Citation
Ibrahim, Saifuzzaman and Abdul Rahman, Mazlina and Wan Ngah, Wan Azman Saini and Mahamad Zakaria, Muhammad Farhan
(2016)
Financial integration - growth nexus: a quantile regression analysis.
Journal of Economic Integration, 31 (3).
pp. 531-546.
ISSN 1225-651X; ESSN: 1976-5525
Abstract
Our study aims to examine the role of economic development in moderating the relationship between international financial integration and economic growth, and we find that international financial integration has a positive impact on economic growth by and large. However, the growth impact of international financial integration does not exist in countries where economic development is too low or in highly developed countries. This suggests that policy makers, especially in developing countries, should ensure the presences of capabilities in order to gain from the financial market integration. The method involves a quantile regression technique on cross-sectional data of 73 countries.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Center for Economic Integration, Sejong Institution, Sejong University |
| Keywords: | International financial integration; Economic growth; Economic development; Quantile regression analysis |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 01 Nov 2016 05:02 |
| Last Modified: | 01 Nov 2016 05:02 |
| URI: | http://psasir.upm.edu.my/id/eprint/48860 |
| Statistic Details: | View Download Statistic |
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