International Financial Integration and Economic Growth / Hali J. Edison [and three others].

Format:

Book

Author/Creator:

Edison, Hali J., author.

Series:

Working paper series (National Bureau of Economic Research) ; Number 9164.

Working paper series (National Bureau of Economic Research) ; Number 9164

Language:

English

Subjects (All):

International finance.

Economic development--Econometric models.

Economic development.

Investments, Foreign--Econometric models.

Investments, Foreign.

Economic policy--Econometric models.

Economic policy.

Physical Description:

1 online resource (38 pages).

Place of Publication:

Cambridge, MA : National Bureau of Economic Research, 2002.

Summary:

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 null hypothesis that international financial integration does not accelerate economic growth even when controlling for particular economic, financial, institutional, and policy characteristics.

Notes:

Description based on publisher supplied metadata and other sources.