Arbeitspapier
Does financial openness promote economic integration? Some evidence from Europe and the CIS
We study whether financial openness facilitates the economic integration of formerly centrally planned economies with the EU-15. Two dimensions of economic integration are considered: cross-country convergence of per-capita incomes and bilateral trade in goods and services. We find that more financially open economies effectively catch-up faster and trade more with the EU-15. These integration-enhancing effects occur over and above any effect stemming from domestic financial deepening and other factors determining growth and trade.
- Sprache
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Englisch
- ISBN
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9291907626
- Erschienen in
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Series: WIDER Research Paper ; No. 2005/74
Trade: General
Economic Integration
International Finance: General
Financial Aspects of Economic Integration
Macroeconomic Aspects of International Trade and Finance: General
financial openness
gravity models
catching-up
Kapitalmarktliberalisierung
EU-Staaten
GUS-Staaten
Chowdhury, Abdur R.
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Carmignani, Fabrizio
- Chowdhury, Abdur R.
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2005