Financial Development and Geographic Isolation: Global Evidence

Arbeitspapier

Using cross-country differences in the degree of isolation before the advent of technologies in sea and air transportation, we assess the relationship between geographic isolation and financial development across the globe. We find that pre-historic geographical isolation has been beneficial to development because it has contributed to contemporary cross-country differences in financial development. The relationship is robust to alternative samples, different estimation techniques, outliers and varying conditioning information sets.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: AGDI Working Paper ; No. WP/16/014

Classification and Topics

• Classification: Wirtschaft ; Economic Integration ; International Financial Markets ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Economywide Country Studies: General
• Subject: Financial development ; Isolation ; Agglomeration ; Globalization

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kodila-Tedika, Oasis ; Asongu, Simplice ; Cinyabuguma, Matthias
• Event: Veröffentlichung
• (who): African Governance and Development Institute (AGDI)
• (where): Yaoundé
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/149938
• Last update: 10.03.2025, 11:43 AM CET