IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Does Financial Openness Promote Economic Integration?

  • Fabrizio Carmignani

    (United Nations Economic Commission for Africa)

  • Abdur Chowdhury

    ()

    (United Nations Economic Commission for Europe)

The effect of financial openness on economic integration for two clusters of countries is estimated: the formerly planned economies of Eastern Europe and central Asia (emerging market economies) and some western advanced economies. We focus on two dimensions of economic integration: convergence of per-capita incomes across countries and trade integration. We employ both single equation estimation and system estimation to account for endogenous links between trade integration and income convergence. Results show that in the cluster of emerging market economies, financial openness is a powerful instrument of economic integration. In the group of advanced economies, financial openness effectively facilitates income convergence, but its impact on trade integration is ambiguous.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.unece.org/fileadmin/DAM/oes/disc_papers/ECE_DP_2007-4.pdf
File Function: First version, 2007
Download Restriction: no

Paper provided by UNECE in its series ECE Discussion Papers Series with number 2007_4.

as
in new window

Length: 18 pages
Date of creation: Jun 2007
Date of revision:
Publication status: Published in UNECE Discussion Paper Series, No. 2007_4
Handle: RePEc:ece:dispap:2007_4
Contact details of provider: Postal: Palais des Nations, CH - 1211 Geneva 10
Phone: +4122 917 44 44
Fax: +4122 917 05 05
Web page: http://www.unece.org/
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ece:dispap:2007_4. 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: (Robert Shelburne)

The email address of this maintainer does not seem to be valid anymore. Please ask Robert Shelburne to update the entry or send us the correct address

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.