

Volume (Year): 21 (2002)
Issue (Month): 6 (November)
Pages: 749-776

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Handle: RePEc:eee:jimfin:v:21:y:2002:i:6:p:749-776
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/30443

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