International Financial Integration and Growth in Developing Countries: Issues and Implications for Africa
This paper examines international financial integration, economic growth and the linkages between them, focusing on Africa. A central theme is the importance of distinguishing between policy based (de jure ) indicators of integration and (de facto ) indicators based on actual capital flows or stocks. The paper reviews trends in both sets of integration indicators and uses growth accounting to summarise key features of Africa's growth experience. The linkage between them is examined through an extensive review of recent literature as well as some new empirical evidence. The review finds little evidence relating de jure integration to growth, but this may reflect relatively uninformative available indicators. In contrast, the paper concludes that there is strong evidence associating FDI inflows with increased growth and that this relationship seems to hold for Africa. Copyright 2004, Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 13 (2004)
Issue (Month): 02 (December)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Phone: +44-(0)1865 271084
Fax: 01865 267 985
Web page: http://www.jae.oupjournals.org/
More information through EDIRC
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:jafrec:v:13:y:2004:i:02:p:ii55-ii94. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.