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Financial integration - growth nexus: a quantile regression analysis


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
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