Arbeitspapier
Trade in Financial Services: Procompetitive Effects and Growth Performance
In this paper we explore linkages between financial services tradeand growth. We offer aformalization of the argument that trade, through the fostering offinancial market integration,may yield important long-run effects related to increasedcompetition. The relationshipsformalized here link long-run economic performance to scale economiesand cost structures inthe financial services sector, and to market concentration in thesector. We first develop ananalytical model. This motivates an econometric exercise. Cross-country growth regressionspoint to a strong positive relationship between financial sectorcompetition and financial sectoropenness, and between growth and financial sector competition.
- Language
-
Englisch
- Bibliographic citation
-
Series: Tinbergen Institute Discussion Paper ; No. 99-028/2
- Classification
-
Wirtschaft
Macroeconomic Aspects of International Trade and Finance: General
Trade Policy; International Trade Organizations
Economic Growth of Open Economies
- Subject
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financial services trade
service trade and imperfect competition
trade in services and growth
Finanzdienstleistung
Internationale Wirtschaft
Welt
- Event
-
Geistige Schöpfung
- (who)
-
Francois, Joseph F.
Schuknecht, Lutger
- Event
-
Veröffentlichung
- (who)
-
Tinbergen Institute
- (where)
-
Amsterdam and Rotterdam
- (when)
-
1999
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Francois, Joseph F.
- Schuknecht, Lutger
- Tinbergen Institute
Time of origin
- 1999
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